The Kingdom of Saudi Arabia has announced its advanced rankings in the Global Entrepreneurship Monitor (GEM) report for the years 2025-2026, reflecting a highly competitive environment and enhancing its status as a global entrepreneurship hub. The Kingdom topped all high-income economies in the field of entrepreneurial financing, highlighting the efficiency of financial tools available for small and medium enterprises.
Additionally, Saudi Arabia ranked third globally in the National Entrepreneurship Context Index (NECI), solidifying its position as a distinguished destination for investment and entrepreneurial growth. Early-stage entrepreneurial activities have seen rapid growth, increasing from 12.1% in 2018 to 28.9% in 2025.
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The data also shows that entrepreneurial intentions among individuals have nearly doubled, rising from 26.8% to 48.5% during the same period. This growth also reflects the Kingdom's progress in the academic sector, where it jumped from 53 to seventh globally in university entrepreneurship.
These results emphasize the increasing role of educational institutions in supporting innovation and fostering an entrepreneurial culture, aligning with the goals of the Kingdom's Vision 2030. Reports also highlight the progress made in university entrepreneurship, with the Kingdom achieving seventh place globally in 2025, compared to 53 in 2018.
Background & Context
Historically, the Kingdom has sought to enhance the business environment through a series of economic and social reforms. The Vision 2030 initiative was launched as a strategic plan aimed at diversifying the Saudi economy and reducing dependence on oil. This vision includes promoting innovation and supporting entrepreneurship as a core part of sustainable economic growth.
These achievements are the result of integrated efforts among government entities such as the Small and Medium Enterprises General Authority (Monsha'at), the private sector, and academic institutions, contributing to the development of an advanced entrepreneurial environment that aligns with global best practices.
Impact & Consequences
These results indicate that Saudi Arabia is on the right path toward achieving its economic goals, enhancing individuals' confidence in the entrepreneurial environment. The presence of a strong financial and regulatory environment contributes to sustaining business growth and increasing competitiveness.
The National Entrepreneurship Context Index (NECI) is a key indicator within the GEM report, implemented in the Kingdom by the Prince Mohammed bin Salman College of Business and Entrepreneurship, in collaboration with the Small and Medium Enterprises General Authority. These partnerships reflect the Kingdom's commitment to developing an integrated entrepreneurial environment.
Regional Significance
These achievements serve as a model for other Arab countries, potentially inspiring similar efforts to enhance entrepreneurship and support innovation. Saudi Arabia's success in this field may contribute to strengthening regional cooperation and exchanging experiences among Arab nations.
In conclusion, these results reflect the Kingdom of Saudi Arabia's commitment to enhancing entrepreneurship and developing the business environment, contributing to achieving the goals of Vision 2030 and reinforcing its position as a global entrepreneurial hub.