Since his appointment as crown prince in 2017, Mohammed bin Salman Al Saud (MBS) has launched Vision 2030, a transformative agenda aimed at modernizing Saudi Arabia’s economy and society while reshaping its global image .

Vision 2030’s economic reforms focus on diversifying away from oil dependency by investing in sectors such as tourism, technology, entertainment, and infrastructure, with projects like NEOM—a $500 billion futuristic city—symbolizing this ambition .

The government has commissioned developments worth approximately $250 billion, contributing to a real estate and infrastructure project value exceeding $1.25 trillion, and aims to attract $100 billion in foreign direct investment by 2030 .

Tourism is a key pillar, with the goal of attracting 100 million visitors annually and raising tourism’s GDP contribution to 10% .

Social reforms under MBS have been equally significant.

The powers of the Wahhabi religious establishment have been curtailed, notably by restricting the religious police’s authority to enforce strict interpretations of Islamic law in public spaces, shifting their role toward community service and allowing greater personal freedoms .

This has enabled a more liberal social environment, with the introduction of concerts, cinemas, and sporting events that were previously banned .

Women’s rights have seen unprecedented progress.

The ban on women driving was lifted in 2018, and women can now travel without a male guardian, run businesses independently, and attend sporting events .

Vision 2030 set a target for women to comprise 30% of the workforce by 2030; as of early 2022, women made up over a third of the workforce, with a 17.4% increase in participation over five years and the lowest female unemployment rate in two decades .

Women’s representation in middle and senior management rose from 28.6% in 2017 to 39% in early

Since his appointment as crown prince in 2017, Mohammed bin Salman Al Saud (MBS) has launched Vision 2030, a transformative agenda aimed at modernizing Saudi Arabia’s economy and society while reshaping its global image .

Title:

Content: Saudi National Day: Kingdom's women and young people shaping the future

UN official Jood Alharthi tells The National that young people in the kingdom are becoming 'change-makers'

Powered by automated translation

Saudi women are taking charge of representing the kingdom across different sectors and positions regionally and globally, some of its most well-known women told The National.

Saudi Arabia's Vision 2030, led by Crown Prince Mohammed bin Salman, champions women empowerment, which is a key component of reforms in the kingdom.

Jood Al Harthi, the first woman to be appointed as political affairs officer at the Executive Office of the Secretary General of the UN in New York, spoke to The National ahead of Saudi National Day on Saturday.

She said “today more than ever”, the kingdom is making an impact in the space of international co-operation, development, multilateralism and diplomacy.

She said the King Salman Relief Centre had “unarguably expanded” its global reach and scale, with its top projects the previous year focusing on emergency relief co-ordination, food security and early recovery.

“It’s worthy to note that more and more young Saudis have rushed to become volunteers and change-makers for such causes,” she said.

The empowerment of women and youth engagement are top priorities within the kingdom's Vision 2030 initiative.

It is through such initiatives that the kingdom can create a platform for the next generation of Saudi women to “thrive”, said Princess Reema bint Bandar, the kingdom's ambassador to the US.

“We can contribute to break down the barriers in the biases that hold women back and we can foster a world where the next generation of women can thrive,” she said.

“And when we do that, we’ll not only create a more equal and inclusive society but also a more prosperous one. We need more women in leadership roles paving the way.”

Princess Reema, who was appointed ambassador to the US by the Saudi Crown Prince in 2019, said the kingdom needs more female business leaders to reach its potential.

“We need more women in middle management positions continuing the work,” she said.

“We need more women business owners, more mentorship programmes focused on female success, and more people investing in women-led start-ups.”

In 2023, Saudi Arabia sent its first Saudi female astronaut, Rayyanah Barnawi, to the International Space Station.

And Saudi women are rising to top positions across the world, from astrophysics, politics, technology and other industries.

The kingdom has hosted high-level summits over the past year, including the Arab League Summit.

It has allowed the kingdom to further empower its women to take leading roles in its international vision, Ms Alharthi said.

“We’ve seen an increase of women ambassadors, youth representatives and recruitment,” she said.

“As the kingdom marks its National Day, we must recall the huge contributions that make headlines, but most importantly, let us also celebrate the unheard successes and the many transformative plans and dreams in progress.”

She said Saudi Arabia continues to support the voices of the Muslim community globally, and speak against cases of Islamophobia and hate speech to boost peaceful coexistence.

Updated: September 23, 2023, 3:00 AM

Title:

Content: Saudi Arabia jumps 10 places in global tourism ranking

Saudi Arabia moved up 10 places to 33rd in the world overall, in the 2021 World Economic Forum (WEF) Travel and Tourism Development Index, which was released yesterday at Davos.

The independent index benchmarks 117 countries on 17 pillars crucial to the development and resilience of their travel and tourism industries. Saudi Arabia moved from 43rd in 2019 to 33rd in 2021, the second largest rise in rankings, as a result of improvements across almost all indicators.  This is the first report to be produced since Saudi Arabia opened for international tourism in September 2019.

In 2019, Saudi Arabia launched the National Tourism Strategy, a clear plan to drive forward the aims of Vision 2030. These aims will increase the contribution of the tourism sector to 10% of GDP, create 1million new jobs, and attract 100 million local and international visits annually by 2030.

Neom, Saudi Arabia

The World Economic Forum’s Travel and Tourism Development Index is a key indicator of Saudi Arabia’s extraordinary journey as a global tourism leader. Saudi Arabia’s leadership, resources and ambition are driving the monumental growth of the sector and delivering on Vision 2030 goals.

ADVERTISEMENT

His Excellency Ahmed Al Khateeb, Minister of Tourism of Saudi Arabia said: “I am proud of the progress the Kingdom has made through our Vision 2030 reforms as we have opened to the world. Our success is demonstrated by our strong investment in the tourism sector – from creating jobs opportunities for citizens to working with global partners who are invested in our transformation.”

