The Kingdom achieves seventh place in the “Entrepreneurship” index.

The Kingdom achieved seventh place in the Entrepreneurship Index in 2020, advancing 10 places after it was ranked 17 in 2019. According to the Global Entrepreneurship Monitor Report for the year 2020/2021, which is prepared by Babson Global College in cooperation with the London Business School. The General Authority for Small and Medium Enterprises (Monsha’at) stated that the Entrepreneurial Status Index mainly depends on measuring the average results of countries in 12 factors within the framework of the entrepreneurship system, which are: the financial environment related to entrepreneurship, priorities and support of government legislation, bureaucracy and taxes in government legislation. , Government entrepreneurship programs, and school-based entrepreneurship. These factors include entrepreneurship in higher education stages, transfer of research and development, access to commercial infrastructure, local market dynamics, obstacles to entering the local market, public infrastructure and access to services, culture and community support. The Kingdom achieved the first ranks in the indicators of the Global Entrepreneurship Monitor for the year 2019/2020 AD, as it came first in the “Knowing a person who started a new project” indicator, which indicates the positivity in the business environment and the desire to do business, while it ranked second in the index “Having the knowledge and skills to start a business,” which indicates the positive impact of the supportive programs on building the skills of young men and women that qualify them to start their entrepreneurial work.

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