Saudi women's business park to create 21,000 jobs

The WBP, a joint-venture of PNU and Wipro Arabia, has been supported by Saudi Aramco as strategic advisor and anchor of the initiative

Image for illustration only.
Image for illustration only.

In a major boost to women's education and employment in Saudi Arabia, IT giant Wipro, along with Saudi Aramco and Princess Nora University (PNU), have recently inaugurated here Sunday night the Kingdom's first all ‘Women's Business Park’ (WBP), which will create nearly 21,000 jobs by 2025.

The WBP, a joint-venture of PNU and Wipro Arabia, has been supported by Saudi Aramco as strategic advisor and anchor of the initiative.

The accord to set up the WBP was signed at the inaugural ceremony at PNU, the world's largest women's university. The event was attended by a number of high-ranking Saudi officials, royal family members, diplomats, and top executives.

Prominent among them were Saudi Minister of Education Ahmed Al-Issa, PNU rector Huda Al-Ameel, Saudi Aramco president and CEO Amin H. Nasser, and Azim Premji, Wipro chairman.

Al-Issa congratulated Saudi Aramco, PNU and Wipro for launching this important initiative, which will ‘go a long way in promoting women's education and employment in the country’.

PNU rector Al-Ameel said that ‘the goal of the WBP 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’.

The WBP is envisioned to provide the largest engineering drafting services, business process services and IT hub in the region for a number of industry sectors including oil and gas, manufacturing, government, healthcare, telecom and construction.

Referring to the role of Saudi Aramco, Nasser said that “as a strategic consultant to the WBP, we are happy to lend our expertise in the creation of world class facilities to empower Saudi women. This initiative is the result of a successful consortium among three respected entities and we appreciate the efforts involved in creating this first of its kind facility in the Kingdom."

The women's park, covering an area of 200,000 square meters located on the PNU premises, will include entrepreneur incubators, daycare centres and a one-stop coordination centre for government transactions.

The first phase of the project will be operational in the existing buildings at PNU this year itself, while the new WBP buildings will be progressively ready starting in 2017.

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