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Feasibility Study: Women’s Handicraft Training Workshop Project
Feasibility Study: Women’s Handicraft Training Workshop Project
The goal of this project is to empower women and develop their skills by providing a hands-on educational environment where they can learn and master various handicrafts such as embroidery, jewelry making, knitting, natural soap making, pottery, and glass painting.
This project contributes to enhancing women’s capabilities and opens new opportunities for self-employment or launching small businesses. It also meets the growing societal demand for supporting cultural and economically valuable handmade crafts.
Investment Opportunity Content
Target Products and Services
Target Products and Services
The project focuses on delivering a range of training and educational services, including:
Regular training courses in various crafts
Weekend short workshops
Training programs aimed at empowering women in rural areas
Online courses to reach a broader audience
Organizing periodic exhibitions to showcase and market the trainees’ products
Providing raw materials and tools for training purposes
Market and Demand Analysis
Market and Demand Analysis
Handicrafts are gaining increasing popularity in the Saudi market, especially with the rising community interest in local, heritage-inspired products and the growing culture of supporting home-based and women-led businesses.
Additionally, Saudi Vision 2030 actively promotes women’s empowerment and increasing their participation in the national economy, which enhances the success prospects for such projects.
Demand comes from a wide audience, including students, housewives, women seeking additional income, and even NGOs looking for women’s training programs.
Investment Advantages
Investment Advantages
The project directly supports women’s economic empowerment and aligns with social development goals.
High scalability across various cities and rural areas.
Lower operational costs compared to production-based businesses.
Opportunities to partner with charitable organizations and government institutions.
Promises strong returns in the medium and long term.
Project Strengths
Project Strengths
Direct contribution to women’s skills development and labor market participation.
Flexibility to offer courses in-person or online.
Large and diverse target audience with strong growth potential.
Potential to expand into creative industries and modern crafts.
Ability to develop an online platform to sell trainees’ products.
Financial Indicators
Financial Indicators
The project requires an estimated initial capital of SAR 400,000, covering facility setup, equipment and supplies, trainers’ wages, and marketing expenses.
Financial forecasts indicate an expected internal rate of return (IRR) ranging between 22% and 27%, with a payback period estimated at 24 to 30 months, depending on market demand and expansion scope during the first two years.
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