BUSINESS

Investors urged to encourage Saudi women to work in jewelry industry

Official inauguration of the 7th Jewellery Salon at Prince Sultan Grand Hall in Al Faisaliah Hotel, held in Riyadh
RIYADH — Prince Sultan Bin Saud Bin Muhammad Al Saud called investors to draw Saudi women to work in gold and jewelry industry and stressed the need to benefit from their creativity in a wide sector with an annual purchasing power of over SR75 billion. The remark was made during the official inauguration of the 7th Jewellery Salon held in Riyadh at Prince Sultan Grand Hall in Al Faisaliah Hotel. He also urged the importance of opening academies and specialized institutes for training girls in the design and formulation of gold, in addition to marketing, selling and supporting services. He pointed out to the Ministry of Labor resolution to nationalize gold and jewelry sector that contributes to providing thousands of job opportunities for Saudi youth and in the near future similar opportunities for women in case of academies and specialized institutes that contribute to their training and qualification to join the sector. He called for women to benefit from the opportunity and join the sector as investors or employees. He said: “In the next few years, investors will have a great responsibility to give Saudi women the opportunity to work in gold shops to keep pace with the changes taking place in society and to respond to Vision 2030, which aims to increase the participation of women in the labor market from 22 to 30 percent.” He furthered said the Kingdom has the prospect to be one of the important capitals in the gold and jewelry trade with the recent rapid growth of the industry and the state's plans to promote regional and international partnerships to diversify production and investment. As he was touring the exhibition accompanied by the chairwoman of organizing committee, Haya Al-Sunaidi, Prince Sultan praised the Saudi women designers in “The Promising” pavilion, confirming that they presented a wonderful example of the high-