Habitas Al-Ula: Saudi Arabia’s incredible new sustainable hotel

“Our ranking is proof that since 2019, despite the global pandemic, Saudi Arabia has demonstrated incredible global leadership as a new tourism destination. We have made it easier to invest and create tourism businesses in the Kingdom. Last year saw a record for domestic visits. And top global companies are recognising our commitment and are joining us.”

The WEF’s new Travel & Tourism Development Index measures against a set of factors that enable the sustainable and resilient development of the Travel and Tourism sector, which in turn contribute to national development.

The 2021 edition of the index highlights the vital need to invest in tourism, the impact of COVID-19 and how sector stakeholders can draw on development strategies to build back better. Amid current challenges, shifting demand and future risks, a more inclusive, sustainable and resilient sector must be created.

Saudi’s higher score was achieved by improvements across 12 out of 17 KPIs. Highlights include an improvement from 27th to 10th for business environment, an improvement from 47th to 40th for tourism services and a best in world ranking for managing demand pressure and impact.

This significant improvement in Saudi’s ranking reflects not only considerable investment into tourism but also its global leadership in future-proofing the sector. Focused on sustainable and resilient development, Saudi is bringing together key players in the sector to build a future for tourism that is better for all.

Meanwhile, Riyadh, capital of the Kingdom of Saudi Arabia, will host the World Travel & Tourism Council 22nd Global Summit from 29 November to 2 December this year, with the global leaders of travel and tourism in attendence.

What are some of the key goals of Vision 2030 for society and economy?

What has MBS done since becoming Crown Prince in Saudi Arabia?

What are some of the key goals of Vision 2030 for society and economy?

What has MBS done since becoming Crown Prince in Saudi Arabia?

Vision 2030’s economic reforms focus on diversifying away from oil dependency by investing in sectors such as tourism, technology, entertainment, and infrastructure, with projects like NEOM—a $500 billion futuristic city—symbolizing this ambition .

Title:

Content: RIYADH — Saudi Crown Prince and Prime Minister Mohammed bin Salman highlighted the remarkable achievements made by Saudi Arabia ever since the launch of its Vision 2030 and the government’s relentless efforts to implement structural reforms in the financial and economic sectors. The Crown Prince, who is also chairman of the Council of Economic and Development Affairs, said this in a statement issued on the occasion of the approval of the state’s general budget for the fiscal year 2024 by the Council of Ministers on Wednesday.

Prince Mohammed bin Salman underscored that the Kingdom is witnessing sustainable economic growth in light of the great development capabilities and opportunities that the Kingdom enjoys within the framework of the Vision 2030 to enable it to move forward towards a better future worthy of its status in accordance with the directives of Custodian of the Two Holy Mosques King Salman. “This produced a clear and prominent impact on the growth of the gross domestic product (GDP) of non-oil sectors.”

The Crown Prince affirmed the commitment made by the government in the budget for the fiscal year 2024 so as to enhance economic growth through the expansion of government spending. “The budget figures announced by King Salman come supportive and enabling many programs and initiatives. These include investments to strengthen infrastructure, raise the quality of services provided to citizens, expatriates and visitors, in addition to developing promising economic sectors, enhancing investment attraction, stimulating industries, and raising the proportion of local content and non-oil Saudi exports,” he said while praising the effective and important role of the Public Investment Fund (PIF) and the National Development Fund.

The Crown Prince emphasized that work would continue to develop the Kingdom’s public financial performance, by increasing financial capacity and building government reserves, in a way that enhances the capacity of the Kingdom’s economy, maintains sustainable levels of public debt, and enables it to confront any developments or crises that may arise in the future. “The increase in spending is mainly due to the government’s keenness to continue developing the level of public services provided to citizens, expatriates and visitors, as well as to implement many projects and expand spending on sectoral and regional development strategies that would achieve positive structural changes, leading to expanding and diversifying the economic base,” he said.

The Crown Prince stressed the government’s keenness on developing and strengthening partnership with the private sector so as to enable and motivate it to play its major role in achieving economic diversification, as far as to enable the labor market to absorb more of the Saudi workforce, create job opportunities in the labor market and reduce unemployment rates among Saudis. “The total number of Saudis in the labor market this year jumped to 2.3 million, in addition to improving the investment environment to be an attractive environment that contributes to raising the proportion of domestic and foreign investment, developing non-oil exports and improving the non-oil trade balance of payments,” he said.

The Crown Prince emphasized that the journey of economic diversification continues through supporting promising sectors, as the Kingdom works to raise tourism targets to 150 million visitors internally and externally by 2030 in addition to building an effective sports sector through the “Investment and Privatization Project for Sports Clubs,” in order to achieve the goals of the Vision 2030 in the sports sector, as these sectors are witnessing rapid growth and providing diverse opportunities.

Prince Mohammed bin Salman reiterated the Kingdom’s determination to develop its industrial sector, as it is one of the most important vital sectors in the Saudi economy, by diversifying the industrial base and value chains through the “National Strategy for Industry'', which focuses on 12 sub-sectors to diversify the industrial economy and raise the industrial domestic product by around three times compared to the year 2020, reaching SR895 billion in 2030 to be a major contributor to the development of non-oil exports. This is in integration with the important role of the PIF as it is the investment arm that contributes and complements the efforts undertaken by the government in diversifying the economy, and the pivotal role of the National Development Fund and its affiliated funds in providing concessional financing to the private sector, he pointed out.

Speaking about the pivotal and leadership role of the Kingdom, the Crown Prince stressed the Kingdom’s role regionally and internationally, and its endeavor to ensure that the countries of the world enjoy security and stability, as they are the main factors for development and prosperity, and its keenness to develop and stabilize supply and value chains in a way that serves the development and economic prosperity of all countries of the world.

