Sunday, 24 June 2018

Why women behind the wheel will drive the Saudi economy

The women of Saudi Arabia won’t be the only ones celebrating the lifting of the driving ban by taking the wheel in big numbers.

The “teenage scribblers” — as one British politician famously described the cadre of analysts who deliver their verdicts on economic policy decisions — will also be reaching for their keyboards to assess what it means for gross domestic product (GDP), the industrial and services sectors, and the standard of living indices in the Kingdom.

So far, the effects have been regarded as almost wholly beneficial. In a nutshell, allowing women to drive will increase GDP significantly, boost the quantity and quality of the Saudi workforce, and enhance parts of the economy — like automotive production and sales, the insurance business, and the retail and medical sectors — that have been identified as crucial to the success of the Vision 2030 plan to diversify away from oil dependency.

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