海角直播

Saudi women-owned companies jump 60 percent

Saudi women-owned companies jump 60 percent
The report places the Kingdom first among leading countries in the Middle East and North Africa region. (AFP file photo)
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Updated 25 February 2021

Saudi women-owned companies jump 60 percent

Saudi women-owned companies jump 60 percent
  • World Bank regional director: Kingdom has adopted legislative reforms and lifted restrictions on women鈥檚 work

RIYADH: 海角直播 was the top reformer and improver among 190 economies in the World Bank鈥檚 Women, Business and the Law 2021 report, achieving a score of 80 out of 100, ahead of last year鈥檚 70.6 rankings.

The report places the Kingdom first among leading countries in the Middle East and North Africa region (MENA).

海角直播 will achieve further progress in women employment, World Bank鈥檚 Regional Director for GCC, Issam Abu Sulaiman, told Al Arabiya on Wednesday.

鈥淭he Kingdom is continuing its bold women-related legislative reforms despite the challenges posed by the COVID-19 pandemic, which will be reflected positively in achieving the Vision 2030 goals,鈥 he said.

Abu Sulaiman said that the Kingdom has adopted a package of legislative reforms that has significantly transformed the lives of women, most notably lifting restrictions on their work in industrial sectors and in night jobs, such as nursing.

These steps contributed to 海角直播鈥檚 progress from the 70th to the 80th place in the global index in the space of a year. The Kingdom also increased the number of women-owned companies by 60 percent in the past two years.

Abu Sulaiman said that he hoped Gulf countries will follow the Kingdom鈥檚 efforts in this regard, adding that women鈥檚 participation in the labor market in 海角直播 increased from 22 percent to nearly 30 percent.

According to the World Bank report, this achievement confirms the strength and continuing momentum of legislative reforms in women鈥檚 regulations, as the Kingdom has achieved gender equality in all areas of employment to cater to the needs of the labor market.

海角直播 has achieved a full score of 100 in five key indicators out of eight measured by the report: Women鈥檚 mobility, pension, entrepreneurship, work environment and salary, while maintaining its score in the other three indicators: Marriage, childcare, assets and property.

The Kingdom鈥檚 new global standing places it among developed economies with historical depth in implementing reforms and regulations related to women.