The Crown Prince stressed the Kingdom’s determination to continue the development momentum during the coming year and in the medium and long term with boosting the attractiveness of the Kingdom’s economy as a base for local and foreign investments besides diversifying the economy through the development of all economic sectors.

© Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

How has Saudi Arabia diversified its economy under Vision 2030?

To drive development in high-tech
To reduce Saudi Arabia's oil dependence

What are some of the key goals of Vision 2030 for society and economy?

Diversify the economy from oil
modernize infrastructure

What are the main goals of the 2016- launched Vision 2030?

To lessen reliance on oil.
To diversify Saudi Arabia's economy

What has MBS done since becoming Crown Prince in Saudi Arabia?

How has Saudi Arabia diversified its economy under Vision 2030?

To drive development in high-tech
To reduce Saudi Arabia's oil dependence

What are some of the key goals of Vision 2030 for society and economy?

Diversify the economy from oil
modernize infrastructure

What are the main goals of the 2016- launched Vision 2030?

To lessen reliance on oil.
To diversify Saudi Arabia's economy

What has MBS done since becoming Crown Prince in Saudi Arabia?

The government has commissioned developments worth approximately $250 billion, contributing to a real estate and infrastructure project value exceeding $1.25 trillion, and aims to attract $100 billion in foreign direct investment by 2030 .

Title:

Content: Value of Saudi Arabia's real estate and infrastructure projects top $1.25tn

The kingdom has commissioned developments worth $250 billion since it announced Vision 2030 in 2016, Knight Frank says

Powered by automated translation

The value of real estate and infrastructure projects announced since Saudi Arabia rolled out its National Transformation Plan in 2016 has crossed $1.25 trillion, agency Knight Frank has said.

With the execution deadline of the end of this decade fast approaching, the kingdom has commissioned projects worth $250 billion so far since the launch of its Vision 2030 economic and social diversification programme, the global real estate consultancy said in its annual Saudi Giga Projects report.

Saudi Arabia, the Arab world’s biggest economy and Opec’s top oil producer, is aiming to cut its dependence on the sale of hydrocarbons.

Riyadh’s overarching Vision 2030 agenda seeks to further develop the kingdom’s industrial base, broaden the country’s infrastructure and advance sectors including real estate, health and education to create more jobs for its rapidly expanding population.

The development of the tourism and hospitality sector is one of the central planks of Vision 2030. Saudi Arabia’s sovereign investment arm, the Public Investment Fund, is backing several projects in the kingdom including the $500 billion futuristic city Neom, and multi-billion-dollar developments on the Red Sea coast, as well as in Riyadh.

“Arguably one of, if not the most, expansive real estate development programmes ever seen in the world is gathering pace in Saudi Arabia as the 2030 deadline nears to realise Vision 2030,” Faisal Durrani, partner and head of Mena research, said.

Saudi Arabia, which was the fastest-growing major economy last year, aims to receive 100 million tourists by 2030 and is investing heavily in expanding its retail and hospitality offerings.

Knight Frank said the value of real estate and infrastructure projects across the western half of the country has climbed to $687 billion.

“The western half of the kingdom contains the highest concentration of headline-grabbing projects in the country, including of course Neom,” Harmen de Jong, partner and head of strategy, Saudi Arabia, at Knight Frank said.

In the last year, authorities announced various sub-components in Neom, including Trojena, the host location for the 2030 Asian Games, as well as Sindalah, a luxury island that will be the first of Neom’s projects to materialise.

“Neom overall is also progressing rapidly, with $70 billion of projects now awarded, 45 per cent of which has been completed,” he said.

The transformation is “clearly visible across the entire urban landscape”, as the planned giga projects are set to vastly expand the residential, office, retail, hospitality and industrial offerings to accommodate the projected population growth to 50 million by 2030, the report said.

Riyadh, in particular, is a hive of development activity and currently accounts for 18 per cent of all real estate projects under way, totalling about $229 billion, Knight Frank said.

The volume of residential units planned has climbed 30 per cent over the past 12 months to 660,000 units, which is “welcome news” for prospective homeowners.

A rise in the values of residential properties in recent quarters led to a nationwide decline in the volume of homes being sold in the kingdom, according to the report.

“Affordability is still a key hurdle for many buyers and so price points for the new inventory will be critical to reigniting domestic demand,” Mr Durrani said.

In the commercial market, 5.3 million square metres of retail space is now planned, with a further 289,000 hotel rooms that “will go some way to supporting Saudi Arabia’s goal of hosting 100 million visitors by 2030”, he said.

The office real estate pipeline in the kingdom is also steadily growing, reaching six million square metres.

“The swelling of the office pipeline is set against a backdrop of a severe shortage of prime Grade-A space in cities such as Riyadh, which stands in stark contrast to other global centres where occupancy levels still trail pre-pandemic levels,” Mr Durrani said.

Updated: September 07, 2023, 3:00 AM

Title:

Content: Contact Us

Saudi king fires public security chief on corruption allegations

Saudi King Salman bin Abdulaziz on Tuesday dismissed the country's director of public security. Al-Harbi stands "accused of committing a number of crimes, including forgery, bribery, and abuse of power, with the participation of 18 people from the public and private sectors."

AFP WORLD
Published September 08,2021
Subscribe
Saudi Arabia's King Salman has dismissed the director of public security, Khalid bin Qarar al-Harbi, ordering his investigation on corruption charges, state media reported Wednesday.

"Khaled al-Harbi's service has been terminated by referring him to retirement and to an investigation," said the official Saudi Press Agency, citing a royal decree.

Harbi -- along with 18 others in both the private and public sectors -- has been accused of embezzling public money, forgery, bribery and abuse of influence, it added.

Harbi has been the kingdom's director of public security since December 2018, and he had previously been the commander of special emergency forces, according to local media.

The kingdom announced Tuesday night that it has uncovered more than dozen cases of corruption -- one of which involved a national security official -- in recent months, for sums worth 290 million riyals ($77.3 million).

