Journal article
Venture capital challenges in Saudi Arabia


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Publication Details
Author list: Kamran Ahmed Siddiqui, Mohammad Emad Al-Shaikh, Ishtiaq Ahmed Bajwa, and Omar Alenzi
Publisher: Entrepreneurship and Sustainability Center
Publication year: 2021
Journal: Entrepreneurship and Sustainability Issues
Volume number: 8
Issue number: 3
Start page: 291
End page: 302
Number of pages: 12
ISSN: 2345-0282
Web of Science ID: 000620140400016
PubMed ID:
Scopus ID:
eISSN: 2345-0282


The purpose of this exploratory research is to highlight the major Venture Capital (VC) Challenges in Saudi Arabia. A survey
design using a questionnaire has been selected for this study. The respondents include entrepreneurs, investors, employees of VC firms,
investment bankers, and other relevant groups. They answered the questionnaire for their problems, challenges, and prospects about
venture capital in Saudi Arabia. A judgmental sample technique was employed to collect the data (N=122). Descriptive analysis using
mean comparisons show the top three VC challenges, including 'lack of government support for VC'; 'bureaucratic procedures related to
VC' and 'access to angel investors (funding without collateral).' Exploratory Factor Analyses show VC challenges can be grouped into six
broader factors, including ‘entrepreneurial ecosystem,’ ‘entrepreneurial culture’, ‘entrepreneurial attitudes’, ‘entrepreneurial mindset’,
‘entrepreneurial finance’, ‘entrepreneurial planning’. The research provides numerous recommendations to authorities and discusses the
need for further research.


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Last updated on 2021-08-04 at 14:36