Saudi Arabia has been a thriving economy in the Gulf region. Until recently inflow of petrodollar has played a vital role in Saudi’s economic prosperity. Realizing the economic meltdown due to decline in oil prices Saudi government swiftly developed new strategy to strengthen its economy by moving away from reliance on oil export to non-oil sector to produce artifacts through its vision 2030. This vision calls for transforming Saudi economy by means of mobilizing factor of production in non-oil sector. In this process, among other factors, entrepreneurial skills are widely considered a centrifugal force to keep the economic wheel rotating in full swing. Entrepreneurs generate employment not only for themselves but also for the community around them. This in turn brings about economic development that generates capital inflow, enhances employment at a large-scale thus raising household purchasing power. Entrepreneurial skills are not merely inborn qualities of an individual, they require educational system providing a platform for learning business tactics through business schools’ curriculum. As a consequence of recent financial crises the business schools’ curriculum has been widely criticized for not preparing graduates to face the challenges of contemporary businesses world in general. In Saudi Arabia economic meltdown happened due to crises in petrol prices globally which prompted Saudi government to address economic development by mobilizing resources in sectors other than exporting oil and other minerals. In this context this paper explores flaws in the modern business curriculum and attempts to create awareness among academics to prepare students to look beyond the routine executive functioning in order to seek business development that attracts capital, penetrates markets and generate employment. We argue that Saudi government’s vision 2030 would be greatly hindered if Saudi graduates lack entrepreneurial skills.

Keywords : Entrepreneurship, business curriculum, global markets, employment, capital formation.