Saudi Prince Mohammed bin Salman, known as MBS, the king's son, launched in 2017 a vast anti-corruption campaign shortly after his appointment as crown prince.

The campaign saw Riyadh's luxury Ritz-Carlton hotel serve for three months as a makeshift detention centre for dozens of princes and senior officials suspected of graft or disloyalty.

Already viewed as the de facto ruler controlling all the major levers of government, from defence to the economy, Prince Mohammed is widely seen to be stamping out traces of internal dissent.

Saudi authorities have allocated a toll-free hotline for residents to report any suspicious corruption activity, with banners across the kingdom urging people to cooperate with the anti-corruption campaign.

Saudi Arabia, which ranks 51 out of 180 countries on Transparency International's corruption index, has for decades faced endemic graft and the deeply ingrained social practice of "wasta", or using influence and personal connections to get ahead.

Prince Mohammed told the advisory Shura Council in 2019 that the anti-corruption campaign had yielded 247 billion riyals ($66 billion) over the past three years in addition to assets, real estate and stocks worth billions more.

What are some of the key goals of Vision 2030 for society and economy?

What are the main goals of the 2016- launched Vision 2030?

To diversify Saudi Arabia's economy
To attract foreign investment

What are some of the key goals of Vision 2030 for society and economy?

What are the main goals of the 2016- launched Vision 2030?

To diversify Saudi Arabia's economy
To attract foreign investment

Tourism is a key pillar, with the goal of attracting 100 million visitors annually and raising tourism’s GDP contribution to 10% .

Title:

Content: Moderate ideology: The silent Saudi revolution

Sports events, movie screenings, art exhibitions and music concerts are becoming increasingly common in the kingdom, and Saudi citizens are lapping them all up.

Published: 25th July 2023 12:34 AM  |   Last Updated: 25th July 2023 12:45 AM   |  A+A-

It has been ‘work in progress’ for some time now. Saudi Arabia is changing the tone and texture of its ideology from what has always been considered obscurantist to something that keeps with the times. Sports events, movie screenings, art exhibitions and music concerts are becoming increasingly common in the kingdom, and Saudi citizens are lapping them all up.

The kingdom has rapidly secured its position as a centre for cultural events, art exhibitions and film screenings. The nation’s Vision 2030 envisages and fully supports the expansion of the entertainment market to SR30 billion. Almost every domain of entertainment for which Saudi citizens earlier travelled far and wide is now available at home. This is thanks to a break from the past that the de facto ruler, Mohammad bin Salman (MbS), the Crown Prince, has initiated. It makes eminent sense in a nation seeking to develop itself beyond the energy sector with three visionary themes: a vibrant society, a thriving economy and continuity in terms of ambition in comprehensive development.

All this translates into a modern civilisational outlook with technology, intellectualism, private investment, trade, tourism, academics and more, all becoming the prime domains of functioning. The traditional worldwide perception of Saudi Arabia as the centre of the obscurantist ideology of Islam and a nation with an anti-reformist outlook has persisted, and not without reason. A brief understanding of this is important to appreciate the degree of change that Prince MbS has been able to generate.

As the custodian of the Holy Shrines of Mecca and Medina and the land where Islam’s first message was delivered, the Saudi rulers and clergy have always been all-powerful, even more so after adopting the core ideology expounded by Saudi thinker Muhammad ibn Abd al-Wahhab. There is a long history behind this.

A virtual pact between the powerful clergy and the Royal Family has existed to promote the Wahhabi ideology in return for the powers that the Royals enjoyed. The pact saw enhanced clergy power after 1979 when the Shia Revolution occurred in Iran, the Saudi Ikhwan attempted a takeover of the Holy Shrine at Mecca, and the Soviets invaded Afghanistan. Wahhabi ideology was about going back to the basics and making the faith much less tolerant by supporting ‘Takfir’, or the power of declaration of a believer as an apostate if Wahhabi tenets are not adhered to. The militant part of the ideology started to come to the fore after 1979. From segments of the Arab world to Afghanistan, Pakistan, parts of India, Indonesia, Philippines and other Southeast Asian nations, militancy promoting the Saudi brand flourished, giving rise to the notion of a clash of civilisations.

Saudi Arabia’s energy resources always dictated US policy. A grey zone existed here with simultaneous US support to Israel and Saudi Arabia, stacked primarily against Iran and the collective Arab will against Israel. A couple of factors brought the trigger for change. Among them were the discovery of shale gas in the US and the progressive decline in US dependency on Saudi energy resources. Second was the dwindling Saudi economy and the realisation that in an energy-based economy, without expansion into other domains of economic development, such as trade, technology, tourism, investments, entertainment and intellectual research, Saudi Arabia would waste its opportunities and resources. The tremendous advantage of being the centre of the Islamic world could give it enduring leadership status if it could neutralise the rising militancy within Islam. Nations all around, such as the UAE, had fully utilised their possessions and drawn major economic attraction due to pragmatism followed in all domains, including faith issues. The position of women in Saudi society, in particular, had a damning effect on the nation.

Nothing changes without a leader and a vision. Saudi Arabia was fortunate to get MbS, although his personal equation with the US has remained strained for various reasons, not the least being the Khashoggi factor. However, none of that has affected his intent of modernising the nation and for that, a more moderate form of Islam within the kingdom is necessary. To his credit, he has convinced the clergy of the need to follow his vision, which will also project Islam differently to many others who follow the Saudi guidelines on faith.

Sheikh Mohammed bin Abdul Karim Al-Issa, from Saudi Arabia, who recently visited New Delhi for six days, is the Secretary General of the Muslim World League. The organisation was once at the forefront of promoting obscurantist ideology but is now transformed, as is evident from Sheikh al Issa’s message in New Delhi. The Sheikh’s belief which he transparently shared is that a whole generation of Muslims has grown up with an ideology that has given them a negative view of other faiths and an intolerantly sectarian understanding of their own.

