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Saudi Arabia To Build ‘Women Only’ Industrial City In Jeddah

Posted by: : Paul EbelingPosted on: March 29, 2015 Saudi Arabia To Build ‘Women Only’ Industrial City In Jeddah

Saudi Arabia To Build ‘Women Only’ Industrial City In Jeddah

The City, designed to increase female employment opportunities in the Kingdom, will span 5-M sqm.

Saudi Arabia has announced plans for an industrial city in Jeddah solely dedicated to women, local media reported Saturday.

Built in an area spanning 5-M sqm, the industrial city is the 1st of its kind to be built in Jeddah, and the 4th in the Kingdom.

The industrial city will house female run businesses and factories and will help push up female employment rates, the Saudi Industrial Property Authority (Modon), the agency tasked with the development of the zones, said.

Authorities are planning to charge a rent of SAR3 per metre while the overall contract is valued at SAR50-M, Saudi Gazette reported.

Sources cited by the paper said Modon had already completed the 1st phase of the project, which includes basic infrastructure such as the roads, a sewage system and electricity cables.

“An entire city will need employees in various fields such as economic, industrial, medical and technical,” Saudi Gazette quoted the source as saying.

“The city will include facilities and services needed and used by women. A factory with an area of 10,000 sqm can be leased for SAR30,000. The authority also offers government loans reaching up to 50%. The application for buying land is available online on the authority’s website.”

Saudi Arabia launched the 1st female-only industrial city in Y 2012 at Al Hufuf City. The country has since established 3 other industrial cities dedicated to women.

These initiatives are designed to push up the female employment rate in the Arab country, which has historically placed restrictions on travel and gender mixing in the workplace for women.

According to a Modon official, the number of female employees in women-only industrial cities reached 5,480 as of Y 2014.

Led by late  King Abdullah, Saudi Arabia has slowly adopted a more liberal stance on female employment as part of plans to diversify the economy and decrease unemployment, currently hovering around 11.4%.

Recently, the country passed a law requiring women to be employed in all lingerie and cosmetic shops in the country.

By Mary Sophia

Paul Ebeling, Editor



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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

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