Saudi companies could easily employ thousands more Saudi females, says report
- Saudi Arabia: Wednesday, October 03 - 2012 at 10:44
New research by Oxford Strategic Consulting has found that thousands more Saudi women could easily be employed by the private sector in the kingdom. They calculate that raising female workforce participation in Saudi Arabia to around 40% (still lower than most G20 economies) could increase GDP by c$17bn pa whilst it could add $58bn in revenues to Saudi companies as well as significant increases in productivity, engagement and innovation. The wage contribution of females is also becoming an increasingly important component of family income (as elsewhere in the world). OSC report that around 385,000 well educated Saudi female are available in the market, but not currently utilized, whilst the research suggests the private sector has the capacity to employ at least 7m women.
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