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International Finance
Economy

Saudi Arabia gets its first women business park

Aim is to create 21,000 jobs by 2025 IFM Correspondent May 18, 2016: With the aim of encouraging women to come forward and contribute to the Kingdom’s growth, Saudi Arabia has launched its first women’s business park in Riyadh. The park is expected to create about 21,000 jobs by 2025. It will serve as an IT hub for the oil and gas, manufacturing, healthcare, telecom...

Aim is to create 21,000 jobs by 2025

IFM Correspondent

May 18, 2016: With the aim of encouraging women to come forward and contribute to the Kingdom’s growth, Saudi Arabia has launched its first women’s business park in Riyadh.

The park is expected to create about 21,000 jobs by 2025. It will serve as an IT hub for the oil and gas, manufacturing, healthcare, telecom and constructions sectors. The site will cover an area of 200,000 square metres on the Princess Nora university campus and will include entrepreneur incubators, daycare centres and a coordination centre for government transactions.

It will open using existing buildings on the campus this year. New buildings will be made available starting in 2017.

The scheme is a joint venture between public women’s institution Princess Nora University and technology company Wipro Arabia.

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