The paper "Entrepreneurship in Saudi Arabia - What You Must and Must Not Do" is a perfect example of a business case study. In 2009, Saudi Arabia was ranked by the World Bank as the 13th most favourable business environment in the world. Over the years, the Saudi Arabian government has implemented regulatory reforms that have drastically improved and boosted entrepreneurship in the region. Currently, Saudi Arabia presents endless opportunities for entrepreneurship ventures. Nevertheless, in order for any business venture to be effective and successful, entrepreneurs must acquaint themselves with Saudi Arabia’ s social, economic, political, environmental and legal aspects.
This report examines entrepreneurship in Saudi Arabia in relation to what entrepreneurs must and must not do. Some of the key aspects that this report examines with regards to entrepreneurship in Saudi Arabia include key legal, economic, social, political, environmental factors that may influence entrepreneurship in the country. Introduction The fast pace of economic growth in Saudi Arabia presents endless opportunities for entrepreneurship ventures. However, in order for any business to realise its full potential, it is imperative for entrepreneurs to have a clear understanding of Saudi Arabia’ s economy, political structure, environment, laws, culture and traditions.
This report seeks to examine entrepreneurship in Saudi Arabia in relation to what entrepreneurs must and must not do. It will discuss key legal, economic, social, political, environmental factors that may influence entrepreneurship in the country. Economic Aspects In past years, Saudi Arabia’ s economy was mainly oil-based with stringent government controls on most economic activities. These stringent rules made it difficult for both local and foreign entrepreneurs to effectively capitalise on the vast business opportunities available in the country. However, with time the Saudi Arabian government has implemented several policy reforms that have brought about significant changes in the country’ s business environment.
For instance, as a result of the policy reforms implemented by the government, Saudi Arabia’ s economy has become more diversified and the private business sector has witnessed tremendous growth.
Al Tamimi, 2009, Environmental Law in the Kingdom of Saudi Arabia, viewed on October 26 2012 from
Al-Qahtany, M. 2012, “Doing Business in Saudi Arabia: Implication for International Investors”, Journal of Transnational Management Development , vol 8, no,1-2, pp. 3-16.
Ernst & Young, 2011, Nice Côte d'Azur 2011 Entrepreneurship Barometer, G20 Young Entrepreneurs Summit, October 2011, viewed on October 20 2012
Chaney, L. & Martin, J. (2007). The Essential Guide to Business Etiquette, Praeger, Westport.
Katz, L. 2005, Negotiating International Business: The Negotiator’s Reference Guide to 50 Countries around the World, Booksurge, California.
Kesting, P. 2010, “Incubating the Future: Entrepreneurship in Saudi Arabia”, US-Arab Tradeline, vol 18, no. 1, pp. 3-39.
Index Mundi, 2012, Saudi Arabia Environment: Current Issues, viewed on October 26 2012 from
International Business Publication (IBP), 2009, Saudi Arabia Investment and Business Guide: Strategic and Practical Information, International Business Publication, Washington.
O’Kane, M. 2010, Doing Business in Saudi Arabia, Al-Andalus Publishing, Sharjah, UAE.
Rice, G. 2003, “Doing Business in Saudi Arabia”, Thunderbird International Business Review, vol 46, issue 1, pp. 59-84.
Saudi British Bank (SABB) & Pricewaterhouse Coopers (PWC), 2010, Doing Business in Saudi Arabia, viewed on October 20 2012,
Shoult, A., 2006, Doing Business with Saudi Arabia, GMB Publishing, London.
Vincent, P. 2008, Saudi Arabia: An Environmental Overview, Routledge, London.
Vogel, F. 2000, Islamic Law and Legal System: Studies of Saudi Arabia, BRILL, Leiden, Netherlands.
World Bank, 2010, Doing Business 2010: Reforming through difficult times, viewed on October 20 2012
WSP, 2012, Environmental Regulations & Standards for the Kingdom of Saudi Arabia, Jeddah, Kingdom of Saudi Arabia , viewed on October 26 2012