Saudi women’s market participation surges 20%: GASTAT  

The ratio of employed women to the population in the fourth quarter of 2022 increased to 30.4 percent. (Shutterstock)
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Updated 09 August 2023
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Saudi women’s market participation surges 20%: GASTAT  

RIYADH: Saudi Arabia’s drive to encourage female participation in the public and private sector has resulted in the total number of employed women increasing 20 percent to 1.5 million in the fourth quarter of 2022 compared with 1.2 million in the same period of 2021, showed a government report. 

According to the General Authority of Statistics, the numbers of female workers in the private and public sectors in the fourth quarter of last year were 861,197 and 609,364, respectively. 

The ratio of employed women to the population in the fourth quarter of 2022 increased to 30.4 percent compared with 27.6 percent in the same period in 2021, reflecting their growing economic engagement. 

Female labor force participation increased to 36 percent, up from 35.6 percent in the fourth quarter of 2021 as the Kingdom continues to exceed its Vision 2030 objective of a 30 percent rate.

The report further pointed out that the total employed women subject to social insurance laws and regulations reached 970,330 in the fourth quarter of 2022. 

Moreover, between October and December last year, the highest number of female workers was in the combined economic activity of wholesale, retail and repair of motor vehicles, which amounted to 192,952 female workers.  

Construction activity was the second-highest category for women workers at 139,654, and healthcare was the third-highest activity at 111,052. 

The GASTAT numbers echoed the findings of the Saudi Human Rights Commission when in February, its president Hala Al-Tuwaijri announced that the share of women employed in Saudi Arabia jumped to 35 percent from 21 percent in five years. 

The Kingdom’s unemployment rate dropped significantly in the last five years, from 11.6 percent to 5.8 percent.    

“As a result of these efforts, the share of women in the labor market increased from 21.2 percent to 34.7 percent, and the rate of their economic participation jumped from 17 percent to 37 percent during the period between 2017 and 2022,” said Al-Tuwaijri during the 52nd session of the UN’s Human Rights Council held in February. 

Speaking at the G20 Riyadh summit in 2020, King Salman made clear the vital role that female engagement will play as Saudi Arabia’s economy and society changes.

“Women are a main source of development for any society. Hence, without empowered women, it is almost impossible to implement any societal reforms. Throughout history, women have proven their prominent and effective role in driving change and decision-making,” he said. 


Eastern Province signs $1.35bn investment deals at Cityscape Global 2025 

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Eastern Province signs $1.35bn investment deals at Cityscape Global 2025 

DAMMAM: Saudi Arabia’s Eastern Province Municipality signed 14 investment and development deals, including memoranda of understanding worth over SR5 billion ($1.35 billion), during its participation in Cityscape Global 2025 in Riyadh. 

The signing ceremony, overseen by Eastern Province Mayor Fahad bin Mohammed Al-Jubair, featured several strategic investment agreements for high-profile projects, according to the Saudi Press Agency. 

The deals reflect the municipality’s efforts to attract local, Gulf, and international investors, underscoring the Eastern Province’s growing appeal as a destination for private-sector-led development, enhanced quality of life, economic growth, and job creation for Saudi citizens. 

The agreements included contracts to establish and develop mobile vendor incubator sites under the “Roaming Seller” initiative, in partnership with Princess Nojoud bint Hathloul Al Abdulaziz, general supervisor of the Street Vendors Support, Empowerment, and Development file at the Ministry of Municipalities and Housing, and the Economic Families Association. 

An investment contract was also signed with Center3, a subsidiary of Saudi Telecom Co., to establish digital data centers supporting digital transformation and technological infrastructure for smart cities. 

The deals further include investments in entertainment, tourism, and retail projects in Half Moon Bay with local, Gulf, and European investors. These involve amusement parks in partnership with a Kuwaiti investor and the launch of the first outlet shopping complex in the Eastern Province. 

A soon-to-be-announced flagship project in Half Moon Bay will bring together Saudi, Gulf, and British partners to develop a global outlet featuring more than 100 international brands, amusement parks, children’s play areas, a themed “Last Exit” food park, art and fashion academies, multi-use facilities, and a mini-golf course. 

The project is expected to significantly boost the region’s tourism and entertainment sectors. 

Additional agreements include developing coastal resorts and open beaches to meet Blue Flag environmental standards, alongside air pollution monitoring stations and carbon credit initiatives to support sustainability. 
 
Tourism resorts in Al-Khafji Governorate were also agreed upon with Gulf investors. MoUs were signed with GCC Lab Co. for Technical Services to study inspection and certification mechanisms and with the Saudi Technology and Security Comprehensive Control Co. to digitally manage construction waste, contributing to improved quality of life and regional economic growth. 

An agreement between a local recycling company and GIB Capital was signed to finance the company’s environmental projects with the municipality, focusing on renewable energy production. 

Another investment deal was finalized for the management and operation of Marjan Island Resort on Dammam Corniche, supporting tourism, entertainment, and luxury hospitality.