23 Hrs
Source:
الاقتصادية
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Deputy Governor of Monshaat on Saudi Entrepreneurial Focus
The article highlights that 89% of entrepreneurial activity in Saudi Arabia is concentrated in consumer-oriented sectors, with a low proportion of high-growth companies not exceeding 4.5%. Despite Saudi Arabia's advancement to the 30th position globally in digital transformation, challenges remain, including the high cost of automation, limited talent in technology and innovation, and the focus of incubators in specific areas such as Riyadh, Mecca, and the Eastern Province, which restricts benefits to other regions. The General Authority for Small and Medium Enterprises (SMEs) is implementing strategies to promote growth and expansion through initiatives that support innovation, export, and financing, aiming to create more than 500,000 jobs and achieve a leading global position in entrepreneurial skills.
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