Name: Abdulaziz Hawsawi Professor: Micheline Al-Harrack Course: Business Statistic Date: 12/7/2018Critique In this assignment I was going to choose any business activity but when I thought about Saudi Arabia’s vision in economic I thought I should write about it and it will be more interesting to me and hopefully to you professor. About the Author: His name is Yusuf Al-Etaibi, Yusuf from Jeddah City in Saudi Arabia and he is Saudi originally. He did his degree in King Abdulaziz University located in Jamia Street, Jeddah-21551, Saudi Arabia. His major is in Economics and Administration. He graduate from the same university King Abdulaziz University in 2016. Background: The author is talking mostly about “Entrepreneurship” and how their population is increasing in Saudi Arabia. Over time and they are one of the people who is controlling the economy in Saudi Arabia, in fact, they are controlling it everywhere. "In Saudi Arabia, entrepreneurship is one of the key factors that contribute to the balanced and rapid growth of the country’s economy". The author also points out the “Economist” who is an integral part from the entrepreneurship who are controlling the market. The Economist is a big part in each country that nobody can give up on them. Economist as well as an active role in each region, and since the 1960s in another word after World War II people or governments start to relies on economic to improve themselves or beat the enemy. Politicians also could impact the economy of a country, and their impact could be negative or positive either way. Entrepreneurship, Economics together, and Politicians can increase the country’s economic up or bring the country’s economy down, it depends. Entrepreneurs such as Kayed and Hassan argue that there are many entrepreneurs in the country (Saudi Arabia), but In the past, entrepreneurship is rarely practiced in Saudi Arabia due to the disapproving environment and lack of business skills between the citizens. Nevertheless, following the introduction of entrepreneurial training programs and application of favorable policies by the government, the image of Saudi Arabia has transformed drastically in respect of free enterprise. Now the economic growth rate of the country has increased significantly due to a large number of businesspersons that have appeared, especially in the field of technology. Нe eوٴort of the Saudi government towards entrepreneurial motivation and development has yielded a positive impact on the country’s economy. So, Kayed and Hassan argue or believe that because of the environment that is favorable for entrepreneurship, Saudi Arabia currently has a considerable number of a new breed of entrepreneurs that is gradually shaping the country’s economic landscape. The author believes that these devoted male and female entrepreneurs are ‘pushing the envelope’ in their communities and challenging old estimations concerning risk aversion and value creation in the Arab and middle east ...

1. Name: Abdulaziz Hawsawi
Professor: Micheline Al-Harrack
Course: Business Statistic
Date: 12/7/2018Critique
In this assignment I was going to choose any business activity
but when I thought about Saudi Arabia’s vision in economic I
thought I should write about it and it will be more interesting to
me and hopefully to you professor.
About the Author:
His name is Yusuf Al-Etaibi, Yusuf from Jeddah City in Saudi
Arabia and he is Saudi originally. He did his degree in King
Abdulaziz University located in Jamia Street, Jeddah-21551,
Saudi Arabia. His major is in Economics and Administration.
He graduate from the same university King Abdulaziz
University in 2016.
Background:
The author is talking mostly about “Entrepreneurship” and how
their population is increasing in Saudi Arabia. Over time and
they are one of the people who is controlling the economy in
Saudi Arabia, in fact, they are controlling it everywhere. "In
Saudi Arabia, entrepreneurship is one of the key factors that
contribute to the balanced and rapid growth of the country’s
economy". The author also points out the “Economist” who is
an integral part from the entrepreneurship who are controlling
the market. The Economist is a big part in each country that
nobody can give up on them. Economist as well as an active
role in each region, and since the 1960s in another word after
World War II people or governments start to relies on economic
to improve themselves or beat the enemy. Politicians also could

