Economic Security and Sustainability Through Social Entrepreneurship: The Current Saudi Scenario

Economic security of each country is determined by array of different factors. Some factors seem obvious and are measurable, while other factors, such as entrepreneurship and, especially social entrepreneurship, are tacit and hard to measure. Anyway, social entrepreneurship is accepted globally as a bridge between business and benevolence. It attempts to find solution to local sustainability issues that are normally not addressed by traditional organizations. The problems faced by the Middle East society in general and Saudi Arabia in particular is unique in nature. Most of such problems cannot be addressed by the Government or the traditional organisations. The utility of social entrepreneurship arises here. There are many social enterprises in Saudi Arabia that have succeeded in nurturing a band of new leaders who are attempting to enhance the region's global competitiveness, with a social touch. The present paper presents a few social entrepreneurs who have made their mark in Saudi society, and provides suggestions for nurturing and sustaining social entrepreneurships.