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Navigating Market Entry in Saudi Arabia A Tech Startup’s Journey

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OVERVIEW

The sweltering heat of Riyadh was an ever-present reminder of the challenges that lay ahead for Ahmed Al-Faisal, the CEO of InnovTech. Gazing out over the sprawling metropolis from his office window, he couldn’t help but feel a sense of anticipation mixed with apprehension. InnovTech, the tech startup he had nurtured from its inception in Dubai, was poised for its most ambitious venture yet: entering the Saudi Arabian market.

Founded in 2018, InnovTech had quickly established itself as a leader in AI-driven supply chain solutions, revolutionizing how businesses managed their inventory and logistics. The company’s success in the UAE was undeniable, with a client roster that included some of the region’s largest logistics providers. But Saudi Arabia, with its vast market and ambitious Vision 2030 reforms, represented both a tremendous opportunity and a formidable challenge.

UN SDGs:

DG 8: Decent Work and Economic Growth, SDG 9: Industry, Innovation, and Infrastructure, SDG 17: Partnerships for the Goals

Description

LEARNING OBJECTIVES

  1. Understand the strategic considerations for market entry into a new geographical region, particularly within the MENA region.
  2. Evaluate the advantages and disadvantages of different market entry strategies, including joint ventures and wholly-owned subsidiaries.
  3. Assess the impact of local regulations, cultural nuances, and competitive landscape on business decisions.
  4. Explore the role of partnerships and local expertise in mitigating risks and accelerating market entry.
  5. Develop critical thinking skills in decision-making under complex and uncertain business environments.

 

ADDITIONAL REFERENCES/READINGS BY THE AUTHOR