More female tech startup entrepreneurs in Saudi Arabia than in Europe: Report

[Brianna White]

• The participation rate of women in the sector was at 28 percent in the third quarter of last year
• The ministry said there was a 112 percent increase in commercial registrations issued for women

LONDON: Saudi Arabia has a higher percentage of women working in the technology startup sector than in Europe, according to new research findings.
The recently published Endeavor Insight report also revealed that Saudi Arabia’s startup rates for women in tech were higher than those for men.
The participation rate of women in the sector was at 28 percent in the third quarter of last year, more than 10 percent above the European average rate, which sat at 17.5 percent in the same period.
Saudi Arabia issued 139,754 new commercial licenses to women in 2021, according to the Kingdom’s Ministry of Communications and Information Technology, a figure that marked one of the largest growth rates globally.
The ministry said the number represented a 112 percent increase in commercial registrations issued for women entrepreneurs compared to 2015, when 65,912 were granted to female-owned businesses.
The Saudi Vision 2030 framework, with its focus on private-sector investment and talent attraction and retention, had fueled the rise, the report said.
Continue reading: https://www.arabnews.com/node/2071151/business-economy