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Business and Entrepreneurship in Saudi Arabia

Book Description

An investor's crucial guide to the changing face of Saudi Arabian business

Business and Entrepreneurship in Saudi Arabia is an essential reference guide, informing investors on the key issues that define how business will be done as the nation's family-owned businesses change hands. Supported by the U.S.-Saudi Arabian Business Council, this book introduces the reader to the new Saudi entrepreneur and explains why Saudi Arabia's boom deserves more of the world's attention. As the heads of family-owned businesses age and corporate boards are reshaped, business practices will be influenced by the ascension of the country's young leaders. Interviews with young Saudi entrepreneurs describe the challenges, triumphs, failed attempts, and successful endeavors they experience every day as time-tested traditional models bump up against more modern, innovative ideas and methods. The book's companion website features a variety of useful tools and documents that help readers implement the concepts presented, and the firsthand information provides deep insight into the future of these companies.

Saudi Arabia is profoundly influencing the technological advances of multiple industries through increasing collaboration and in-country partnerships with communities around the world. The evolution of the Kingdom's family-owned businesses is becoming more important to investors as young Saudis claim their legacies, and this book provides an insightful understanding of the changing nature of Saudi business.

  • Meet the emerging entrepreneur class of Saudi Arabia
  • Learn how the Saudi boom affects global business
  • Discover what investors need to know about the Saudi economy
  • Examine how time and technology is reshaping the way business is done
  • Gain useful insight into the direction management of the Kingdom's growth will take over the next five years

The Saudi economy constitutes thirty percent of the Arab world's GDP, and sixty percent of the population is under the age of thirty. Business and Entrepreneurship in Saudi Arabia provides essential information investors need to navigate the changing tide of doing business in Saudi Arabia.

Table of Contents

  1. Title Page
  2. Copyright
  3. Dedication
  4. Preface
  5. Acknowledgments
  6. About the Author
  7. Introduction
  8. Chapter 1: The Kingdom's Modern Economy and Economic Might
    1. The Modern Saudi Economy and the National Development Plans
    2. The Private Sector's Role in National Development and Non-Oil GDP
    3. So, how has it all worked out?
    4. The Kingdom's Path to Economic Diversification
    5. Notes
  9. Chapter 2: Innovation in Saudi Arabia: The Kingdom's March Toward the Future
    1. Evaluating Innovation in Saudi Arabia: The Global Innovation Index and the Importance of International Market Engagement
    2. Innovation vs. Invention
    3. Technological and Scientific Discovery in Saudi Arabia
    4. King Abdulaziz City for Science and Technology (KACST)
    5. King Abdullah University for Science and Technology (KAUST)
    6. Industrial Clusters Program (IC), SABIC and Saudi Intellectual Property
    7. Notes
  10. Chapter 3: The Development of Family-Owned Businesses in Saudi Arabia
    1. Defining the Family Owned Business (FOB)
    2. The Corporate versus Social Nature of the Saudi Family Owned Business
    3. Corporate Succession within Saudi Family Owned Business and New Generation Integration
    4. Management of Strategic Focus and the Importance of Corporate Governance
    5. Illustrations of Saudi Family Owned Businesses
    6. Notes
  11. Chapter 4: Entrepreneurship in Saudi Arabia Today
    1. Defining “Entrepreneur” in Saudi Arabia
    2. Saudi Entrepreneurs—The Decision to go into Business
    3. Mr. Saud Al-Suhaimi, CEO of Jawlah Tours
    4. Mr. Abdulrahman Al-Olayan, Businessman, Lecturer, Doctoral Candidate
    5. Bankruptcy in Saudi Arabia
    6. Notes
  12. Chapter 5: Exploring Saudi Entrepreneurism and Opportunities for Business
    1. Entrepreneurship as a Catalyst for Economic Growth—Saudi Realities
    2. Promotion and Support of Saudi Entrepreneurs and Small and Medium-Sized Businesses
    3. Endeavor Global Incorporated (Endeavor) and Endeavor Saudi Arabia
    4. The National Entrepreneurship Institute—(RIYADAH)
    5. The Centennial Fund (TCF)
    6. Saudi Technology Development and Investment Company (TAQNIA)
    7. Notes
  13. Chapter 6: New Horizons for the Kingdom and for Its Domestic and Foreign Businesses
    1. A New Era in U.S.–Saudi Commercial Relations
    2. Saudi and American Good Will and Right Intentions—A High-Level Discussion on US-Saudi Bilateral Commercial Relationship
    3. New Fiscal Realities and Recurrent Development Themes
    4. Closing Thoughts
    5. Notes
  14. Index
  15. End User License Agreement