29 Days
Source:
الاقتصادية
Deputy Governor of Monsha'at on Saudi Entrepreneurship
Most entrepreneurial activities in Saudi Arabia are concentrated there, with 89% of sectors being consumer-oriented. Meanwhile, high-growth companies make up only about 4.5%, highlighting the need to enhance the capacity of businesses to grow and expand. The kingdom faces challenges in digital transformation, including rising automation costs, a shortage of technical and innovative talent, and the concentration of incubators and accelerators in limited areas. The sector’s strategy aims to address these challenges through 13 initiatives to foster business growth and increase competitiveness, with a target of creating more than 500,000 jobs and achieving first place globally in the entrepreneurial skills index.
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