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News : First All-Women Business & Technology Park Inaugurated in Saudi Arabia
Riyadh, Saudi Arabia, May 1, 2016 -- Saudi Aramco, Princess Nourah University (PNU) and Wipro Arabia Limited, a subsidiary of Wipro Limited, an information technology, consulting and business process services company, inaugurated the Kingdom of Saudi Arabia's first all women Business & Technology Park. The project is expected to create nearly 21,000 jobs for Saudi women over a period of ten years.
The Women's Business Park (WBP) is a result of a joint venture between Princess Nourah University (PNU), the largest women's university in the world and Wipro Arabia Ltd. Saudi Aramco is the strategic advisor and anchor of this initiative. Dedicated to working women, this business park is a first of its kind project aimed at providing knowledge-based employment for women in the Kingdom of Saudi Arabia.
The joint venture agreement was signed at a ceremony held at PNU, attended by H.E the Minister of Education, Dr. Ahmad Al-Issa, PNU Rector, H.E Dr. Huda Al-Ameel, Saudi Aramco President & Chief Executive Officer Mr. Amin H. Nasser, and Mr. Azim Premji, Chairman of Wipro Limited.
The idea of the business park was conceived in September 2014 when Saudi Aramco signed a Memorandum of Understanding with PNU. Wipro joined the partnership because of its experience in managing talent and providing IT services to a multi-industry customer base. The joint venture will be responsible for developing the park's facilities and infrastructure as well as training and employing up to 21,000 Saudi women.
Dr. Huda Al-Ameel, Rector of Princess Nourah University said, "The goal of the Women's Business Park is to create 21,000 jobs by 2025 and give women a critical role to play in a way that serves the objectives of the nation and to build a knowledge economy with societal and international partnerships. We also aim to provide a start-up eco-system to upcoming entrepreneurial ventures. In a country where women represent about 60% of all university graduates, but less than 15% of the country's workforce, the Women's Business Park is poised to be a milestone initiative."
Mr. Amin H. Nasser, President and Chief Executive Officer of Saudi Aramco said, "As a strategic consultant to the Women's Business Park, we are happy to lend our expertise in the creation of world class facilities to empower Saudi women. This initiative is the result of a successful consortium among three respected entities and we appreciate the efforts involved in creating this one of a kind facility in the Kingdom."
Speaking about this partnership, Mr. Azim Premji, Chairman of Wipro Limited said, "Wipro has always extended support to the cause of women empowerment and it is our endeavor to foster an environment that encourages and enables more women to participate in business and tap their leadership potential. It has been more than a decade since Wipro began its operations in the Kingdom of Saudi Arabia and localization has always been an important aspect of our business strategy here. We are happy to be a partner in this initiative which strongly aligns with our values."
The park will be developed in the iconic PNU premises, and will include entrepreneur incubators, daycare centers and a one-stop coordination center for government transactions.
Posted by Veronica Silva Cusi, news correspondent
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Published: Wednesday, May 4, 2016