Innovation and Enterpreneurship


Saudi Arabia’s entrepreneurship and innovation ecosystem is rapidly growing to become the tech start-up hub of the MENA region.

Innovation and enterpreneurship Overview

The entrepreneurship and innovation sector is at the heart of Vision 2030, and starting a business in Saudi Arabia has never been easier. In 2017, Saudi Arabia introduced the Entrepreneurship License that allows foreign start-ups to setup their business in Saudi with 100% ownership. The Saudi entrepreneurship ecosystem is rapidly growing, and is positioning itself as a major player in the region. From developing accelerators programs, establishing co-working spaces, introducing new funding programs to transforming regulatory and financing frameworks to support startups and entrepreneurs


Despite the outstanding achievements to date, the Kingdom’s journey has just started and the government is determined to support all international & local ecosystem players to increase the participation in the entrepreneurship landscape.

29 - %

SME contribution to GDP in 2020 from 20% in 2016

65 - %

growth in the Saudi venture capital ecosystem Y-o-Y from 2016 to 2021

35 - %

targeted SME contribution to GDP by 2030

Value Proposition

A rapidly growing ecosystem

Enabling the future of entrepreneurship

Government support and commitment to entrepreneurship

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