2. impact the economy of a country, and their impact could be
negative or positive either way. Entrepreneurship, Economics
together, and Politicians can increase the country’s economic up
or bring the country’s economy down, it depends.
Entrepreneurs such as Kayed and Hassan argue that there are
many entrepreneurs in the country (Saudi Arabia), but In the
past, entrepreneurship is rarely practiced in Saudi Arabia due to
the disapproving environment and lack of business skills
between the citizens. Nevertheless, following the introduction
of entrepreneurial training programs and application of
favorable policies by the government, the image of Saudi Arabia
has transformed drastically in respect of free enterprise. Now
the economic growth rate of the country has increased
significantly due to a large number of businesspersons that have
appeared, especially in the field of technology. Нe e‫ٴو‬ort of the
Saudi government towards entrepreneurial motivation and
development has yielded a positive impact on the country’s
economy. So, Kayed and Hassan argue or believe that because
of the environment that is favorable for entrepreneurship, Saudi
Arabia currently has a considerable number of a new breed of
entrepreneurs that is gradually shaping the country’s economic
landscape. The author believes that these devoted male and
female entrepreneurs are ‘pushing the envelope’ in their
communities and challenging old estimations concerning risk
aversion and value creation in the Arab and middle easterners
world.
The ministry of labor, upon understanding this, started
numerous programs to support young businesspersons who were
eager to start a business in country areas. A good example is the
industrialist development program, which seeks to identify
young talents and counsellor them on matters to do with free
enterprise and economics. As a result, there has been a
redistribution of wealth and resources across the country, hence
creating some economic balance, though this is still a work-in-

3. progress. In an offer to grow the role played by free enterprise
in shaping the economy of a state, the ensuing discussion
attempts to pursue the practicability side of it. To understand
the role of entrepreneurship in economic development fully, it
is prudent to ponder it in light of dependent and independent
variables. One way in which free enterprise subsidizes to the
economy of a country is, rather visibly, through the formation
of job opportunities.
In many cases, the economic well-being of a country is
measured by the rates of employment. In Saudi Arabia, the
situation is not di‫ٴو‬erent. Нroughout the years, entrepreneurship
has played a crucial role in molding the country’s economy, a
factor which has led it to be rated between the fastest growing
economies in the world.
Hypotheses Tested

4. Figure 1:
The author said that his feelings are shared by the Chief
Department of Statistics and Information, which, in 2013,
produced a statement to the effect that the unemployment rate
stick up at 5.5%. Нat was a decrease in the unemployment rates,
compared to 6.3% in 2006. Successful by the statistics showing
at the national level, consequently, there is no doubt as to the
role played by entrepreneurship in job making in Saudi Arabia.
Нe growth witnessed in the private sector has seen many
individuals, especially young adults, finding means of earning a
living, as illustrated in Figure 1.
Figure 2:
Entrepreneurship has also played a important role in Saudi
Arabia’s gross National Product (GDP) growth rate. As
economics command, the growth of a country is measured by its
GDP in one year. Only put, GDP is the collective Worth of the
last goods and services produced in a country within a period of
one year. GDP, so, reproduces the economic status of a region,
since it shows how rich or poor a country is at a exact time. In
the last insufficient years, there has been reliable GDP growth
rate in Saudi Arabia, leaving no hesitation that the country’s
output is unceasingly on the rise, as shown in the Figure 2.
Conclusing:
As I am from Saudi Arabia and studying mostly Business
Major, also the employee thing it is been an issue since long
time ago in Saudi Arabia. I came across this article and I quite
liked it, so, I decided to write about it. As we saw in the article
above that many figures showing increasing in unemployments
in figure 1 showing that the enemployments will find jobs or
more likely will do find jobs. In figure 2 shows that increasing
in the GDP of Saudi Arabia, these two are linked to each other
in somehow. The more entrepreneurs Saudi Arabia will have the
more jobs will offers, the more work will be in the country, the
more GDP will increase as well. Is a big circle that linked to

5. each other to improve each other.
I did not talked about figures 3 & 4 because they are focusing
more in oil which is now oil in Saudi Arabia is become an old
fashioned, I just have here them to show that Saudi Arabia did
not stop export oil or working on it but they thought if they
start to work on the other sides that they can benefit the country
and their people at the same time it would be great for both
side, the country and the citizens. The new Saudi Arabia is more
Businesses and entrepreneurs. That why I was more focusing on
business side on the country as the government will help the
new entrepreneurs to grow the country will grow as well, and
this is how business work.

