On Sunday, November 4, 2018, I attended a lecture, at the College of Business and Administration, at Princess Noura University, at 11:30, on women in entrepreneurship for Meznah al-Nefaie, a Saudi diplomat, consultant in education, innovation and entrepreneurship, and is interested in and specialized in government leadership, strategy and women. Speaking at the course on Entrepreneurship she opened a private company, not only for profit but also for independence.
Director and owner of Riyadiyat Company Limited in Saudi Arabia with 100% of the company’s capital.
I learned through the course, the meaning of entrepreneurship is the ability to develop and run a business to profit with no risk. Women are capable of running businesses and becoming financially dependent, and women are an important part of the progress and development of society. In our time, the state encourages women to enter entrepreneurship. In a global market, women entrepreneurs are a vibrant economic and development force.
I thought it was difficult for women to enter entrepreneurship, and that the state only encouraged men, but by attending the course and listening to the lecture I changed my thinking, and I knew that women were an important part of development and progress. Women must be independent and enter into this field. I attended the course because I was interested in entrepreneurship, which is one of my dreams and I found this subject very interesting.
Also by listening to the course, my goal in life has become entry into the field of entrepreneurship, and learn more about it. And to become one of the most successful businessmen in Saudi Arabia in particular, and in the Arab world in general.
I have changed the concept of Saudi women’s entry into entrepreneurship, because the Saudi government has worked to activate the role of women in the labor market, and paved the way to participate consciously in the development of the economy of the state and freely. Because there is a shortage of employment opportunities for women workers, and with the increasing number of Saudi women graduates, investment may be a way out for Saudi women and accommodate a large number of financially empowered women. I want to change the concept of entrepreneurship to other women, and encourage them to enter this area, to be self-reliant.
During the course, I learned that the last few years in Saudi Arabia have seen the extent to which women are investing in economic activities. The Ministry of Commerce and Investment revealed that the total number of registered business records in the names of businesswomen reached the end of 1438H (87.575). Businesswomen in Riyadh, Jeddah, Makkah, Taif and Madinah held the highest percentage of commercial records granted to women. The total number of women’s records in Riyadh was (20.086), Makkah (5.098), Taif (4.400), Jeddah (3.861) and the rest distributed throughout the Kingdom.
In the future, I plan to open up a new project and be a successful entrepreneur, and apply my understanding of the lecture through my presence at the session.
Also, (Buttner) summarizes the most important reasons that led women to move towards pioneering entrepreneurship, women’s dissatisfaction with the process of promotion at work, and the search for independence and support their families materially. Women are concentrated in microenterprises to modernize women’s entry into self-employment.
Women’s entrepreneurship has increased in North Africa and the Middle East, prompting studies to try to understand the low participation of women in political life and labor force in North Africa and the Middle East, both interregional and regionally, and Challenges and problems facing business leaders. The Middle East, the region most facing barriers to women’s interaction within the public sphere. Among these barriers are gender barriers: Middle Eastern countries, although they have made efforts to narrow the gender gap, much remains to be done to raise women’s social welfare, barriers to the business environment and cultural norms.
This era is the golden age of entrepreneurs. Today, the growth rate of women entrepreneurs is twice that of their male counterparts. Women break the boundaries using their pioneering talents and storm into male-dominated areas. According to the US Census Bureau, there is a very large increase in women-owned businesses. At a steady 68% since 1997. Women’s business starts at a rate of more than two and a half times the national average. They play behind men after years of delay. Women now have time to secure risk capital.
Because I am interested in entrepreneurship, I looked for women in entrepreneurship, in different countries in the world:
Folorunsho Alakija, she is one of Africa’s most prominent businesswoman. She is estimated to be the riches black woman in the world. Alakija proved that success in the oil industry has succeeded in gathering more wealth than most Nigerian men understand. Worth $ 1.87 billion, one of the most powerful women on earth, and has a long glimpse of Forbes.
Indra Nuwei is the Chief Financial Officer and President of PepsiCo, the most famous Indian business, has held several senior positions in Motorola. Indra was born in Chennai and received her Bachelor of Science degree from Madras Christian College in 1974. At the beginning of her career in India, he served as Product Manager at Johnson & Johnson and Mettur Beardsell. He joined PepsiCo in 1994 and was appointed Director and Chief Financial Officer in 2001.
Lubna al-Olayan One of Saudi Arabia’s most prominent businesswomen, she runs one of the largest commercial empires in Saudi Arabia. She was born in Oniza in the northern Saudi province of Qassim in 1955. She is the daughter of businessman Sulaiman Al Olayan. She holds the position of Chief Executive Officer of Olayan Enterprises and has a Master’s Degree in Management And works from the University of Indiana, USA, and is responsible for managing the business and investment activities of Olayan Financial Company.
Lubna First woman appointed to run Saudi bank:
- Gray, K. R., & Finley-Hervey, J. (2005). Women and entrepreneurship in Morocco: Debunking stereotypes and discerning strategies. The International Entrepreneurship and Management Journal, 1(2), 203-217.