An Investigation of the Role of Female Entrepreneurship in The Economic Development of Saudi Arabia

Abstract

Abstract: In the modern days, the role of female entrepreneurship has been expanded in the market and they also play their essential role in the contribution in the economic development for their respective nations. The aim of the study is to analyse and investigate the role of female entrepreneurship in the development of the economic condition in Saudi Arabia. The introduction section mainly sheds light on the research aim, objective and the research questions in order to provide the abrupt understanding of the research. The section also provides the justification for the research along with the structure of the study. In addition to this, the research methodology section provides a complete understanding of the research philosophy, approach, and design and data collection method. Additionally, in this research, the data has been collected with the help of secondary research. In the data finding section, the research provides the different types of theme in order to highlight the role of female entrepreneurship in the development of the national economic condition. Entrepreneurship development by women's group has been one of the major realms that are adopted by various organisations all over the world. The presence of various traditional and cultural norms has restricted women from attaining entrepreneurship engagement for a successful business environment in the Saudi Arabian region. This is because the Saudi Arabian government has laid the Limited number of services that a woman can avail in the economic framework of the country. The study claims to identify the benefits and challenges that arise while reforming the existing architecture and economical background of Saudi Arabia to that of the women employment criteria in business operations. In other words, the facilitation of women to attain Entrepreneurship and self-governing business need to be attained in order to gain economic growth regarding the financial aspects of the country. The study considers several theoretical frameworks including the Krueger and Brazeal's model of entrepreneurship potential so as to investigate perceived official feasibility propensity to act and perceive desirability for women in employment. Deducing entrepreneur opportunities regarding women residing in the Saudi Arabian region has often been our challenging aspect as religious and cultural rights are post against women. However, the importance of including women in business has been observed to provide the country in attaining business growth in the Global region of operation. Similarly, the Saudi Arabian region upon having a strong oil refinery bass would also be required to make them self-independent of another business sector that is to be developed in that region. The study provides a detailed analysis through data collection from various samples in an exploratory way to reduce conclusions regarding the benefits of including women in entrepreneurship and development. In the conclusion and recommendation section the research draft the overall summary of the research and provide the objective linking. The objective linking helps the researcher to correlate with the section of the study and where the specified objective has been met. The research future scope and limitation has been providing that in future the research scholar needs to expand the research in the form of open-ended and interview questionnaires in order to collect the individual aspects regarding the topic. The recommendation has been provided to the authority and society so that they can able to promote the female entrepreneurship activities for the development of the national economic condition.