6. References:
M. Sadiq Sohail (2015) Marketing strategy, related factors and
performance of firms across Saudi Arabia
https://www.researchgate.net/publication/247834797_Marketing
_strategy_related_factors_and_performance_of_firms_across_Sa
udi_Arabia/download
Albanawi, Y (2016) The role of Entrepreneurship in Economic
Development in Saudi Arabia. Business and Economics Journal
https://www.omicsonline.org/open-access/the-role-of-
entrepreneurship-in-economic-development-in-saudi-arabia-
2151-6219-1000204.pdf
Name: Abdulaziz Hawsawi
Professor: Micheline Al-Harrack
Course: Business Statistic
Date: 12/7/2018Critique
In this assignment I was going to choose any business activity
but when I thought about Saudi Arabia’s vision in economic I
thought I should write about it and it will be more interesting to

7. me and hopefully to you professor.
About the Author:
His name is Yusuf Al-Etaibi, Yusuf from Jeddah City in Saudi
Arabia and he is Saudi originally. He did his degree in King
Abdulaziz University located in Jamia Street, Jeddah-21551,
Saudi Arabia. His major is in Economics and Administration.
He graduate from the same university King Abdulaziz
University in 2016.
Background:
The author is talking mostly about “Entrepreneurship” and how
their population is increasing in Saudi Arabia. Over time and
they are one of the people who is controlling the economy in
Saudi Arabia, in fact, they are controlling it everywhere. "In
Saudi Arabia, entrepreneurship is one of the key factors that
contribute to the balanced and rapid growth of the country’s
economy". The author also points out the “Economist” who is
an integral part from the entrepreneurship who are controlling
the market. The Economist is a big part in each country that
nobody can give up on them. Economist as well as an active
role in each region, and since the 1960s in another word after
World War II people or governments start to relies on economic
to improve themselves or beat the enemy. Politicians also could
impact the economy of a country, and their impact could be
negative or positive either way. Entrepreneurship, Economics
together, and Politicians can increase the country’s economic up
or bring the country’s economy down, it depends.
Entrepreneurs such as Kayed and Hassan argue that there are
many entrepreneurs in the country (Saudi Arabia), but In the
past, entrepreneurship is rarely practiced in Saudi Arabia due to
the disapproving environment and lack of business skills
between the citizens. Nevertheless, following the introduction
of entrepreneurial training programs and application of

8. favorable policies by the government, the image of Saudi Arabia
has transformed drastically in respect of free enterprise. Now
the economic growth rate of the country has increased
significantly due to a large number of businesspersons that have
appeared, especially in the field of technology. Нe e‫ٴو‬ort of the
Saudi government towards entrepreneurial motivation and
development has yielded a positive impact on the country’s
economy. So, Kayed and Hassan argue or believe that because
of the environment that is favorable for entrepreneurship, Saudi
Arabia currently has a considerable number of a new breed of
entrepreneurs that is gradually shaping the country’s economic
landscape. The author believes that these devoted male and
female entrepreneurs are ‘pushing the envelope’ in their
communities and challenging old estimations concerning risk
aversion and value creation in the Arab and middle easterners
world.
The ministry of labor, upon understanding this, started
numerous programs to support young businesspersons who were
eager to start a business in country areas. A good example is the
industrialist development program, which seeks to identify
young talents and counsellor them on matters to do with free
enterprise and economics. As a result, there has been a
redistribution of wealth and resources across the country, hence
creating some economic balance, though this is still a work-in-
progress. In an offer to grow the role played by free enterprise
in shaping the economy of a state, the ensuing discussion
attempts to pursue the practicability side of it. To understand
the role of entrepreneurship in economic development fully, it
is prudent to ponder it in light of dependent and independent
variables. One way in which free enterprise subsidizes to the
economy of a country is, rather visibly, through the formation
of job opportunities.
In many cases, the economic well-being of a country is
measured by the rates of employment. In Saudi Arabia, the
situation is not di‫ٴو‬erent. Нroughout the years, entrepreneurship

9. has played a crucial role in molding the country’s economy, a
factor which has led it to be rated between the fastest growing
economies in the world.
Hypotheses Tested
Figure 1:
The author said that his feelings are shared by the Chief
Department of Statistics and Information, which, in 2013,
produced a statement to the effect that the unemployment rate
stick up at 5.5%. Нat was a decrease in the unemployment rates,
compared to 6.3% in 2006. Successful by the statistics showing
at the national level, consequently, there is no doubt as to the
role played by entrepreneurship in job making in Saudi Arabia.
Нe growth witnessed in the private sector has seen many
individuals, especially young adults, finding means of earning a
living, as illustrated in Figure 1.

