The Influence of Green Entrepreneurship on Sustainable Development in Saudi Arabia: The Role of Formal Institutions

Int J Environ Res Public Health. 2021 May 19;18(10):5433. doi: 10.3390/ijerph18105433.


This study explores the influence of green entrepreneurial activity on sustainable development, using institutional economics as a theoretical framework. Also, the role of entrepreneurship policy is analysed in the context of Saudi Arabia. Using information from the General Authority for Statistics from 13 Saudi Arabian cities, the main findings show that green entrepreneurship positively contributes to the economic, social, and environmental components of sustainable development during the period 2012-2017. These results demonstrate a measurable indication of sustainable development outcomes, whereby Saudi Arabian institutions align entrepreneurial activities with a positive triple bottom line effect. Accordingly, these findings contribute new evidence to justify government commitment to supporting green entrepreneurship in Saudi Arabia and encourage future domestic policies.

Keywords: Saudi Arabia; entrepreneurship policy; formal institutions; green entrepreneurship; sustainable development.

Publication types

  • Research Support, Non-U.S. Gov't

MeSH terms

  • Entrepreneurship*
  • Forecasting
  • Saudi Arabia
  • Sustainable Development*