The Kingdom of Saudi Arabia ranked 1st worldwide in the response of government as well as of entrepreneurs to the Corona virus pandemic, as per the report of Global Entrepreneurship Monitor (GEM) for the year 2020-21.
Saudi Arabia also gains 7th place in the entrepreneurial progress worldwide. The report was issued in cooperation with Prince Mohammad Bin Salman College (MBSC) of Business and Entrepreneurship and Babson Global Center for Entrepreneurial Leadership (BGCEL).
– The Kingdom has jumped to first place worldwide in the ease of starting-up business index from the 22nd position. This jump reflects the essential reforms in the entrepreneurship environment to business start up mechanisms.
Saudi Arabia also ranked first in terms of providing goods opportunities to start a business. While in physical infrastructure the Kingdom jumps to 2nd rank from 35th, due to easy access to many services like office space, commercial sites, internet and other public services.
This achievements reflects the tremendous impact of the Saudi Vision 2030 on Small and Medium Enterprises (SMEs) and businesses said the Governor of SMEs General Authority Saleh Bin Ibrahim Al Rasheed.
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