Details

Business and Entrepreneurship in Saudi Arabia

Opportunities for Partnering and Investing in Emerging Businesses
Wiley Finance 1. Aufl.

von: Edward Burton
50,99 €
Verlag:	Wiley
Format:	PDF
Veröffentl.:	08.09.2016
ISBN/EAN:	9781119296188
Sprache:	englisch
Anzahl Seiten:	264

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Beschreibungen

Titelbeschreibung

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

Inhaltsverzeichnis

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

Autorenportrait

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.

Back cover copy

The Keys to Doing Business in the Kingdom Business and Entrepreneurship in Saudi Arabia is the new, essential reference guide for anyone looking to do business and invest in Saudi Arabia. Supported by the U.S.-Saudi Arabian Business Council, this groundbreaking resource is your primer and insider's guide to the booming economy earning the world's attention and the numerous strategic opportunities now available to sharp leaders and investors who know how to operate in the Kingdom. Get to know the names of the major players, the political and economic histories, and the actionable approaches to smoothly operate under often confusing and complicated conditions. This single resource is all you need to: <ul> <li>Understand the challenges and needs of young Saudi entrepreneurs in their own words</li> <li>Examine how global competitiveness and technology are redefining business</li> <li>Apply the useful tools and covered concepts in the real world</li> </ul> Unlock the fresh landscape of prospects in one of the world's youngest and wealthiest countries with Business and Entrepreneurship in Saudi Arabia.