Economic Rights
Saudi Arabia has been the home of business leaders for a very long time. The Prophet Muhammad and many of his early supporters were traders and merchants. Equally impressive, Khadija, his wife, was a highly successful businesswoman long before she met the Prophet. But the Kingdom’s business environment has not always favored start-ups. Fifteen years ago, the entrepreneurial environment there was akin to Saudi Arabia’s vast Empty Quarter. The Prince Sultan bin Abdul Aziz Fund to Support Women’s Small Enterprises was established in 2007 in Dammam. The fund provides aspiring women entrepreneurs with technical and financial support. Saudi women of all ages can apply for the fund, which requires each applicant to submit a business proposal to a review board. The fund id also open to women seeking to expand heir small or medium-sized enterprises. Helping to alleviate the prior roadblocks set for women.
While all entrepreneurs around the world, regardless of gender face problems starting their own business, women in Saudi Arabia have long battled for the right to work in public much less own their own business. Along with he challenges entrepreneurs everywhere face (access to financing, attracting customers, managing cash flow, etc.) social constraints such as the women's role traditionally being limited to wife and mother have shackled women from participating in the business and economy. Legal constraints that require women to have an authorized male represent them in government and educational restraints brought on by a lack of educating women have all hindered the economic success of women in Saudi Arabia.
In 2007, The Business Women Center was established to mirror the Ashariqia Chamber of Commerce, an organization geared toward providing developmental services and support to industry, trade and services. A resource used to better the economy by helping businessmen was now available to women. With he entire country of Saudi Arabia dependent upon it's oil revenue, there is a big push to develop and entrepreneurial sector of the economy for the future.
While all entrepreneurs around the world, regardless of gender face problems starting their own business, women in Saudi Arabia have long battled for the right to work in public much less own their own business. Along with he challenges entrepreneurs everywhere face (access to financing, attracting customers, managing cash flow, etc.) social constraints such as the women's role traditionally being limited to wife and mother have shackled women from participating in the business and economy. Legal constraints that require women to have an authorized male represent them in government and educational restraints brought on by a lack of educating women have all hindered the economic success of women in Saudi Arabia.
In 2007, The Business Women Center was established to mirror the Ashariqia Chamber of Commerce, an organization geared toward providing developmental services and support to industry, trade and services. A resource used to better the economy by helping businessmen was now available to women. With he entire country of Saudi Arabia dependent upon it's oil revenue, there is a big push to develop and entrepreneurial sector of the economy for the future.