Saudi Arabia showed significant progress with a score increase from 5.0 in 2019 to 6.3 in both 2022 and 2023.

This progress was attributed to the country's successful economy diversification and supportive entrepreneurship climate.

Notably, there was an increase in female entrepreneurship, with eight women starting businesses for every 10 men in 2023.

The text discusses the findings of a report on entrepreneurship in Saudi Arabia and the UAE.

Both countries have a high number of adults who recognize business opportunities, perceive ease in starting a business, and believe they have the necessary skills.

However, there is a significant fear of failure among Saudi entrepreneurs.

In addition, a large percentage of entrepreneurs in Saudi Arabia plan to use digital technologies and focus on minimizing environmental impacts and maximizing social impacts.

The UAE had the highest National Entrepreneurship Context Index score of 7.7 in the report's history.

The report ranks the UAE as the top destination for starting and conducting new businesses, surpassing many advanced economies.

It also ranks third globally in terms of physical infrastructure.

The UAE has made significant progress in entrepreneurship education, focusing on skills like creative thinking, problem solving, opportunity recognition, and risk assessment.

The country ranks among the top five out of 49 in this area.