In his several meetings with intellectuals, leaders and clergy from diverse faiths in India, he emphasised the role of the clergy in any faith. He admitted that Islam had earned a bad name for itself due to the acts of a few and the refusal of the followers to condemn those acts. He spoke of the role of family and education and decried religious teachers’ unsupervised education of young Muslim children. He mentioned that when intolerance and militancy were rising, people feared confronting them. His most poignant argument was that such obscurantism and militancy cannot be eliminated in the typical military way; they have to be removed from the roots by narratives stronger than the ones expounded.

Sheikh Al-Issa’s visit to India was symbolic of what appears to be the fading of the intolerant and militant element of Islam, but we cannot read too much into this. That change is taking place at the ideological centre is positive, but there is no guarantee of permanency. It is also not necessary that the message from Saudi Arabia is gelling with the vast Muslim populations worldwide. These populations are enmeshed with their local cultures and unlikely to follow examples. What is true is that a message supporting reformation has emanated from the nation considered the custodian of the shrines and, by many, of the faith. Nurturing this and taking it beyond is now the challenge.

Lt Gen Syed Ata Hasnain (Retd)

Former Commander, Srinagar-based 15 Corps. Now Chancellor, Central University of Kashmir

(atahasnain@gmail.com)

flipboard facebook twitter whatsapp

How has Saudi Arabia diversified its economy under Vision 2030?

What are some of the key goals of Vision 2030 for society and economy?

What are the main goals of the 2016- launched Vision 2030?

How has Saudi Arabia diversified its economy under Vision 2030?

What are some of the key goals of Vision 2030 for society and economy?

What are the main goals of the 2016- launched Vision 2030?

Social reforms under MBS have been equally significant.

The powers of the Wahhabi religious establishment have been curtailed, notably by restricting the religious police’s authority to enforce strict interpretations of Islamic law in public spaces, shifting their role toward community service and allowing greater personal freedoms .

Title:

Content: (Bloomberg) -- It’s only a matter of time before Saudi Arabia starts attracting more foreign direct investment to support Crown Prince Mohammed bin Salman’s economic diversification drive, according to boutique firm deNovo Partners.

The lack of meaningful FDI so far isn’t “something that will be there forever,” said May Nasrallah, a former Morgan Stanley banker who founded the Dubai-based advisory and serves as its executive chairwoman.

Changes in regulation and clarity on rules around bankruptcy law, for example, are needed to draw in greater sums of international capital, she said in a Bloomberg television interview on the sidelines of the Qatar Economic Forum.

Saudi Arabia’s goal to lure $100 billion of overseas money by 2030 seems out of reach for now, with many potential investors still viewing the country as somewhat of a risky bet, Bloomberg has reported. The kingdom wants external capital to help ease the spending burden on mega projects and other initiatives aimed at diversifying away from oil.

Nasrallah’s own advisory shop earlier this year secured a provisional license to operate in Saudi Arabia, joining numerous other boutique and investment banks rushing to the kingdom.

While Saudi Arabia has made a wealth of changes to rules and regulations aimed at making it easier to navigate the investment environment, there’s still an “issue of perception” and “issue of practicality” that may be limiting the inflow of capital, Nasrallah said.

“But they’re certainly heading in the right direction and doing a lot,” she said.

In a sign of the need for more capital, executives from so-called giga projects like Neom and Qiddiya were out in force this week at events in the capital city of Riyadh to pitch themselves to potential partners and investors. Neom also recently held a show-and-tell for bankers.

Finance Minister Mohammed Al-Jadaan has previously said some Vision 2030 projects would be delayed, while others are accelerated as the kingdom considers its funding needs, among other things. Saudi Arabia is also trying to avoid a scenario where the economy overheats, stokes inflation and leads to more imports for things like building materials for projects.

“Jadaan has been very smart in the way he has handled the hiccups facing the Saudi gigaprojects,” Andrew Hammond, Middle East historian at Oxford University, said at QEF. “He doesn’t deny any problems in maintaining funding lines.”

“He turns it around as a positive that allows for reassessing and streamlining them,” he said. “It’s the best answer. In any case, no one ever took seriously the idea that they would all be ready by 2030.”

(Updates with Jadaan comments, quote in final paragraphs)

©2024 Bloomberg L.P.

Title:

Content: Johnny Depp's bizarre bromance with MBS: Pair have a 'genuine connection' and Pirates of the Caribbean star has 'become a believer that Saudi Arabia is in the midst of a cultural revolution'

  • The Pirates of the Caribbean star has struck up a friendship with Saudi Arabia 's Crown Prince Mohammed bin Salman after the kingdom's ruling family invested millions in his latest film project
  • MBS has spent billions under his Vision 2030 plan to make Saudi Arabia a cultural and economic powerhouse
  • Depp insists that Saudi Arabia, a country plagued by accusations of human rights abuses, is experiencing a 'cultural revolution'

Johnny Depp has struck up a bizarre friendship with Saudi Arabia's Crown Prince Mohammed bin Salman after the kingdom's ruling family invested millions into the actor's latest film.

MBS has spent billions under his Vision 2030 plan to make Saudi Arabia, plagued by accusations of human rights abuses, a cultural and economic powerhouse by investing in the arts, sports and forging personal connections with stars.

Depp, 60, first met MBS, 38, after filming Jeanne du Barry, which Saudi Arabia had invested millions, in the summer of 2022.

'They made a genuine connection. It's a shock to many of the people who know [Depp], but it's what happened' a friend of Depp's told Vanity Fair

Both men have faced a reckoning in the public perceptions of their carefully crafted images in recent years.

Depp was found to have domestically abused his ex-wife Amber Heard when he lost a libel case in the UK in 2020.

