Saudi plans industrial city for women
Madinah, February 20, 2014
An industrial city is set to be built in Saudi Arabia for budding women entrepreneurs, said a report.
The city would be completely operated by women and cover an area of 300,000 sq m, Nawal Hadi, head of the Center of Businesswomen at the Yanbu Chamber of Commerce and Industry (YCCI) was quoted as saying in the Saudi Gazette report.
"The centre is also planning to set up a limited liability industrial company owned by women based on the output of the petrochemical industries in the Royal Commission of Yanbu and attract women from the economic and social sectors to participate," she said.
The centre does not have accurate statistics on the size of capital and investments owned by businesswomen in Yanbu, but according to YCCI data there are about 94 commercial and service enterprises registered in the name of women, said the report.