Real Estate Entrepreneurship in Saudi Arabia - Research Paper Example

The paper "Real Estate Entrepreneurship in Saudi Arabia" is a perfect example of a business research paper. Real Estates have become one of the most profitable sectors of investment that is attracting the majority of entrepreneurs to invest in this sector. Due to globalization and the increasing number of people especially in urban countries, real estate investment is becoming a growing concern for many countries. Among the countries, Saudi Arabia provides a wide range of opportunities and scope for the investors to invest in the real estate of the country (BTI, 2015).

However, the existing environment of the country and the entrepreneurship policies of Saudi Arabia help in promoting entrepreneurship, which attracts people to invest in this sector. One of the major characteristics of the policies is that there are no strict measures and regulations, which would restrict the interested entrepreneurs to enter the real estate business. Saudi Arabia is at the top of all the Arabian countries with respect to the regulatory reforms that are associated with entrepreneurship (UNESCO, 2015).

According to a report, it has been found that the country ranks 13th all over the world in context to the ease of conducting business as well as ranks first all over Arabia. Moreover, the lower rate of tax structure implemented by the Saudi Arabian government allows various sections of businesspeople of the country in conducting their business operations easily and earn a higher profit margin. However, during the past few years, the country has been experiencing significant development in the real estate sector of the country that ultimately leads to the economic development of the country.

The new law of foreign investment enacted by the Government of Saudi Arabia as well as the privatization of public companies, has encouraged more investments in the country in recent years (Obaji & Olugu, 2014). Moreover, the expansion of the real estate business in the country has created employment opportunities for various sections of people of the country. Mainly lower and the working-class people of Saudi Arabia get the opportunity to work in the construction site of the real estates and thus it helps in the upliftment of the lower section of the society.