Middle-east Arab News Opinion | Asharq Al-awsat

The Saudi Woman – the Winning Horse in a New Economic Era | ASHARQ AL-AWSAT English Archive 2005 -2017
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Economic transformation and planning for the future to move beyond the age of oil to the age of energy, an alternative industrial revolution and investing in the work force are matters that occupy the minds of Saudi women who are interested in the world of economics. These women look forward to a new era that will enhance the durability of the national economy and are optimistic about the speedy planning for the post-oil stage, and the advance towards the new economic leap which will ensure the survival of Saudi Arabia as an actor on the map of major blocs in the world.

Today, the Saudi woman is advancing to become a key partner in looking to the future and experiencing all economic transformations in the country as we know that World Bank estimates show that the amount of money belonging to Saudi women held in local banks amount to around 60 billion riyals ($ 16 billion). These funds are either invested in family businesses and real estate or are deposited in bank accounts.

This data strengthens the position of women in Saudi Arabia and fuels their enthusiasm to work together with the “Saudi Vision 2030” that was announced yesterday to prepare Saudi Arabia for the post-oil period. Saudi women are being promised a new era in which they are key partners in future development and economic movements.

The President of the Executive Council of Businesswomen in eastern Saudi Arabia Manahil Al-Hamdan believes that “the transformation of the kingdom’s economy from dependence on a single source of national income to diversifying its sources has become an absolute necessity because of the implications of the decline in oil prices.” She added “It is also a necessity considering that the kingdom has been blessed with a number of resources that need to be re-discovered.”