home icon

Saudi Aramco, PNU and Wipro Inaugurate First All – Women Business & Technology Park in Saudi Arabia

- Largest Hub in the Region for Engineering Drafting Services, IT and Business Process Services (BPS)
- Project Expected to Create 21,000 Jobs for Saudi Women within 10 Years
- Developed to Bridge the Gap between Academia and the Business World

Riyadh, Saudi Arabia - May 1, 2016: Saudi Aramco, Princess Nourah University (PNU) and Wipro Arabia Limited, a subsidiary of Wipro Limited, a leading information technology, consulting and business process services company, today inaugurated the Kingdom of Saudi Arabia's first all women Business & Technology Park. The project is expected to create nearly 21,000 jobs for Saudi women over a period of ten years.

The Women's Business Park (WBP) is a result of a joint venture between Princess Nourah University (PNU), the largest women's university in the world and Wipro Arabia Ltd. Saudi Aramco is the strategic advisor and anchor of this initiative. Dedicated to working women, this business park is a first of its kind project aimed at providing knowledge-based employment for women in the Kingdom of Saudi Arabia.

The joint venture agreement was signed today at a ceremony held at PNU, attended by H.E the Minister of Education, Dr. Ahmad Al-Issa, PNU Rector, H.E Dr. Huda Al-Ameel, Saudi Aramco President & Chief Executive Officer Mr. Amin H. Nasser, and Mr. Azim Premji, Chairman of Wipro Limited.

The Women’s Business Park is envisioned to be the largest Engineering Drafting Services, Business Process Services and Information Technology hub in the region for a number of industry sectors including Oil & Gas, Manufacturing, Government, Healthcare, Telecom and Construction.

The idea of the business park was conceived in September 2014 when Saudi Aramco signed a Memorandum of Understanding with PNU. Wipro joined the partnership because of its experience in managing talent and providing IT services to a multi-industry customer base. The joint venture will be responsible for developing the park's facilities and infrastructure as well as training and employing up to 21,000 Saudi women.

Dr. Huda Al-Ameel, Rector of Princess Nourah University said, "The goal of the Women's Business Park is to create 21,000 jobs by 2025 and give women a critical role to play in a way that serves the objectives of the nation and to build a knowledge economy with societal and international partnerships. We also aim to provide a start-up eco-system to upcoming entrepreneurial ventures. In a country where women represent about 60% of all university graduates, but less than 15% of the country's workforce, the Women's Business Park is poised to be a milestone initiative."

Mr. Amin H. Nasser, President and Chief Executive Officer of Saudi Aramco said, "As a strategic consultant to the Women's Business Park, we are happy to lend our expertise in the creation of world class facilities to empower Saudi women. This initiative is the result of a successful consortium among three respected entities and we appreciate the efforts involved in creating this one of a kind facility in the Kingdom."

Speaking about this partnership, Mr. Azim Premji, Chairman of Wipro Limited said, "Wipro has always extended support to the cause of women empowerment and it is our endeavor to foster an environment that encourages and enables more women to participate in business and tap their leadership potential. It has been more than a decade since Wipro began its operations in the Kingdom of Saudi Arabia and localization has always been an important aspect of our business strategy here. We are happy to be a partner in this initiative which strongly aligns with our values."

The park will be developed in the iconic PNU premises, and will include entrepreneur incubators, daycare centers and a one-stop coordination center for government transactions.

About Saudi Aramco:
Saudi Aramco is a world leader in integrated energy and chemicals. We are driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s crude oil supply to developing new energy technologies, our global team is dedicated to creating positive impact in all that we do. We focus on making our resources more sustainable and more useful. This promotes long-term economic growth and prosperity around the world. For more information, please visit www.saudiaramco.com

About Wipro Ltd.
Wipro Ltd. (NYSE:WIT) is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology.” By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 160,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com

About Princess Nourah University:
Princess Nourah University is a public women’s university located in Riyadh, the capital of Saudi Arabia. It is the largest university for women in the world. The university first existed in 1970 as the first College of Education for women in the Kingdom. Within the following 25 years, there were 102 similar colleges in 72 cities around the country, accommodating 60,000 students. There were 6 colleges in the city of Riyadh alone in the fields of education, social service, science, arts, and home economics.

In 2004, the birth of the first all-women university in the Kingdom of Saudi Arabia was announced: Riyadh University for Women and unified all 6 of the original colleges in the city of Riyadh. Other colleges around the Kingdom were unified and expanded in their respected regions into independent universities.

In 2008, the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz Al Saud inaugurated the campus and changed the university’s name to “Princess Noura Bint Abdul Rahman University” after Princess Nourah Bint Abdulrahman, the sister of the country’s first king and leader, King Abdulaziz. With this launch was the building of the World's largest and most modern women's institution of higher education in a self-contained higher education city. www.pnu.edu.sa/en

Media Contact:

Purnima Burman
+91 8039916224
purnima.burman@wipro.com

Forward-looking and Cautionary Statements

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Contact Wipro

Search Press Releases