Business and Entrepreneurship in Saudi Arabia

Opportunities for Partnering and Investing in Emerging Businesses

Inbunden, Engelska, 2016

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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 ArabiaLearn how the Saudi boom affects global businessDiscover what investors need to know about the Saudi economyExamine how time and technology is reshaping the way business is doneGain useful insight into the direction management of the Kingdom's growth will take over the next five yearsThe 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.

Produktinformation

Utgivningsdatum2016-11-08
Mått158 x 231 x 31 mm
Vikt454 g
FormatInbunden
SpråkEngelska
SerieWiley Finance
Antal sidor264
FörlagJohn Wiley & Sons Inc
ISBN9781118943960

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Finansiering inom Ekonomi och Ledarskap

EDWARD BURTON is CEO and president of the USSABC. He works with the American and Saudi public and private sectors to promote the interests of the U.S.-Saudi Arabian bilateral commercial relationship. Ed has counseled hundreds of Fortune 500 companies, as well as small- and middle-tier firms in such industries as construction, medical and pharmaceutical, defense and security, information technology, power and water, and technical services.

Preface ixAcknowledgments xxiAbout the Author xxiiIntroduction xxiiiCHAPTER 1 The Kingdom’s Modern Economy and Economic Might 1The Modern Saudi Economy and the National Development Plans 1The Private Sector’s Role in National Development and Non-Oil GDP 8So, How Has It All Worked Out? 9The Kingdom’s Path to Economic Diversification 17Notes 29CHAPTER 2 Innovation in Saudi Arabia: The Kingdom’s March Toward the Future 33Evaluating Innovation in Saudi Arabia: The Global Innovation Index and the Importance of International Market Engagement 33Innovation versus Invention 40Technological and Scientific Discovery in Saudi Arabia 42King Abdulaziz City for Science and Technology (KACST) 45King Abdullah University for Science and Technology (KAUST) 56Industrial Clusters Program (IC), SABIC, and Saudi Intellectual Property 62Notes 67CHAPTER 3 The Development of Family-Owned Businesses in Saudi Arabia 69Defining the Family-Owned Business (FOB) 69The Corporate versus Social Nature of the Saudi Family-Owned Business 74Corporate Succession within Saudi Family-Owned Business and New Generation Integration 81Management of Strategic Focus and the Importance of Corporate Governance 90Illustrations of Saudi Family-Owned Businesses 98Notes 116CHAPTER 4 Entrepreneurship in Saudi Arabia Today 120Defining "Entrepreneur" in Saudi Arabia 120Saudi Entrepreneurs—The Decision to Go into Business 130Mr. Saud Al-Suhaimi, CEO of Jawlah Tours 136Mr. Abdulrahman Al-Olayan, Businessman, Lecturer, Doctoral Candidate 142Bankruptcy in Saudi Arabia 150Notes 157CHAPTER 5 Exploring Saudi Entrepreneurism and Opportunities for Business 162Entrepreneurship as a Catalyst for Economic Growth—Saudi Realities 162Promotion and Support of Saudi Entrepreneurs and Small and Medium-Sized Businesses 168Endeavor Global Incorporated (Endeavor) and Endeavor Saudi Arabia 169The National Entrepreneurship Institute (RIYADAH) 178The Centennial Fund (TCF) 186Saudi Technology Development and Investment Company (TAQNIA) 192Notes 198CHAPTER 6 New Horizons for the Kingdom and for Its Domestic and Foreign Businesses 201A New Era in U.S.–Saudi Commercial Relations 201Saudi and American Goodwill and Right Intentions—A High-Level Discussion on U.S.–Saudi Bilateral CommercialRelationships 206New Fiscal Realities and Recurrent Development Themes 211Closing Thoughts 218Notes 220Index 223