In the bustling economic landscape of Medina, the fourth quarter of 2023 witnessed a remarkable surge in the registration of new mining companies. This growth not only contributed significantly to the city's economic expansion across 17 activities in 20 sectors but also marked a pivotal moment in the realization of the Kingdom's Vision 2030 economic diversification plan.

1. Economic Growth and Diversification:
Uncover the details of how the newly registered mining companies in Medina played a pivotal role in achieving a 12% annual increase in commercial registrations. Dive into the diverse economic activities across 20 sectors that experienced growth during this period.

2. Vision 2030 Impact:
Examine how this surge in new businesses aligns with and reinforces the goals of Vision 2030, the Kingdom's ambitious economic diversification plan. Highlight the strategic importance of Medina in the broader context of Saudi Arabia's economic transformation.

3. Private Sector Employment Landscape:
Delve into the Chamber of Commerce's report, revealing that Medina secured the sixth position for private sector workers in the Kingdom. Explore the impressive figure of 430,634 employees in the third quarter of 2023, showcasing the city's role as a major contributor to Saudi Arabia's workforce.

4. Social Insurance Regulations:
Provide insights into the social insurance landscape, with approximately 84% of workers in Medina governed by social insurance regulations in the private sector. Break down the significance of this statistic and its implications for both businesses and employees.

5. Saudi Nationals in the Private Sector:
Highlight the employment of 88,297 Saudi nationals in the private sector during the third quarter of 2023. Discuss how 25% of these individuals are subject to social insurance laws, emphasizing the commitment to local employment and welfare.

Conclude by emphasizing Medina's rising prominence in Saudi Arabia's economic landscape, attributing it to the influx of new mining companies and its alignment with the ambitious Vision 2030 plan. Acknowledge the city's role in not only attracting investments but also contributing significantly to the Kingdom's employment growth.