Saudi Arabia has recorded a 51% year-on-year increase in blockchain-related business registrations by the end of Q2 2025, according to the Ministry of Commerce. The number of registered blockchain firms rose to 4,005 from 2,644 last year, reflecting growing enthusiasm for digital innovation and trust in the country’s supportive tech ecosystem.

Riyadh led with 2,463 blockchain businesses, followed by Mecca (806), the Eastern Region (430), Medina (104), and Al Qassim (51). This surge aligns with the Kingdom’s Vision 2030, which aims to reduce oil dependence and drive economic diversification through technology. Investment in AI, fintech, and blockchain is central to this mission, positioning Saudi Arabia as a regional leader in digital transformation.

The rise in blockchain ventures indicates both entrepreneurial momentum and the effectiveness of the Kingdom’s regulatory infrastructure, as it continues to attract talent and investors to its evolving tech landscape.