Saudi female entrepreneurs increase by 35% in 10 years: Report

Saudi women attend the Jeddah Economic Forum in the Red Sea city of Jeddah, in this file photo taken on 26 February 2007. (AFP)
Updated 28 November 2017

Saudi female entrepreneurs increase by 35% in 10 years: Report

JEDDAH: Saudi women account for 39 percent of the total number of entrepreneurs in the Kingdom, up 35 percent over the past 10 years, according to a report published by Al-Eqtisadiah on Sunday.
According to official statistics presented for World Entrepreneurship Day, the number of Saudi women entrepreneurs grew significantly from 2007 to 2017, from 4 percent to 39 percent, thanks to government and private support.
On Nov. 25, Prince Mohammad Bin Salman College of Business and Entrepreneurship (MBSC) hosted International Entrepreneurship Day activities by providing seminars and educational lectures to empower women globally.
The events were organized by the Council of Saudi Chambers, the National Commission for Entrepreneurship, the Small and Medium Enterprises General Authority, and in cooperation with private companies.
Dr. Nabil Kushak, the dean of MBSC, said that supporting and encouraging the creativity of women entrepreneurs contributes to the development of the economic cycle and provides an attractive and sustainable business environment.
“The role of women in the business and financial environment is an integral part of what we aspire to through our vision, which is an important direction in our responsibility toward the country.
"We aspire to strengthen our role not only as a higher private education college but also as a platform for ideas and commercial opportunities available to society.”
Sarah Al-Ayed, the ambassador of the regional Women Entrepreneurs’ Day in the Middle East and North Africa, presented an overview of regional and international initiatives and programs for World Entrepreneurship Day.
She pointed out that “the benefits given to entrepreneurs, especially women, are great. Women have proved their presence in the market. They are as trustworthy.”
She explained that “whoever says that Saudi youths do not work should reconsider and understand the size of projects being run by young men and women.”
More than 200 men and women students and entrepreneurs attended the event.
It included workshops and discussion sessions on the seven basic traits of the entrepreneurial personality, including motivation, innovation, risk, leadership, vision, flexibility and decision-making.

Riyadh to host forum to observe World Heritage Day next year

Riyadh hosts the sixth National Urban Heritage Forum in April with its focus on investment opportunities in the urban heritage. (Reuters)
Updated 19 October 2018

Riyadh to host forum to observe World Heritage Day next year

  • Forum will encourage private investment to capitalize on the country’s rich urban heritage
  • Saudi Commission for Tourism and National Heritage hosts the forum each year in a different part of the Kingdom

RIYADH: The Saudi capital will host the sixth National Urban Heritage Forum (NUHF) next April to coincide with World Heritage Day, with its focus on investment opportunities in urban heritage.

“The four-day National Built Heritage Forum will be launched in Riyadh on April 15,” said Majed Alshadeed, a spokesman for the Saudi Commission for Tourism and National Heritage (SCTH), on Thursday, adding that the forum will culminate on April 18, World Heritage Day. World Heritage Day is celebrated every year on April 18 with the aim of preserving the human heritage and recognizing the efforts of the relevant organizations in the field.

Organized by SCTH under the umbrella of the Custodian of the Two Holy Mosques Cultural Heritage Program, the 6th forum will encourage private investment to capitalize on the country’s rich urban heritage.

The forum will look at developing business models in the management and development of — and investment in — urban heritage sites, as well as the development of crafts and handicrafts.

The heritage forum is organized each year by the SCTH in a different province in collaboration with the relevant governorates, municipalities and local universities, following the recommendations of the first International Conference for Urban Heritage in the Islamic Countries, which was held in Riyadh in 2010.

The first session of the NUHF was organized in Makkah province, the second in the Eastern Province, the third in Madinah province, the fourth in Asir province and the fifth in Al-Qassim province.

Next year’s forum seeks to invest the expertise, knowledge and experience that the SCTH has gained and transfer it to the four economic sectors working in urban heritage. These sectors are construction, restoration and contracting, site operation, human resources development, and services and industries related to urban heritage.

The forum will include the distribution of prizes to the projects winning the Prince Sultan bin Salman Urban Heritage Awards, exhibitions, scientific sessions, workshops and business meetings with Saudi and international experts and consultants to discuss investment opportunities in urban heritage. There will also be a specialized expo for companies and institutions working in the sectors of the economics of architectural heritage, restoration and engineering consultancy.