First all women Business & Technology Park was inaugurated earlier this week in the Kingdom of Saudi Arabia. The project is expected to create nearly 21,000 jobs for Saudi women over a period of ten years. process services company.
The Women’s Business Park (WBP) is a result of a joint venture between Princess Nourah University (PNU), the largest women’s university in the world, and Wipro Arabia Ltd. Saudi Aramco is the strategic advisor and anchor of this initiative. Dedicated to working women, this business park is a first of its kind project aimed at providing knowledge-based employment for women in the Kingdom of Saudi Arabia.
The Women’s Business Park is envisioned to be the largest Engineering Drafting Services, Business Process Services and Information Technology hub in the region for a number of industry sectors including Oil & Gas, Manufacturing, Government, Healthcare, Telecom and Construction.
The idea of the business park was conceived in September 2014 when Saudi Aramco signed a Memorandum of Understanding with PNU. Wipro joined the partnership because of its experience in managing talent and providing IT services to a multi-industry customer base. The joint venture will be responsible for developing the park’s facilities and infrastructure as well as training and employing up to 21,000 Saudi women.
Dr. Huda Al-Ameel, Rector of Princess Nourah University, said, “The goal of the Women’s Business Park is to create 21,000 jobs by 2025 and give women a critical role to play in a way that serves the objectives of the nation and to build a knowledge economy with societal and international partnerships. We also aim to provide a start-up eco-system to upcoming entrepreneurial ventures. In a country where women represent about 60% of all university graduates, but less than 15% of the country’s workforce, the Women’s Business Park is poised to be a milestone initiative.”
The park will be developed in the iconic PNU premises, and will include entrepreneur incubators, daycare centers and a one-stop coordination center for government transactions.