(MENAFN- Emirates News Agency (WAM))
SHARJAH, 25th November, 2017 (WAM) -- H.H. Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of NAMA Women Advancement Establishment, NAMA, and wife of His Highness the Ruler of Sharjah, has called on governments, business communities and civil societies across the world to adopt more effective policies for the economic empowerment of women and an enhancement of their role in sustainable development.
Sheikha Jawaher Al Qasimi made the call as the UAE is set to host the first edition of the Women Economic Empowerment Global Summit, WEEGS, which is being held by NAMA in partnership with the UN Women on 4th and 5th December at Expo Centre Sharjah. The two-day summit has been convened to further the United Nation's 2030 Agenda for Sustainable Development, which was adopted by the UN General Assembly in September 2015.
Sheikha Jawaher highlighted the negative feedback loop of gender inequality in the workplace, saying that the world loses billions of US dollars daily and genuine opportunities to enhance direct and indirect investments because of the imbalance, a situation that further weakens women's ability to participate in economic development.
"It is time for investment in the precious human resource that is women to take a significant leap forward. Women are essential partners in communities' economic infrastructure. No country can achieve its peak intellectual and economic output without providing a legislative structure that lays the groundwork for a global economic system based on the principle of gender mainstreaming and equity," said Sheikha Jawaher.
"We are all required to take up our moral, political and humanitarian responsibilities towards millions of girls, women and children who have been living under the poverty line for decades. We all - countries, governments, companies and individuals - share a collective responsibility for denying millions of women around the world the ability to work, produce, create and innovate, consequently preventing them achieving economic independence and restricting their role in growing their societies," she continued.
Sheikha Jawaher called on business sectors in the region and the world to adopt action strategies and programmes for the implementation of the principle of gender equality and the empowerment of women in the workplace and job market.
"We call on the private sector to do more to engage women in the workplace to revitalise the world economic cycle. Tapping into their potential can add trillions of dollars to the global GDP over the next few years, according to estimates by the World Economic Forum. Studies by UN Women show that US$28 trillion could be added to the global GDP by 2025 if women are given equal opportunities and access to job markets and entrepreneurship," said Sheikha Jawaher Al Qasimi.
She went on to explain that the first edition of the WEEGS would provide an international platform for the forging of partnerships to achieve equal opportunities and gender balance by motivating the private sector to submit commitments to empower women in the workplace and the production cycle away.
"The commitment of the public and private sectors should not stop at appointing women in positions that allow them to achieve creativity and excellence, they should also support female entrepreneurs who have taken bold steps and set up their businesses by awarding them bids, contracts and procurements that ensure their enterprises can prosper and grow," she continued.
Citing the UAE's leading experience in women's empowerment, Sheikha Jawaher explained that since its establishment the UAE has implemented a strategy for equality, thanks to its wise leadership, which has provided women with their full rights to education and work. She noted that today Emirati women are entrepreneurs, ministers, ambassadors, pilots and doctors and drew attention to the UAE being ranked first in the GCC and second in the Arab world in the World Economic Forum's Global Gender Gap World Report. Her Highness also highlighted that the UAE ranked second globally in the index of wage equality for the same job.
She praised the UAE's announcement of the allocation of $5 million annually for UN Women for three years, as of 2018 - an initiative that she said illustrates the UAE's firm commitment to supporting efforts for women's empowerment globally.
WAM/Nour Salman/Rasha Abubaker
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