THE ROLE OF GOVERNMENT IN DEVELOPING STARTUPS IN SAUDI ARABIA

Abstract

Small and medium enterprises (SMEs) are essential for the economic stability of the country. This study aimed to assess the awareness of role of government in developing start up in Saudi Arabia. The study used questionnaire with 10 multiple choices and included 90 respondents living in Jeddah city. The questionnaire was answered electronically through social media. The study found that there was low prevalence of small business in Saudi Arabia included there was a lack of the ability to start the own small business for the majority. Hence, the SMEs need training courses to instruct in starting their own business. In addition, the government did not have a major role in guiding young people in starting their own business. However, there was affinity of government to develop the small business because there are not many legal difficulties faced by the people if anyone wants to start their own business. The government has to work hard to encourage more private business, especially among young people and work to provide moral and financial support for them.