One of the major features of Vision 2030 is a major source of income from business activities. This aim can be achieved through the establishment of business ventures. This chapter investigates the effect of entrepreneurship education in universities on graduates. Previously, sustainability within an entrepreneurship context has been related to economic viability as opposed to sustainability in its broadest sense. Through a survey research method, we have highlighted the effects of entrepreneurship education and two intervening variables on three important outcomes: innovation, need for achievement, and motivation, which ultimately contribute towards sustainable development. The data have been collected from the students of well-known universities (King Saud University and King Abdullah University). The responses of 623 students have been utilized for analysis. For hypotheses testing, we used SPSS 20. The study revealed that there exists a perfect mediation effect of commitment and challenge on the outcome variables, which can lead to the achievement of Vision 2030. There is a strong need to develop critical thinking skills among students, as students with a high need for cognition are more committed. The study provides novel insight into entrepreneurship education and serves as an initial benchmark in the field.