In a thrilling surge of economic vitality, this February witnessed a seismic leap in Saudi Arabia's non-oil sector, propelling the Kingdom's Purchasing Managers Index from a robust 58.2 in January to a resounding 59.8.
But, the true titans of this private sector resurgence are none other than the small and medium-sized enterprises (SMEs). And here's the electrifying twist…
A significant number of these entrepreneurial powerhouses are now commanded by Saudi women, leading the charge with their indomitable spirit.
Official data now proudly boasts that a staggering 45% of SMEs in the Kingdom are under the bold leadership of Saudi women.
Among these remarkable pioneers is Marriam Mossalli, a prominent Saudi lifestyle editor, journalist, and founder of a communication agency.
Over 13 years ago, she laid the foundation for her consultancy, Niche Arabia. Today, she's channeling her talents towards investing in female-owned start-ups, igniting a transformative spark in the landscape.
Mossalli emphasized how the Kingdom is witnessing an increase in women not just in the workforce, but also in the world of entrepreneurship.
“Whether it’s in tourism or technology, there are many sectors that are attractive to women and we are seeing more women take on the entrepreneurial role,
“Women-owned companies in the Kingdom have increased by 60 percent in the past two years.”
It's important to recognize that Saudi women have been pioneering their own businesses long before the transformative tides of Vision 2030 swept through the Kingdom.
However, the recent turbocharged expansion of the sector, fueled by a rising legion of female entrepreneurs, can be attributed to the profound changes coursing through the Kingdom as it boldly embraces a more global outlook.
While Saudi women are undeniably the driving force behind the SME surge in the Kingdom, the reality is that they thrive even more with unwavering support.
In every sector, it's imperative to provide women with upskilling and growth opportunities, a mission that resonates deeply with me through GLEAC.
Are you equally committed to championing this transformative movement that's propelling Saudi women to the forefront of the entrepreneurial arena?
If so, let’s talk.
Your support and engagement in this cause can make an enormous difference, fostering an ecosystem where these women can flourish and inspire future generations.
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