Saudi: Investing in female workforce could generate $400 bln

Women will improve the economic prosperity of Saudi
Saudi: Investing in female workforce could generate $400 bln
Saudi's female workforce

Investing in targeted training for Saudi women will have a return on investment of $400 billion by 2030,” according to the head of one female empowerment group.

Saudi women can play a huge role in the tourism industry, participating to improve the economic prosperity of the Kingdom. 

In an exclusive interview with Arab News on the sidelines of the Future Hospitality Summit in Riyadh, Mae Al-Mozaini, founder and CEO of the Arab Institute for Women’s Empowerment, said that the tourism industry already employs many women.

In the World Economic Forum (WEF)’s Global Gender Gap Report 2021, Saudi was ranked 147 out of 156 countries.

Moreover, Saudi’s Vision 2030 plan aims to boost female participation in the workforce from 22 percent to 30 percent by the end of the decade.

The growing number of women joining the workforce has helped Saudi achieve its target of female labor force participation 10 years ahead of time and lifted its international rankings in women’s economic inclusion and empowerment indices.

Further, according to Saudi’s General Authority for Statistics, female participation in the Kingdom’s workforce rose to 33 percent at the end of 2020, up from 19 percent in 2016.