ABSTRACT
This chapter demonstrates an understanding of the natures of entrepreneurial activities in Gulf Cooperation Council (GCC) economies. The six GCC member states—Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE)—have demonstrated an increasingly strong interest in entrepreneurial activities. To start with, there is no equivalent word for "entrepreneurship" in Arabic. Unsurprisingly GCC economies lack essential ingredients for the creation of an effective ecosystem for entrepreneurship and innovations. Startup mentoring programs such as accelerators and incubators and community-based infrastructures such as coworking spaces are rapidly emerging in the region. GCC economies have made progress in bankruptcy-related policy issues. For instance, the UAE's new bankruptcy law enacted in 2016 offers several paths to help companies facing financial difficulties.