10. Figure 2:
Entrepreneurship has also played a important role in Saudi
Arabia’s gross National Product (GDP) growth rate. As
economics command, the growth of a country is measured by its
GDP in one year. Only put, GDP is the collective Worth of the
last goods and services produced in a country within a period of
one year. GDP, so, reproduces the economic status of a region,
since it shows how rich or poor a country is at a exact time. In
the last insufficient years, there has been reliable GDP growth
rate in Saudi Arabia, leaving no hesitation that the country’s
output is unceasingly on the rise, as shown in the Figure 2.
Conclusing:
As I am from Saudi Arabia and studying mostly Business
Major, also the employee thing it is been an issue since long
time ago in Saudi Arabia. I came across this article and I quite
liked it, so, I decided to write about it. As we saw in the article
above that many figures showing increasing in unemployments
in figure 1 showing that the enemployments will find jobs or
more likely will do find jobs. In figure 2 shows that increasing
in the GDP of Saudi Arabia, these two are linked to each other
in somehow. The more entrepreneurs Saudi Arabia will have the
more jobs will offers, the more work will be in the country, the
more GDP will increase as well. Is a big circle that linked to
each other to improve each other.
I did not talked about figures 3 & 4 because they are focusing
more in oil which is now oil in Saudi Arabia is become an old
fashioned, I just have here them to show that Saudi Arabia did
not stop export oil or working on it but they thought if they
start to work on the other sides that they can benefit the country
and their people at the same time it would be great for both
side, the country and the citizens. The new Saudi Arabia is more
Businesses and entrepreneurs. That why I was more focusing on
business side on the country as the government will help the
new entrepreneurs to grow the country will grow as well, and

11. this is how business work.

12. References:
M. Sadiq Sohail (2015) Marketing strategy, related factors and
performance of firms across Saudi Arabia
https://www.researchgate.net/publication/247834797_Marketing
_strategy_related_factors_and_performance_of_firms_across_Sa
udi_Arabia/download
Albanawi, Y (2016) The role of Entrepreneurship in Economic
Development in Saudi Arabia. Business and Economics Journal
https://www.omicsonline.org/open-access/the-role-of-
entrepreneurship-in-economic-development-in-saudi-arabia-
2151-6219-1000204.pdf
Name: Abdulaziz Hawsawi
Professor: Micheline Al-Harrack
Course: Business Statistic
Date: 12/7/2018Critique
In this assignment I was going to choose any business activity
but when I thought about Saudi Arabia’s vision in economic I
thought I should write about it and it will be more interesting to
me and hopefully to you professor.
About the Author:
His name is Yusuf Al-Etaibi, Yusuf from Jeddah City in Saudi
Arabia and he is Saudi originally. He did his degree in King
Abdulaziz University located in Jamia Street, Jeddah-21551,
Saudi Arabia. His major is in Economics and Administration.
He graduate from the same university King Abdulaziz
University in 2016.
Background:

13. The author is talking mostly about “Entrepreneurship” and how
their population is increasing in Saudi Arabia. Over time and
they are one of the people who is controlling the economy in
Saudi Arabia, in fact, they are controlling it everywhere. "In
Saudi Arabia, entrepreneurship is one of the key factors that
contribute to the balanced and rapid growth of the country’s
economy". The author also points out the “Economist” who is
an integral part from the entrepreneurship who are controlling
the market. The Economist is a big part in each country that
nobody can give up on them. Economist as well as an active
role in each region, and since the 1960s in another word after
World War II people or governments start to relies on economic
to improve themselves or beat the enemy. Politicians also could
impact the economy of a country, and their impact could be
negative or positive either way. Entrepreneurship, Economics
together, and Politicians can increase the country’s economic up
or bring the country’s economy down, it depends.
Entrepreneurs such as Kayed and Hassan argue that there are
many entrepreneurs in the country (Saudi Arabia), but In the
past, entrepreneurship is rarely practiced in Saudi Arabia due to
the disapproving environment and lack of business skills
between the citizens. Nevertheless, following the introduction
of entrepreneurial training programs and application of
favorable policies by the government, the image of Saudi Arabia
has transformed drastically in respect of free enterprise. Now
the economic growth rate of the country has increased
significantly due to a large number of businesspersons that have
appeared, especially in the field of technology. Нe e‫ٴو‬ort of the
Saudi government towards entrepreneurial motivation and
development has yielded a positive impact on the country’s
economy. So, Kayed and Hassan argue or believe that because
of the environment that is favorable for entrepreneurship, Saudi
Arabia currently has a considerable number of a new breed of
entrepreneurs that is gradually shaping the country’s economic

