How leadership development is powering KSA’s economic future

Short Url

The world is witnessing the acceleration of ºÚÁÏÉçÇøâ€™s transformative economic and social reform agenda. At the heart of this strategic momentum lies an essential catalyst: education and leadership development. In an era of economic complexity, global uncertainties and technological advancement, equipping business leaders with the tools to innovate and lead with vision is central to national development and growth.

The growing presence of international academic institutions in ºÚÁÏÉçÇø reflects the Kingdom’s emergence as a hub for global business and innovation. In line with this trend, London Business School has opened an executive office in Riyadh to support leadership development and will introduce its first open enrolment executive education programs in the country this academic year. This reflects a growing recognition of ºÚÁÏÉçÇøâ€™s role as a dynamic force in global business and innovation. It also underscores the country’s increasing focus on human capital development, a cornerstone of Vision 2030.

As a professor of accounting, I have long argued that growth and development are not purely a function of capital investment or infrastructure. What distinguishes high-performing economies is the strategic cultivation of leadership, those capable of translating economic ambitions into meaningful outcomes. Nowhere is this more visible than in the Kingdom’s ambitious growth trajectory.

Vision 2030 places human capital development at the center of national transformation. The Saudi government has made significant strides in education reform, scholarship programs and institutional development. But as more global companies set up operations in the Kingdom, spanning sectors from clean energy to fintech and logistics, the question becomes not just how we educate but whom we are educating and why.

Modern economies demand leaders who can operate across cultures, manage complex challenges and create inclusive environments

Florin Vasvari

Modern economies demand leaders who can operate across cultures, manage complex challenges and create inclusive environments. These are not skills learned through textbooks alone, they are cultivated through mentorship, experiential learning, international exposure and continuous education. The business leaders of tomorrow must be adaptable, purpose-driven and forward-thinking.

The presence of globally recognized institutions like London Business School signals an evolution, from a model of education export to one of co-creation, bringing world-class business education directly into the local context. It is not about importing ideas but nurturing leaders in their own environment with global insights tailored to local challenges and complexities.

In a highly competitive and evolving market, leadership will be a key differentiator. Those organizations that invest in the continuous development of their executives beyond technical skills will be the ones to attract talent, unlock innovation and drive long-term value creation.

The intersection of education and business in ºÚÁÏÉçÇø is prime ground for experimentation and growth. Executive education plays a particularly strategic role in the Kingdom, as it allows decision-makers to step back from the day to day, engage with peers from different industries and reframe their thinking. It is also where cross-sector collaboration occurs, forging bonds between private enterprise, public institutions and academia.

The intersection of education and business in ºÚÁÏÉçÇø is prime ground for experimentation and growth

Florin Vasvari

The rapid rise in participation from Saudi professionals in London Business School programs in recent years, growing by more than 250 percent, underscores both the appetite and the momentum for lifelong learning. With Saudi cities increasingly acting as regional hubs for innovation and enterprise, in-person programs delivered locally will become even more crucial in supporting leaders at every stage of their career.

By investing in leadership development, ºÚÁÏÉçÇø is doing more than preparing individuals for success, it is creating the conditions for economic resilience, social cohesion and global relevance. Moreover, the local demand for high-quality executive education is surging.

Saudi professionals are ambitious, globally minded and driven to contribute to their country’s future. They seek opportunities to lead and make an impact. Increasingly, they want to do so in cities such as Riyadh and Jeddah. The new Riyadh-based programs will provide that opportunity, bringing international standards of business education to professionals where they live and work, without requiring them to travel abroad.

ºÚÁÏÉçÇø is writing its new economic playbook, one that blends tradition with modernity, scale with agility and ambition with discipline. To realize this global vision, the Kingdom must continue to invest as much in people as it does in its landmark projects.

The launch of world-class educational institutions is a positive step in this direction. But more than anything, these developments are a call to action for policymakers, businesses and educators to take bold steps and come together for the good of the nation. Ultimately, the future will belong to those who lead it.

  • Florin Vasvari is Professor of Accounting and Executive Dean of Executive Education, Middle East, and General Manager at London Business School, Riyadh.