Saudi Arabia’s Ambitious Housing Goals Needs Empowered Women - Bloomberg:
A year ago, much of the conversation about women’s empowerment in Saudi Arabia centered on the government’s decision to let them drive. Other well-publicized reforms since then have opened up opportunities for women in the military and aviation, as well as access to previously proscribed or restricted spaces, like sports stadiums and music concerts.
But away from the headlines and photo-ops, Saudi women are also being empowered by gender-neutral policy changes. One example: the government’s aim to increase home ownership among citizens to 70% by 2030.
One essential requirement to reaching this goal is the growth of the mortgage industry, giving more young people—women as well as men—the opportunity to buy their first homes. Another is the acceleration of women’s employment: more working women will greatly expand the demand for mortgages among women looking to buy homes, either on their own or as part of dual-income families.
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