20230331_Nour Knowledge Center_Exec Summary_V04

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Despite multiple programs and significant progress, challenges remain in the entrepreneurial support ecosystem in KSA

Pressing challenges in the entrepreneurial support ecosystem

Regulations

Financing

Information, and capabilities

Business support & development

Non-Exhaustive

 Insufficient ability of MSME ecosystem to support knowledge development  Challenges in access to know-how and capabilities

 Relatively high

 Limited sources and availability of funds for MSMEs  Limited Private sector funding to MSMEs  Not fully activated certain key sources of funding for MSMEs

 Limited tangible business development support from incubators and accelerators to MSMEs

Government fees and taxes (and increasing)  Cumbersome licensing processes

Source: Expert interviews, desk research, Kearney

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