Johnny Depp, 60, first met MBS, 38, after filming Jeanne du Barry, which Saudi Arabia had invested millions, in the summer of 2022 (pictured at the Red Sea International Festival in 2023)

Johnny Depp has struck up a bizarre friendship with Saudi Arabia 's Crown Prince Mohammed bin Salman (pictured)

Two years later a series of further disturbing details, including accusations of sexual abuse, were made public after he successfully sued Heard for libel two years later.

MBS, once a favorite among Western leaders who considered him a great reformer, irrevocably harmed his image by sanctioning the murder of journalist Jamal Khashoggi in 2018.

Depp insists that Saudi Arabi is experiencing a 'cultural revolution.'

'Though I admit I was somewhat naïve at first to what was transpiring in the region, I've since experienced firsthand the cultural revolution that is happening there' Depp told Vanity Fair.

The country has 'emerging young storytellers radiating fresh ideas and works of art to a blossoming film infrastructure and a newfound curiosity for innovation' her explained.

Adding: 'I've had the opportunity to meet people from various parts of the region who have been most welcoming in sharing with me their culture, their traditions, and their stories.'

Indeed, MBS has spent hundreds of billions on sports, tourism, the arts and other ventures such as real estate to move the country away from its dependence on oil money and become a diversified economic powerhouse.

MBS' Vision 2030 plan has made the entertainment industry, including film production, as key focus as it increases tourism and cultural perception of the kingdom but also encourages the country's 30 million residents to do their leisure spending domestically.

Depp met with Prince Badr (left), the kingdom's culture minister in July 2022 while filming his French period film

Depp told Vanity Fair that Saudi Arabi is experiencing a 'cultural revolution'

Depp was found to have domestically abused his ex-wife Amber Heard when he lost a libel case in the UK in 2020

The Kingdom's Public Investment Fund (PIF) has invested millions in establishing the LIV Golf tournament, attracting players such as Dustin Johnson and Sergio Garcia.

The PIF also provided the bulk of the funds for a Saudi takeover of Newcastle United football club in 2021, a controversial deal that became a hot button issue for the UK government.

'We're making up for lost time and making sure that our country realizes its potential,' a Saudi government adviser told Vanity Fair.

Depp previously associated with another Saudi prince, Abdulaziz bin Fahd, but a member of his entourage was convicted of raping a woman in 2012 at the Plaza Hotel in Manhattan, where the prince had rented out a block of rooms.

Prince Abdulaziz stopped appearing in public in 2017, having been detained by MBS along with 300 of Saudi Arabia’s richest men on suspicion of corruption.

The prince  eventually reemerged, smiling for a photo with MBS, but he has kept a very low profile ever since.

The sudden disappearance reportedly made Depp wary of an initial meeting with any further Saudi royals.

However, he was talked around and met with Prince Badr, the kingdom's culture minister in July 2022.

A few months later he flew to Jeddah for the 2022 Red Sea Film Festival and during the trip was introduced to the Crown Prince.

Depp visited again in early 2023 and was invited to MBS’s royal camp in the mountains.

The actor also flew on multiple occasions by helicopter to MBS’s yacht, one of the largest in the world.

The two men are now close friends, according to Vanity Fair, and friends of Depp told the publication he values the friendship and doesn’t want anything in return.

However, Depp's team are in talks with the Saudi government are in talks over a seven figure deal for him to attend events and shoot films in the country, the outlet reported.

The comments below have not been moderated.

The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.

How has Vision 2030 affected women's rights and workforce participation?

How has the role of the Committee for the Promotion of Virtue and the Prevention of Vice changed under Muhammad bin Salman?

Has been reduced to morality awareness campaigns and COVID-19 efforts.

No longer acts as the de facto religious police.

What are some of the key goals of Vision 2030 for society and economy?

allow recreational activities; Saudi women benefit from relaxed restrictions

What has MBS done since becoming Crown Prince in Saudi Arabia?

How has Vision 2030 affected women's rights and workforce participation?

How has the role of the Committee for the Promotion of Virtue and the Prevention of Vice changed under Muhammad bin Salman?

Has been reduced to morality awareness campaigns and COVID-19 efforts.

No longer acts as the de facto religious police.

What are some of the key goals of Vision 2030 for society and economy?

allow recreational activities; Saudi women benefit from relaxed restrictions

What has MBS done since becoming Crown Prince in Saudi Arabia?

This has enabled a more liberal social environment, with the introduction of concerts, cinemas, and sporting events that were previously banned .

Title:

Content: Vision 2030

Saudi Crown Prince meets with Kingdom’s Axiom Mission 2 crew ahead of launch

Published: Updated:
Enable Read mode
100% Font Size

Crown Prince Mohammed bin Salman offered support and encouragement to Saudi Arabia’s Axiom Mission 2 (Ax-2) crew, which includes the Kingdom’s first female astronaut to launch to the International Space Station (ISS) next month.

The Crown Prince met with Rayana Bernawi, Ali al-Qarni, Mariam Fardous and Ali al-Ghamdi ahead of the launch of the scientific mission, the Saudi Press Agency (SPA) reported on Monday.

Crown Prince Mohammed bin Salman offered support and encouragement to Saudi Arabia’s Axiom Mission 2 (Ax-2) crew. (SPA)

For all the latest headlines follow our Google News channel online or via the app.

The Kingdom will make history with this mission which includes Bernawi as the first Saudi, Muslim and Arab woman to fly to space, and al-Qarni as the first Saudi astronaut to arrive at the ISS, SPA said.

Fardous and al-Ghamdi have been trained on all the mission requirements that are part of the Saudi Space Commission’s spaceflight program.

Bernawi and al-Qarni will be part of the four-person Axiom Mission 2 (Ax-2) space crew aiming to blast off from the Kennedy Space Center in Florida on May 8. The mission is an accomplishment that aligns with the Kingdom’s Vision 2030.

