Abstract
This empirical study argues that the time is ripe for the commercial banks, non-profit microfinance organizations and venture capitalists to seek out initiatives to step up their efforts to serve small and medium enterprises (SMEs) in Saudi Arabia. The collapse and dependency exacerbate the sustainability of the SMEs on of oil prices in Saudi Arabia. This empirical study has taken to address the growth opportunities, challenges, and strategic options that hampered the sustainability and evolution of SMEs in Saudi Arabia. The researcher conducted twenty-one focus interviews with Saudi entrepreneurs to learn about the challenges and the impact of objectivity and correctness of initiatives to SMEs sustainability and growth. The study used the hermeneutic technique, to analyze the transcriptions of the recorded interviews, which employs a part-to-whole mode of interpretation. This method helped the researcher to understand the entrepreneur's view and put aside his assumptions about a situation or experience. The themes that surfaced from the twenty-one interviews; financial support & partnerships, labor laws and best practices, and technologically integrated business model. (C) 2017 The Authors. Published by IASE.