Sustainability of Local SME Engineering Firms in Saudi Arabia
Keywords:
Saudi Arabia, sustainability, SMEs Engineering Firms, Digital TransformationAbstract
Recent years have witnessed more and more companies that integrate sustainability practices in their daily operations and activities, and to enhance these efforts and achieve sustainable development, it has become necessary for small and medium -sized startups also to participate in the sustainability process.
In light of the Kingdom's tendency to digital transformation, and its advantages in raising efficiency in work, productivity and flexibility in the application of technology services, small and medium companies face the challenge of adapting to digital transformation and the fulfillment of governance requirements, and we specify here by mentioning engineering offices, and the problems they face in the labor market, how economic variables, stagflation and financial crises affect the economic situation of these small and medium -sized companies in light of the laws and regulations that govern engineering offices in the Kingdom.
In line with these goals, companies of all sizes align their efforts with the most sustainable development goals related to their business while identifying areas where they can achieve positive returns. In addition, companies committed to the implementation of sustainable practices have greater opportunities to attract investors looking for opportunities that take into account the social dimensions of sustainable development, and customers who demand more transparency regarding the disclosure of their sustainability efforts.
This paper aims to investigate the Ranking and Impact of factors: (Leadership, Entrepreneurship, Laws and Regulations, Organization Culture and Technology) on the Sustainability of local SME Engineering Firms in Saudi Arabia. The results showed that the ranking of the Leadership factor occupies the largest percentage in terms of importance followed by Entrepreneurship and Laws and Regulation then Organization Culture and lastly is Technology, as for the impact leadership factor and technology have the highest positive percentage of 92%, followed by Entrepreneurship with 78%, Organizational culture 68%, while Laws and Regulations had a 62% negative impact.
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