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The most ambitious research project on entrepreneurship globally

The Global Entrepreneurship Monitor (GEM) is a global consortium that conducts research on 66 global economies, covering 82% of the world’s GDP and 71% of its population.  GEM brings together over 400 researchers from across the globe and includes more than 100 institutions every year. The involvement of all these people and institutions makes GEM the largest study on entrepreneurship and entrepreneurial activities in the world.

ABOUT THE 2019/20 GEM KSA REPORTS

GEM is the world's foremost study of entrepreneurship. GEM began in 1999 as a joint project between Babson College (USA) and London Business School (UK) with the aim of building understanding as to why some countries are more 'entrepreneurial' than others. Through a vast, centrally coordinated international data collection effort, GEM has provided high quality information on a comprehensive variety of indicators about entrepreneurship in 114 economies over 20 years. GEM is a trusted resource for organizations around the world to help inform decision-making to improve the quantity and quality of entrepreneurial activity. The 2019/20 GEM KSA National Report provides a comprehensive profile of the entrepreneurship in KSA. This includes measures of societal attitudes, self-perceptions, affiliations relative to entrepreneurship, and profiles of entrepreneurs.

Below are some of the key findings of the report:

SAUDI ARABIA’s FRAMEWORK CONDITIONS FOR ENTREPRENEURSHIP
This index, showed remarkable improvement in 2019. Currently, the Kingdom ranks amongst the top 20 within the 54 economies on the overall National Entrepreneurial Context Index. In particular, Saudi ranks 3rd with regard to support and relevance of government policies, the 10th in the governmental taxes and bureaucracy, and the 13th in internal market dynamics.

SOCIETAL VALUES ABOUT ENTREPRENEURSHIP
Almost 70% of Saudi adults consider starting a business to be a good career choice, and about 79% believe that entrepreneurs are well regarded and enjoy high status within society. Additionally, 72% believe that entrepreneurs garner substantial media attention. However, 74% favor an equal standard of living for all people, signaling less support for free competition.

SELF-PERCEPTIONS ABOUT ENTREPRENEURSHIP
In the population of working-age adults (18–64 years), 83% personally know someone who started a business in the last two years, 83% report having the required knowledge and skills to start businesses, and 74% see good opportunities around them for starting a business. Of those who see opportunities, 44% would be constrained from starting a business due to fear of failure, while 53% declare that it is easy to start a business in the Kingdom.

 

The 2019/20 GEM KSA Women’s Report, produced for the first time in collaboration with the World Bank and Saudi Arabia’s Monsha’at, provides a comprehensive profile of women’s entrepreneurship in KSA. It includes comparisons by gender of societal attitudes, self-perceptions, affiliations relative to entrepreneurship, and profiles of women entrepreneurs. In recent years, KSA has implemented a wide range of programs and policies to support women in fulfilling their potential and increase their economic participation; and the report highlights areas where women entrepreneurs have made significant progress and areas where gaps, challenges, and opportunities remain.

 

 

Below are some of the key findings of the report:

SOCIETAL ATTITUDES

  • Women in Saudi Arabia have positive perceptions of the status and media attention conferred on entrepreneurs: 71% of women (65% of men) believe that entrepreneurs have high status in Saudi Arabia, and 64% of women (56% of men) believe entrepreneurs receive frequent and positive media attention.
  • Less than half of women, 42% (37% of men), state that it is easy to start a business. Additionally, 48% of women (46% of men) believe entrepreneurship represents a good career choice.

 

SELF-PERCEPTIONS

  • In Saudi Arabia, 70% of women (64% of men) are highly likely to perceive entrepreneurial opportunities around them. However, among those women who perceive opportunities, 46% would be deterred from starting a business due to fear of failure; a similar proportion of men express the same concern (45%).
  • Among women in Saudi Arabia, 63% (66% of men) indicated that they had the knowledge, skills, and experience to start a business.
  • Most women in Saudi Arabia, 81% (84% of men), know someone personally who has started a business in the previous two years.

 

FINANCE

  • Women raise a median level of 70,000 SAR to start their businesses (compared to a median of 200,000 SAR for men).
  • Women entrepreneurs are highly dependent on informal funds from family members (67% vs 28.3% of men), with comparatively little access to banks, private investors, government, and other sources. In contrast, men access all sources relatively evenly.
  • On the investor side, 14% of women (15% of men) have provided financing for a new business in the prior three years.

 

 

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Want to know more?

DOWNLOAD THE 2019/20 GEM KSA WOMEN'S REPORT

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