Investments owned by businesswomen in Gulf states reach approximately $300 billion, while the number of business registration certificates for those women is 36,200, says a recent report.
According to the World Bank’s report, commercial investments owned by women in Saudi Arabia amounted to $800 million and women’s companies accounted for four per cent of the total number of private sector companies in the kingdom, reports London-based Alaraby.
A report issued three days ago by the Council of Saudi Chambers shows that during the past few years, Saudi women penetrated the field of contracting, which had been dominated by men and the proportion of working women in this field amounted to 36.6 per cent of the total.
Economic planning expert, Nouf Al Ghamdi, says: “Saudi women’s fortunes stayed for decades in banks, as deposits to ensure the financial return at a time when there was a lack of an investment environment that helps women to compete.”
She adds: “Government encouragement in recent years pushed Saudi women to invest their money in opportunities in all sectors.”
(SAR1 = AED0.98, at the time of publishing)