Women Own 40% Of Commercial Registers In Saudi Arabia, Ministry Of Commerce Reports

Image via The Times

Saudi Arabia has made significant progress in promoting women's participation in the workforce in recent years, and this is evident in the latest report from the Ministry of Commerce. Out of the 1.3 million commercial registers issued by the ministry, 40 percent are owned by women, indicating that they are actively participating in the business sector.

The report also highlights the increased participation of youth in the business sector, with 51 percent of commercial registers owned by young entrepreneurs. This trend is encouraging as it demonstrates the entrepreneurial spirit of the younger generation and their willingness to take risks to create their own businesses.

The high number of commercial registers in Riyadh, Makkah, and the Eastern Province suggests that these regions are the most attractive for business investment. However, it is important to note that smaller regions like Al-Baha and the Northern Borders also have a significant number of commercial registers, indicating that business activity is not limited to the major cities alone.

In the spirit of fostering entrepreneurship and venture creation, the French Saudi Youth Business Club was launched by @FranceinKSA.https://t.co/fZlZ0vZrNH

— About Her (@AboutHerOFCL) April 10, 2023

The increase in the number of commercial registers owned by women is a positive development, but more needs to be done to ensure that women have equal opportunities to participate in the workforce. Despite the progress made in recent years, there are still many obstacles that women face in the Saudi Arabian workforce, including cultural and societal norms that limit their participation in certain fields.

The government has taken steps to address these issues by implementing policies that support women's participation in the workforce, including initiatives to provide training and education programs that help women develop the skills needed to succeed in business.

In conclusion, the latest report from the Ministry of Commerce demonstrates the growing interest of women and young people in the business sector in Saudi Arabia. While there is still room for improvement, the government's efforts to support and encourage entrepreneurship among these groups are paying off, and the future of the business sector in the country looks promising.