Ali al-Qarni and Rayyanah Barnawi - members of the inaugural Saudi national astronaut program - will part of the four-man crew Axiom-2 mission to blast off from the Kennedy Space Centre in Florida. (Supplied: Axiom)

The Crown Prince congratulated the astronauts for passing the qualifying program while underlying the importance of the “space sector as a major pillar in enhancing the Kingdom’s global competitiveness, emphasizing at the same time the significance of space exploration in serving science and humanity,” SPA said.

The Crown Prince told Bernawi and al-Qarni that they reflect on the abilities and ambitions of the Saudi people, adding that the “Saudi people are pinning great hopes on [them] as ambassadors and representatives of the Kingdom at the ISS in a mission that has noble objectives to empower mankind, protect the planet and open new horizons for research in health and sustainable environment.”

The astronauts expressed their full readiness for the mission while promising to “leave their mark in space exploration and research.”

Read more:

Saudi Arabia to send first female astronaut to the International Space Station

Saudi-crewed space mission to ISS announces launch date

Meet the first ever Saudi astronauts to head to the International Space Station

Advertisement

How has Saudi Arabia diversified its economy under Vision 2030?

How has the role of the Committee for the Promotion of Virtue and the Prevention of Vice changed under Muhammad bin Salman?

Has been reduced to morality awareness campaigns and COVID-19 efforts.

No longer acts as the de facto religious police.

What are some of the key goals of Vision 2030 for society and economy?

allow recreational activities; Saudi women benefit from relaxed restrictions

What has MBS done since becoming Crown Prince in Saudi Arabia?

What new permissions have Saudi women gained under Mohammed bin Salman's rule?

How has Saudi Arabia diversified its economy under Vision 2030?

How has the role of the Committee for the Promotion of Virtue and the Prevention of Vice changed under Muhammad bin Salman?

Has been reduced to morality awareness campaigns and COVID-19 efforts.

No longer acts as the de facto religious police.

What are some of the key goals of Vision 2030 for society and economy?

allow recreational activities; Saudi women benefit from relaxed restrictions

What has MBS done since becoming Crown Prince in Saudi Arabia?

What new permissions have Saudi women gained under Mohammed bin Salman's rule?

Women’s rights have seen unprecedented progress.

The ban on women driving was lifted in 2018, and women can now travel without a male guardian, run businesses independently, and attend sporting events .

Title:

Content: Saudi National Day: kingdom's women celebrate drive towards equal opportunity

Female executives cite "progressive leadership" for their achievements

Beta V.1.0 - Powered by automated translation

As they prepare for the 92nd Saudi National Day on Friday, Saudi women are celebrating the nation's progress and their rise to leadership positions across different sectors.

Saudi women have always coveted more visible and pertinent roles in society, and the kingdom's Vision 2030 is the catalyst that has made them possible.

Saudi Arabia had developed a diversified economy thanks to its “progressive leadership”, Dr Manar Al Moneef, Chief Investment Officer at the kingdom's $500 billion city of the future Neom, told The National.

“We are proud of the incredible accomplishments that have ignited the pride of our people all over the kingdom and we continue to strive for greatness,” she says.

“Neom will continue to be a powerful enabler” of the Saudi Vision 2030, she said.

Dr Manar believes Saudi Arabia is committed to women’s empowerment and has enabled women to obtain the “highest levels” of education and encouraged them to participate in various aspects of “economic, political, and social life”.

“As part of Vision 2030, I am grateful for the major reforms and the continuation of the leadership’s efforts to empower women to occupy leadership positions in various sectors.”

She said Neom’s approach is no different, “we are committed” to creating a working environment that supports, develops, and promotes equality and diversity”.

Vision 2030 aims to boost female participation in the workforce to 30 per cent by 2030.

Saudi women make up more than a third of the country's workforce, statistics released in March this year by the General Authority for Statistics show, a 17.4 per cent increase from five years ago.

Also, the female unemployment rate fell to its lowest level in 20 years in the first quarter of 2022.

Many female leaders attribute this achievement to the kingdom's ambitious programme to completely reshape its economy into one that is self-sufficient, progressive and diversified.

Saudi women have always demonstrated resolve and “Vision 2030 catalysed this determination into action”, said Dr May Taibah, board member and corporate financial controller at the Community Jameel Saudi Foundation.

She has been working in social enterprise for more than a decade, most recently with Bab Rizq Jameel Services and Nafisa Shams Academy for Arts and Crafts.

Vision 2030 caters to the diverse needs of Saudi Arabia’s citizens, as it enables every member of society, “especially women,” to be veritable contributors to the country’s socio-economic growth, she said.

“This gives me a front-row seat to witness first-hand the impact of collaboration between the public, private, and governmental sectors in fuelling human capability,” she told The National. “It is truly inspirational what can be achieved through the right support framework.”

In the first quarter of 2022, the percentage of women in middle management and senior positions rose from 28.6 per cent compared with 39 per cent in first quarter of 2017, the Ministry of Human Resources and Social Development said.

However, the exponential value added by the growth of the female workforce in the kingdom was not limited to statistics and numbers, said Deema Al Bashrawi, Head of Operations at Tanmiah, a manufacturer and distributor of food and agricultural products.

She attributed her professional success to a culmination of factors including the strength of the kingdom’s educational framework, which enabled her to earn a degree in economics, and the support of her family.

She added that “Tanmiah continues to support my sustained growth” since she joined in 2012 as a manager.

“Today, I look forward to continuing to serve my country, customers, partners, and investors as we continue to support the achievement of Saudi Arabia’s goals towards improving food security, reducing waste, and achieving self-sufficiency,” Ms Al Bashrawi said.

Dr Taibah believes that an entrepreneurial mindset is vital to prosperity and extends beyond entrepreneurship.

“The value extends beyond that, to the personal stories of lives, businesses and industries transformed through supportive socio-economic empowerment across the entire framework,” she told The National.

The World Bank’s Women, Business and Law report for 2020 and 2021 found that Saudi Arabia was among the top countries when it came to implementing reforms and rights related to women.

