the GEI index, a breakthrough advance in measuring the quality and dynamics of entrepreneurship ecosystems at a national, regional and local level. The GEI index methodology, has been validated in rigorous academic peer reviews and has been widely reported in media, including in The Economist, The Wall Street Journal, Financial Times and Forbes.
Saudi Arabia ranked 45 globally, and 8 regionally.
Saudi Arabia is the 25th largest export economy in the world and the 62nd most complex economy according to the Economic Complexity Index (ECI). In 2015, Saudi Arabia exported $182B and imported $167B, resulting in a positive trade balance of $15.6B. In 2015 the GDP of Saudi Arabia was $646B and its GDP per capita was $53.5k
The Doing Business project provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level.
The Doing Business project, launched in 2002, looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.
A fundamental step to building an entrepreneurial ecosystem is to assess the existing situation. As such, the purpose of this research is to analyze the different domains of Saudi Arabia’s entrepreneurial ecosystem. This also entails identifying and examining the stakeholders whose contributions are critical to the success of the entrepreneurial community in Saudi Arabia
The number of entrepreneurship support organizations in the KSA, including funds, coworking spaces, incubators, and accelerators, has nearly tripled, growing from 13 between 2006 and 2010 to 36 between 2011 and 2015.
This is one of the key findings of “The Kingdom of Saudi Arabia: Status of the entrepreneurship ecosystem”, a Wamda Research Lab (WRL) report highlighting the entrepreneurial ecosystem in the Kingdom, the challenges entrepreneurs are facing, and the opportunities they have.
Forbes Middle East is the Arab
world’s trusted brand for championing leadership and business success
Featuring articles and reports exploring growth, innovation, and entrepreneurial spirit, Forbes Middle East is an ideal read for investors looking for new opportunities.
Every month we publish original and relevant lists and rankings based on neutral scientific research. Through a wide network of experts and contributors, we provide insights, commentary, and analysis on the people, companies, and industries shaping the economies of the Arab world.
Arab Publisher House has the license from Forbes Media U.S., to publish Forbes Middle East’s flagship titles, special editions and online platforms in MENA.