Women entrepreneurs in Saudi Arabia: Opportunities and challenges
Hajera Fatima Khan
An entrepreneur is discrete who creates a new business, bearing the risks and enjoying the rewards. An entrepreneur is an innovator, a source of new ideas, goods, services, and business/or procedures. Saudi Arabia is making remarkable social changes and highlighting its determination to moving forward to a more prosperous future by providing opportunities for everyone so that they can contribute to the development of the nation to their best abilities. Saudi women are a great asset to the nation. Over 50 percent, of the university graduates, are female, the country is developing their talents, investing in their productive capabilities and enables them to strengthen their future and contribute to the development of the society and economy. Besides this, Saudi Arabia is working hard to increase and support the female entrepreneurs, by providing workshops, training programs, and financial assistance so that they can start their own projects. Not only this the Saudi government has also launched a major program in collaboration with Sweden to train female entrepreneurs and innovators by creating networks and organizing mutual learning through meetings, study tours, education and interaction with the top opinion leaders and decision-makers. Women empowerment is one of the Major keys to the modernization objectives set out in the 2030 vision and national transformation program of the country. Islamic women entrepreneurs ascribe success and failure in different terms than do their western counterparts and relate a large set of obstacles and unique strategies to function well. This study identifies the conceptual background of women entrepreneurship and attributes that contribute to the success of female entrepreneurs in Saudi Arabia. The study also aimed to recognize factors that enable female business owners to realize their entrepreneurial potential. It also suggests ways in which the government can support women in realizing their entrepreneurial potential and makes recommendations to improve the entrepreneurial situation in Saudi Arabia.