Find a Cofounder in Saudi Arabia
Saudi Arabia is home to over 2,704,500 aspiring entrepreneurs. Join 10,000+ founders already on CoffeeSpace, be among the first 50 joining in Saudi Arabia and start your founder journey today!
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Entrepreneurship in Saudi Arabia
The entrepreneurship environment in Saudi Arabia is rapidly evolving, with initiatives and policies implemented to foster innovation, creativity and economic diversification. The Kingdom's Vision 2030 reform plan, for instance, encourages entrepreneurship and supports the growth of small and medium-sized enterprises (SMEs), thereby creating a conducive environment for startups. Innovation is a key component of this ecosystem, with several incubators, accelerators, and innovation hubs being established to nurture ideas and transform them into viable businesses. The government, along with private entities, is also investing heavily in technology and digital transformation, further bolstering the innovation landscape. Access to funding is another critical factor shaping entrepreneurship in Saudi Arabia. The country's robust financial sector, coupled with government initiatives, provides ample funding opportunities for startups. The Saudi Arabian General Investment Authority (SAGIA), for example, offers various incentives for entrepreneurs, including financial grants and loans. Moreover, the presence of venture capital firms and angel investors has also grown significantly, providing much-needed capital for nascent businesses. With a supportive regulatory framework, a growing talent pool, and an increasing number of funding avenues, the startup ecosystem in Saudi Arabia is poised for growth.
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Saudi Arabia founders in numbers
The entrepreneurship environment in Saudi Arabia is dynamic and thriving with over 2,704,500 entrepreneurs across various sectors. The area is especially buzzing with activity in the AI, SaaS, and FinTech industries, with noteworthy companies like aramco, Saudi Aramco, and Microtech Software Solutions leading the pack. In our CoffeeSpace community alone, we have 38 active users from Saudi Arabia who are contributing to this vibrant entrepreneurial ecosystem. Many of these entrepreneurs have impressive educational backgrounds, with degrees from top universities such as the Harvard Business School Online, King Saud University, and King Fahd University of Petroleum & Minerals - KFUPM. Join our community and connect with Saudi Arabia's brightest minds in entrepreneurship.
The median age of CoffeeSpace founders in Saudi Arabia is 32, while the average is 33.71.
A majority (53%) of CoffeeSpace founders in Saudi Arabia are non-technical (Product, S/M, Financial, Operations), while (47%) are technical (Engineering, AI/ML).
A majority (63%) of CoffeeSpace founders in Saudi Arabia, are exploring startup ideas, while 37% are committed to an idea.
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Explore the alma maters of CoffeeSpace founders based in Saudi Arabia.
Discover the companies that CoffeeSpace founders in Saudi Arabia have previously worked for.