The hot areas Saudi entrepreneurs should be looking at


JEDDAH: Saudi Arabia’s economic development program aims to increase the gross domestic product (GDP) contribution of small and medium-sized enterprises (SMEs) from 20 percent at present to 35 percent by 2030.

Along the way, entrepreneurship opportunities will grow across a wide range of sectors, in what is by all accounts a significantly underserved market.

The Kingdom’s youth agree, with 76.3 percent of young adults seeing business prospects improving, according to a 2019 Global Entrepreneurship Monitor report.

In technology alone, venture capital (VC) leaders STV project that annual aggregate investments could expand tenfold from $50 million in 2018 to $500 million in 2025. But what sectors should entrepreneurs be looking at?

Continue reading...

source: https://www.arabnews.com/node/1624566/saudi-arabia