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    • Middle East Journal of Entrepreneurship, Leadership and Sustainable Development, Volume 1, Issue 1 (2017)
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    Cultivating a sustainable ecosystem for entrepreneurship for national transformation: Saudi Aramco Entrepreneurship Center

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    Type
    Article
    Author
    Khan, Rashid
    Al-Akkad, Jamal
    Al-Khursani, Sami A
    Date
    2017
    
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    Abstract
    The purpose of this paper is to apprise the readers of the initiatives of Saudi Aramco in entrepreneurship development and growth in the country. Saudi Aramco Entrepreneurship Center (SAEC) was launched in 2011 with an objective to develop local enterprises in the Kingdom of Saudi Arabia (KSA) by encouraging aspiring entrepreneurs to establish or expand Small and Medium-Sized Enterprises (SMEs), to support existing SMEs, and to cultivate a sustainable entrepreneurial ecosystem. Aligned with the mission, the centre focuses on the following Support: Start-ups, Financial, Growth and Ecosystem Development. In addition, ‘Aramco Entrepreneurship Ventures (AEV)’ was created to support local venturing. Business Incubation was initiated to complement the financial support programs. Despite its relatively short life span, the centre achieved remarkable achievements ] nearly 50 new start-up businesses by various initiatives, training for over 2000 potential entrepreneurs, and offer of hundreds of educational sessions throughout the KSA, just to name a few.
    Journal title
    Middle East Journal of Entrepreneurship, Leadership and Sustainable Development
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    Middle East Journal of Entrepreneurship, Leadership and Sustainable Development, Volume 1, Issue 1 (2017)

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