Saudi Arabia s booming startup ecosystem arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Dubai: Saudi Arabia ranked first worldwide in the response of government and entrepreneurs to the COVID-19 pandemic, while the Kingdom stood 7th in entrepreneurial progress worldwide, according to the Global Entrepreneurship Monitor (GEM) report for 2020/2021, local media reported.
The report was issued in cooperation with Prince Mohammad Bin Salman College of Business and Entrepreneurship (MBSC) and Babson Global Center for Entrepreneurial Leadership (BGCEL).
According to GEM’s report, 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 procedures. Also, the Kingdom ranked first in terms of providing good opportunities to start a business.
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