PROFESSIONAL GOALS AND ENTREPRENEURSHIP

Tackling unemployment will require a coordinated set of actions across the public and private sectors. Since the job creation rate has failed to match the rate of youth population growth, entrepreneurship can be seen as a possible solution to address the Saudi’s issues with youth unemployment. In a virtuous cycle, successful and innovative entrepreneurs can create wealth from their ventures and contribute to create more jobs and put the conditions for a more prosperous society 41 .

The Youth CPI Survey findings show that on average over 83% of youth across Saudi cities have not been involved in any entrepreneurial activities. This can also be explained by the fact that more than 85% of youth do not have access to loans from financial institutions, while out of the 15% who applied for loans, only 6.2% are using it for business development purposes.

KSCLG Social Media Study outcomes present the needs for job of nearly half of the participants in order to be able to achieve their professional goals. While 17% of women from different age groups identified career development as a primary condition for their professional achievements, 20% of young men put selfdevelopment as a primary condition, followed by career development expressed by 16% of young men. Fifteen percent of women from different age groups expressed the need for a job in order to achieve their professional goals in comparison to 11% of young men. Additionally, 13% of women stated that they need a better transportation system in order to realize their professional goals.