Saudi entrepreneurship and the ease of doing business

Saudi entrepreneurship and the ease of doing business

A clear picture has emerged of a resilient entrepreneurial ecosystem that continues to attract young minds seeking a foothold in the Saudi and Gulf Cooperation Council markets. Much has been said about the ways in which the coronavirus disease (COVID-19) has led to a reckoning for youth whose employment has been disrupted by the pandemic. Many have viewed this challenging time as an opportunity to incubate their next big idea and explore ways to make independent income.One can expect that aspiring entrepreneurs, freed from the constraints of traditional employment and eager to tap into emerging industries, may accelerate an entrepreneurship boom in the Kingdom over the next few years. With Vision 2030 aiming to increase the contribution of small and medium enterprises to the Kingdom's gross domestic product from 20