Saudi Women Presence in Economy to Increase over Next 6 Years

Specialists expect more women to join the Saudi labor market in the next six years, particularly in new sectors like entertainment, green economy, and climate. This is part of Saudi Arabia’s efforts to reach a 40 percent women’s participation rate by 2030.

Fadel bin Saad Al-Buainain, a member of the Saudi Shura Council, said in an interview with Asharq Al-Awsat that women are now active in the economy in two main ways. First, they contribute effectively to the labor market and take on leadership and quality jobs that were previously unavailable to them.

He pointed out that this contributed to a decrease in the women’s unemployment rate from 33 percent before the launch of “Vision 2030” to approximately 13.7 percent, according to recent statistics from the Statistics Authority.

The second economic axis, according to Al-Buainain, relates to investment. Saudi women can now seize opportunities in sectors suitable for them, like the entertainment sector. It is a significant growth in women’s investments. Women may occupy a large percentage in promising sectors such as the exhibition sector, targeted by the vision.

Al-Buainain continued: “In general, women’s pluralism is a functional task, and thanks goes to the wise leadership and (Vision 2030). It provides investment opportunities and contributions to the economy side by side with their fellow men.”

سياسة تمكين المرأة السعودية تزيد فرص حضورها في قطاعات جديدة (الشرق الأوسط)


Empowerment Components

Abdullah bin Zaid Al-Melehi , head of the Saudi Technology Excellence Holding Company, told Asharq Al-Awsat that “Vision 2030” has empowered women in various business fields. He also expects women’s presence to grow in new sectors like the green economy and climate in the coming years.

Al-Melehi noted that the Saudi Green Initiative offers significant opportunities for pioneering businesswomen, enhancing their role in developing green sectors. Moreover, this initiative is expected to attract large foreign investments, with an estimated $186 billion for its implementation. Globally, the green economy is projected to grow by about $12 trillion by 2030.

نساء في التقنية»... معسكر تدريبي سعودي للاستثمار الرقمي

Dr. Abdul Rahman Baeshen, head of the Shorouk Center for Economic Studies, told Asharq Al-Awsat that female participation in business and employment is set to grow significantly over the next six years. This is due to substantial support and empowerment of Saudi women under “Vision 2030”.

Empowering Saudi Women:  Catalyst for Economic Growth

Dr. Osama bin Ghanem Al-Obaidi, an advisor and professor of commercial law, confirmed that empowering Saudi women has boosted the business sector and government institutions over the past six years. This has led to a significant shift in their roles and unprecedented successes in various sectors. Throughout her career in the economic, commercial, and investment fields, she often rose to decision-making positions.

Al-Obaidi continued in his speech to Asharq Al-Awsat: “The great support provided to Saudi women and their empowerment in (Vision 2030), improving their work environment in all sectors and activities, empowering them in education and opening fields of work for them in the Kingdom in all sectors. This will support them socially and enhancing their participation in economic development.”

رانيا نشار الرئيس التنفيذي لمجموعة سامبا المالية (الشرق الأوسط)

Therefore, Saudi women are prominent in business across various sectors, including entertainment, tourism, mining, industry, and services. This vision is expected to significantly boost their participation in economic activities This will lead to higher revenues and an increase in the Kingdom’s GDP.

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