The Saudi Arabian female population has increased steadily over the past few years with the population at 9.1 million in 2017. A total of 37.3 million Saudis are between 18 and 64 years of age. In 2020, it was reported that 9.5% of young adults are actively involved in entrepreneurship while the country has a large percentage of women, nearly 10%, who work as entrepreneurs, an increase of 50% from 2018. It is estimated that about 40% of the Saudi women’s workforce participates in entrepreneurship which is a huge increase from only 5% in 2016.
A number of factors such as the education, social, religious, economic, political, and cultural background play a major role in the creation of opportunities for Women Entrepreneurs in KSA entrepreneurship. Women make up an increasing percentage of the population, which is leading to the growing trend of entrepreneurship among this segment of the population.
Saudi Arabia is a nation of different races, religions and cultures that provides a fertile ground for women-led business. The majority of Saudi women participate in entrepreneurship and they have access to a wide variety of financial resources through banks and financial institutions. For instance, the Central Bank of Saudi Arabia, or CBA, has been working towards providing more financial resources to small and medium enterprises (SMEs) and microfinancing.