14. landscape. The author believes that these devoted male and
female entrepreneurs are ‘pushing the envelope’ in their
communities and challenging old estimations concerning risk
aversion and value creation in the Arab and middle easterners
world.
The ministry of labor, upon understanding this, started
numerous programs to support young businesspersons who were
eager to start a business in country areas. A good example is the
industrialist development program, which seeks to identify
young talents and counsellor them on matters to do with free
enterprise and economics. As a result, there has been a
redistribution of wealth and resources across the country, hence
creating some economic balance, though this is still a work-in-
progress. In an offer to grow the role played by free enterprise
in shaping the economy of a state, the ensuing discussion
attempts to pursue the practicability side of it. To understand
the role of entrepreneurship in economic development fully, it
is prudent to ponder it in light of dependent and independent
variables. One way in which free enterprise subsidizes to the
economy of a country is, rather visibly, through the formation
of job opportunities.
In many cases, the economic well-being of a country is
measured by the rates of employment. In Saudi Arabia, the
situation is not di‫ٴو‬erent. Нroughout the years, entrepreneurship
has played a crucial role in molding the country’s economy, a
factor which has led it to be rated between the fastest growing
economies in the world.

15. Hypotheses Tested
Figure 1:
The author said that his feelings are shared by the Chief
Department of Statistics and Information, which, in 2013,
produced a statement to the effect that the unemployment rate
stick up at 5.5%. Нat was a decrease in the unemployment rates,
compared to 6.3% in 2006. Successful by the statistics showing
at the national level, consequently, there is no doubt as to the
role played by entrepreneurship in job making in Saudi Arabia.
Нe growth witnessed in the private sector has seen many
individuals, especially young adults, finding means of earning a
living, as illustrated in Figure 1.
Figure 2:
Entrepreneurship has also played a important role in Saudi
Arabia’s gross National Product (GDP) growth rate. As
economics command, the growth of a country is measured by its
GDP in one year. Only put, GDP is the collective Worth of the
last goods and services produced in a country within a period of
one year. GDP, so, reproduces the economic status of a region,
since it shows how rich or poor a country is at a exact time. In
the last insufficient years, there has been reliable GDP growth
rate in Saudi Arabia, leaving no hesitation that the country’s

16. output is unceasingly on the rise, as shown in the Figure 2.
Conclusing:
As I am from Saudi Arabia and studying mostly Business
Major, also the employee thing it is been an issue since long
time ago in Saudi Arabia. I came across this article and I quite
liked it, so, I decided to write about it. As we saw in the article
above that many figures showing increasing in unemployments
in figure 1 showing that the enemployments will find jobs or
more likely will do find jobs. In figure 2 shows that increasing
in the GDP of Saudi Arabia, these two are linked to each other
in somehow. The more entrepreneurs Saudi Arabia will have the
more jobs will offers, the more work will be in the country, the
more GDP will increase as well. Is a big circle that linked to
each other to improve each other.
I did not talked about figures 3 & 4 because they are focusing
more in oil which is now oil in Saudi Arabia is become an old
fashioned, I just have here them to show that Saudi Arabia did
not stop export oil or working on it but they thought if they
start to work on the other sides that they can benefit the country
and their people at the same time it would be great for both
side, the country and the citizens. The new Saudi Arabia is more
Businesses and entrepreneurs. That why I was more focusing on
business side on the country as the government will help the
new entrepreneurs to grow the country will grow as well, and
this is how business work.

17. References:
M. Sadiq Sohail (2015) Marketing strategy, related factors and
performance of firms across Saudi Arabia
https://www.researchgate.net/publication/247834797_Marketing
_strategy_related_factors_and_performance_of_firms_across_Sa
udi_Arabia/download
Albanawi, Y (2016) The role of Entrepreneurship in Economic
Development in Saudi Arabia. Business and Economics Journal
https://www.omicsonline.org/open-access/the-role-of-

18. entrepreneurship-in-economic-development-in-saudi-arabia-
2151-6219-1000204.pdf