As Saudi Arabia begins to implement its Vision 2030, a key component of the initiative focuses on women’s empowerment policies and measures. As a result, women in the Kingdom are seizing every opportunity to set up their businesses in Saudi Arabia. These new female-driven businesses also include stores, tech firms, and start-ups, resulting in a surge in women entrepreneurs in Saudi Arabia.
Saudi women have been trailblazers, influencers, and pioneers in several fields. These include breaking down cultural and societal barriers to entrepreneurship and creating innovative businesses that are changing the face of the Saudi economy.
Women as entrepreneurs in Saudi Arabia
Increased diversity: Womenpreneurs in Saudi Arabia are bringing new perspectives and diverse experiences to the business world, leading to more creative and innovative solutions to business problems.
Tackling taboos: Some Saudi female entrepreneurs are challenging long-held taboos surrounding specific industries, such as fashion and beauty, and paving the way for greater freedom of expression and creativity.
Promoting social causes: Women entrepreneurs also use their businesses as a platform to promote social causes and effect positive change in their communities. For example, some are focused on sustainability, while others are working to promote women’s rights and gender equality.
Bridging cultural divides: Women use their businesses to bridge and promote cross-cultural understanding. Many are working to create partnerships with international companies, thereby bringing new ideas and innovations to the Kingdom.
As Saudi Arabia embarks on unfolding its Vision 2030, which, among other things, focuses on women empowerment initiatives, women in the Kingdom are more than ever seizing every opportunity to start a business in Saudi Arabia and obtain entrepreneur license to run their own shops and businesses, tech firms, and start-ups.
What reforms have taken place in Saudi Arabia to foster women’s entrepreneurship?
The Kingdom launched reforms promoting women’s engagement in economic development with wide-ranging institutional measures. They have successfully changed cultural norms about women in business with significant results. Some of the key reforms are as follows:
- Saudi Arabia encouraged women’s entrepreneurship by prohibiting gender-based discrimination in accessing financial services.
- Saudi women are no longer restricted from driving around the Kingdom, and key measures have been taken to provide driving licenses for women.
- A Qiyadyat program (Female Leadership Program) was started by the Mohammed bin Salman bin Abdulaziz Misk Foundation to discover young female leaders, develop their leadership skills, and equip them with the best global practices in this field.
- The Saudi Government established business centres for women to facilitate procedures for setting up business, saving time for businesswomen.
- Women can start a business quickly after eliminating the requirement for guardian approval and bringing equality in procedures between men and women.
- Women can open business registrations, request registration of trademarks, reserve business names, practice freelancing, and register business agencies.
- Saudi’s ICT sector launched the Women Empowerment Program to raise awareness about the business opportunities for women entrepreneurs in the ICT sector. The Programme would also train and qualify women in digital and future skills, enabling women entrepreneurs in the ICT sector to innovate and launch their projects. The number of Saudi women in the tech sector is rising exponentially.
- The Qurrah Program has been established to support childcare for working women to improve and develop the environment and facilities of the children’s hospitality sector while supporting the expansion of working Saudi women in the private sector.
- The Wusool Program has been established as a support program for quality transportation, enabling women to work and support their job stability through the financial support provided by “Hadaf.”
- The “Women Spark” initiative has assisted countless young Saudi women to acquire the skills they need to succeed in the IT industry. Women Spark provides technical skills, soft skills and business skills.
In Saudi Arabia, women entrepreneurs are taking their rightful place on the business horizon, ably supported by government initiatives and programmes.
Role of Helpline Group in Saudi Arabia
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