New Saudi women-only business park to create 21,000 jobs

Riyadh-based park includes start-up incubators, day-care centres and a one-stop coordination centre for government transactions
New Saudi women-only business park to create 21,000 jobs
Image for illustrative purpose only. (AFP/Getty Images)
By Staff writer
Tue 03 May 2016 11:31 AM

A new women-only business and technology park is due to provide knowledge-based employment for 21,000 Saudi women, it was stated at the park’s inaugural event in Riyadh.

The all-women business and technology park (WBP) is a joint venture of Princess Nourah University (PNU), the world’s largest university for women, and Wipro, an Indian IT services corporation, while Saudi Aramco acts as the strategic advisor.

The park, located in the PNU premises, includes start-up incubators, day-care centres and a one-stop coordination centre for government transactions.

Speaking at the event, Huda Al-Ameel, rector of Princess Nourah University, said: “The goal of the WBP is to create 21,000 jobs by 2025 and give women a critical role to play in a way that serves the objectives of the nation and to build a knowledge economy with societal and international partnerships.”

According to statistics from the Central Department of Statistics, Saudi women occupy only 13 percent of private and public positions occupied by nationals despite accounting for 51 percent of Saudi graduates.

The first similar initiative in Saudi Arabia -  Business Process Services (BPS) center, which has employed 1,00 women, of whom 85 percent are Saudi nationals – was established in in Riyadh in 2013 by Tata Consultancy Services, Wipro’s largest rival.

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