According to a report released by the Small and Medium Enterprises Authority in Saudi Arabia, also known as Munshaat, Saudi Arabia's female workforce increased to 33.6 percent in the first quarter of 2022 from 20.5 percent in the same period of 2019. percent, while in most countries of the world there was a decline in the participation of women.
According to Arab News, Monashat has stated in its report that the unemployment rate of women in the kingdom fell to 21.2 percent in the first quarter of this year, compared to 31.7 percent during the same period in 2019.
Monashat has said in his report that the private sector of Saudi Arabia has been taking great advantage of the influx of active women workers. Many women entrepreneurs are finding new and emerging opportunities in the accommodation and food, wholesale and retail, health and professional support services industries.
The report further states that the increase in women entrepreneurship and workforce in the Kingdom is due to various factors including regulatory reforms focused on empowering women in the workplace and creating women entrepreneurs. . Programs such as 'She Next', which provide access to credit and financing, and the Receive program, which provides an 80 percent subsidy for transportation costs between the workplace and home.
The report also states that the Monashat Women Dashboard, which provides a dedicated portal for support services to women entrepreneurs, has also played an important role in increasing the number of women entrepreneurs in the Kingdom.
Munshaat is empowering Saudi women in various industries through its SME services and is playing an active role in positive workplace reforms in the Kingdom.
