The Kingdom of Saudi Arabia has begun to undergo major changes across the board at a fast pace. These changes have been economical as well as social, and coincide with the Kingdom’s belief in the capabilities of its youth to keep up with and contribute to these changes. The Kingdom itself has one of the highest percentages of youth, reaching 70% of the population; thus making them the main contributors to the local economic market. For this reason, the Kingdom has made it a priority to support its youth and help them to turn their ideas into products and services that help meet the demands of the local economic market.
Over time is has been proven that an economy based on knowledge and experience fuels modern economies, creativity and creates jobs. This is the starting point for one of the main strategic goals in building a strong economic system that contributes to increasing local produce by 35% in keeping with the 2030 vision.
Albaha has many economic components and investment opportunities especially in agriculture, tourism and mining. Despite its size, Albaha is considered the birth place of some of the best businessmen who have contributed to the Saudi economy over the last few decades. The launch of the 2030 vision has allotted entrepreneurship and small/medium businesses a valuable slot in the local economy, and in order for the role of these businessmen to continue the need for a center that supports entrepreneurship projects across Albaha has become a major priority and necessity. This is where the idea of establishing the entrepreneurship center came from, and for the University of Albaha to be its sponsor as it has the resources to help it achieve its goals