More than 30 per cent of firms in the UAE’s SME sector are owned by women, according to UAE-based learning consultant, Carol Talbot.
She cited a recent study by the UAE’s Ministry of Economy that suggests Small and Medium Enterprises (SMEs) accounted for 60 per cent to the nation’s GDP in 2011. “Given that a third of SME’s are owned by women, then by default women in business contribute significant amount to the national purse,” said Talbot.
Looking further afield, Talbot also noted that the UAE statistics mirror global figures that show more than 30 per cent of registered businesses worldwide are female-owned entities. Indeed, by 2018, forecasts suggest that more than half of the 9.72 million jobs available in the SME sector in USA will be created by businesses owned by women.
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