Opinion
Dubai, to me, is the best place for women entrepreneurs where they can make a huge difference in reshaping the economy and society. “ Women are breaking barriers The inclusion of women in traditionally male-dominated fields not only expands the talent pool but also fosters an environment of creativity and adaptability. However, the journey towards women’s empowerment in the economic sphere is not without its challenges. Overcoming deeply ingrained stereotypes, addressing gender biases, and ensuring equal opportunities are prerequisites for unleashing the full potential of women. It demands a concerted effort from governments, businesses, and society at large to create an ecosystem that nurtures and supports women’s professional growth. One key aspect is access to education. Investing in education for girls and women equips them with the skills and knowledge necessary to participate actively in the workforce. Moreover, mentorship programs and networking opportunities play a crucial role in fostering a supportive environment for women, helping them navigate the complexities of their chosen fields. The UAE’s commitment to fostering women’s entrepreneurship, as reflected in the reported 68% growth, serves as an inspiration for nations worldwide. It is a testament to the transformative power of intentional policies and initiatives aimed at dismantling barriers and fostering an inclusive economic landscape. In conclusion, women’s role in economic development is not just about achieving parity; it is about harnessing the full spectrum of human potential. The strides made in the UAE exemplify the dividends that can be reaped when women are empowered to contribute fully to the economy. As we champion the cause of women as thought leaders, let us collectively work towards creating a world where every woman can unleash her economic prowess and, in doing so, transform the destiny of nations.
Dr Sana Sajan Director at Danube Group.
A s we stand on the cusp of a new era, it becomes increasingly evident that the empowerment of women is not just a matter of equality; it is an economic imperative that can reshape the destiny of nations. In the pursuit of global progress, one strongly aligns with the pivotal role that women play in economic development. In recent years, the UAE has witnessed a remarkable surge in women’s entrepreneurship, a testament to the changing narrative surrounding women’s roles in the workforce. Women’s entrepreneurship grew by 68% in the UAE as the country offered more comprehensive support by building an entrepreneurial ecosystem, according to a report by Ascent Partners. There has never been a better time for a woman to establish a business in the UAE, with a rise in female investors, supporting organisations, and investment in new enterprises. The UAE has the highest number of women among the 100 most powerful Arab businesswomen listed by Forbes in 2020. The economic impact of women’s involvement is multifaceted. Beyond the realms of diversity and inclusion, women bring a unique perspective to business and decision-making. Studies consistently show that diverse teams, encompassing both genders, tend to be more innovative and resilient. With a strong entrepreneurial culture in the GCC region, the rate of startup businesses spearheaded by females represents an average of 40.9% in the GCC region, as women are finding ways to navigate unprecedented business growth. Furthermore, the economic development spurred by women is not confined to specific industries; it permeates across sectors. Whether in technology, finance, healthcare, or education, women are breaking barriers and leaving an indelible mark. Compared to this, only 47% of women are active in today’s labour markets worldwide, compared with 72% of men, according to the International Monetary Fund (IMF).
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