The Kingdome of Saudi Arabia (KSA) and its growth objective is to be a major player in the global economy and moving toward a knowledge-based economy. To achieve its objectives, the private sector in various fields in KSA needs to be in line with country's ambitious goal; Knowledge Management (KM) handling and readiness for the foreseen customer demand need to be in line with goals. This study presents a critical review to evaluate existing KM practice in the private sector in Kingdom of Saudi Arabia (KSA) to see the readiness of this sector to play an integral role of knowledge-based economy and support nation's growth strategy. The paper will examine current states in term of how knowledge management is practiced in the country. This paper addressed various aspects of knowledge management ranges from the need of implementing knowledge management systems to the added value by deploying such systems. In addition, the review was discuss if the private sector is heading in the right direction, and coherent with KSA strategic goal by examining a sample of four major firms in private sector. The outcome of the sample reflected that the private sector is harmonized with KSA objective.
Globalization and rivalries are the fundamental two difficulties confronting firms who are attempting to support their prosperity or even to remain in the market. Subsequently; interests in technology, process and people wind up plainly important for the association to guarantee to have fancied offer in the Marketplace. Vast firms set up cutting edge and complex sites and hello tech innovation to make, keep up and share knowledge inside by gathering and applying picked up information to make financial esteem. Knowledge is an imperative concentration in association's methodology, where information is viewed as essential for organizations. Organizations can turn out to be more productive by exchanging and sharing what specialists know, and after that, they can create learning strategies. The fundamental target of this paper is to distinguish existing knowledge management hone with a specific end goal to enhance it. A reasonable guide will be hypothetically proposed to be actualized and embedded in the corporate operations and business system. The pilot study was performed to validate the research questionnaire. The results were within the prescribed range so the researcher is ready to collect the actual data.
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