In a Saudi first, 45 young women based in the Kingdom have taken part in a leading new program to build the capabilities of female entrepreneurs and the local entrepreneurial ecosystem while expanding access to domestic and global markets.
Held on the KAUST campus at the beginning of June, and developed in partnership with the University of Texas at Austin’s Global Innovation Lab (GIL) and the U.S. Consulate General Jeddah, “Empowering Saudi Women Through Entrepreneurship” program promotes entrepreneurship via programs that encourage skills such as problem-solving, critical thinking and teamwork. The women selected to participate in the program are developing innovative technologies and products with global export and growth potential to help tackle pressing global issues.
Entrepreneurial women will be critical in developing advanced industries to support the creation and growth of new ventures in KSA. By supporting this important demographic, KAUST is supporting two vital pillars of Vision 2030 – to spur growth and diversification in the economy while encouraging young women’s ambitions.
“KAUST is committed to supporting the advancement of female entrepreneurs in Saudi Arabia. We’re so excited to see the outcomes of this partnership and the real impact that participants will have in the Kingdom and beyond as they develop their skills and join this international network,” said Hattan Ahmed, director of the KAUST Entrepreneurship Center.
Upon completing the program, participants will have gained the knowledge necessary to start a successful entrepreneurial venture. Furthermore, by supporting Saudi-based female entrepreneurs, KAUST reaffirms its commitment to the continued expansion of a vibrant entrepreneurial ecosystem within KSA. In nurturing and showcasing new ideas and future leaders, the university aims to stimulate economic growth, create better-quality jobs, open new markets and increase global economic security and prosperity.