“Vision 2030 was developed to extend equal support, whether a person is a craft worker, start-up CEO or employee,” Dr Tabiah said.

The Ministry of Human Resources and Social Development introduced policies that promote inclusivity, and diversity in the labour market.

These were “to enhance the positive image of women in the workplace, and to create a supportive and inclusive environment to facilitate women’s entry into the labour market”, a ministry representative said earlier this year.

“Crown Prince Mohammed bin Salman has been a champion for women's progress and has helped empower women in the labour market by giving us ease of running businesses and authority which does not require a man,” said Ghalia Abdul, who runs a retail store in Jeddah.

Women's right to drive, travel and run their own businesses had helped her to hire more female workers in the last four years, Ms Abdul said.

The Arab Institute for Women’s Empowerment has said that investing in targeted training for Saudi women would have a return on investment of $400 billion by 2030.

“Most young Saudis have an entrepreneurial spirit and the new changes have helped people like me not just run my own business, but also contribute to the economy and create jobs for women,” Ms Abdul added.

Updated: September 22, 2022, 5:15 AM
EDITOR'S PICKS
NEWSLETTERS
MORE FROM THE NATIONAL

Title:

Content: Follow Us:
Friday, December 10, 2021

Progress for saudi women is uneven, despite cultural changes and more jobs

Over the last five years, the percentage of women working outside the home has almost doubled, according to official statistics, to 32% from nearly 18%.

By: New York Times | Riyadh |
December 10, 2021 10:45:24 am
A group of women and children picnic at Wadi Hanifa park in Riyadh, Saudi Arabia, on Oct. 29, 2021. (Iman Al-Dabbagh/The New York Times)

Written by Kate Kelly

At the cramped shop where Kholoud Ahmed sells the traditional Muslim women’s gowns known as abayas, the rainbow of colors is a revelation.

In the past, women in Riyadh typically dressed in the same black abaya no matter where they were going. Now, observed Ahmed, 21, there’s a differently colored or styled abaya for every occasion: weddings, meeting friends at a cafe, visiting parents.

“Colored abayas used to be a strange thing for us in Riyadh, something unusual,” said Ahmed, the store’s clerk. “Within a year it has significantly changed. It has become normal nowadays.”

Since Crown Prince Mohammed bin Salman became Saudi Arabia’s de facto leader more than four years ago, he has promised new opportunities for Saudi women as part of a broad modernization plan called Vision 2030.

The plan, which is advertised across Riyadh on posters and flags, is meant to wean the kingdom away from its historical reliance on oil and shift it toward new industries, including technology, pharmaceuticals and tourism.

Women shop for abayas, or traditional Muslim womenÕs gowns, at a store in Riyadh, Saudi Arabia, on Oct. 28, 2021. (Iman Al-Dabbagh/The New York Times)

But to create more job opportunities for Saudis and draw international investors and corporations to the desert monarchy, Crown Prince Mohammed is also chipping away at the conservative culture that has kept many women close to home for years and scared away many foreigners.

Over the last five years, the percentage of women working outside the home has almost doubled, according to official statistics, to 32% from nearly 18%. Women today serve as customs officials at the King Khalid International Airport in Riyadh, client relationship managers at banks and hostesses at restaurants.

In addition to changes in the workplace, public space is becoming less strictly segregated by sex. In coffee shops in Riyadh like Overdose (motto: “Caffeine, it’s my drug of choice”), male and female customers can now sip lattes in mixed company.

Women can attend certain sporting events at stadiums, which was forbidden until a few years ago. They are no longer required to use separate entrances from men although some establishments still use them. They can also now apply for passports, live by themselves and travel on their own.

But the progress has been uneven.

Soccer fans withÊHattan Bahebri, center, a midfielder for Al Shabab, after a match in Riyadh, Saudi Arabia, on Oct. 28, 2021.ÊWomen have been able to attend sporting events in Saudi Arabia since 2018. (Iman Al-Dabbagh/The New York Times)

The guardianship system, which despite some recent reforms is still in place, means that women must rely on permission from men — often their fathers or husbands, but in some cases their sons — to enter into marriages and make key decisions.

One prominent women’s rights activist was jailed for three years after pushing publicly for some of the very changes Crown Prince Mohammed wanted to make — including allowing women to drive. She has since been released and has published a research paper on the status of Saudi women.

Those fits and starts are also evident in quotidian ways. Women’s attire in Riyadh, though more relaxed than a few years ago, is still far from liberal; even women who avoid abayas wear clothes with long sleeves, high necklines and low hemlines.

They may be using money from their newly earned paychecks to shop for kitten-heeled boots and slip dresses at Zara, but such outfits are still worn only in private settings.

“It’s not like before, like you have to wear, like, hijab and everything,” said Marwa, a 19-year-old university student who was shopping at Ahmed’s shop, referring to the traditional head scarf worn by Saudi women. “Now you can have free choice, but limited. It’s not like you are showing parts of your body.”

However much things have changed, the culture remains sufficiently conservative — and cautious of angering the authorities — that Marwa, like many of the Riyadh residents interviewed for this article, declined to give her full name.

Marwa said other cultural changes, like allowing store owners to remain open during prayer time to accommodate both merchants and shoppers, created problems of their own.

Some people who are devout and would pray no matter what, she said, could be offended by the business-as-usual attitude. “It’s like you’re not respecting the prayer time,” she said. Her friend Alaa — who wore sweatpants and sneakers under her abaya and sported a wrist tattoo that said “Trust no one” — nodded.

Prayer time at a shopping mall in Riyadh, Saudi Arabia, on Oct. 28, 2021. Women say Saudi Arabia has advanced significantly in just the past year, with more choices regarding work, fashion and social spaces, but restrictions remain everywhere. (Iman Al-Dabbagh/The New York Times)

During the call to prayer a few minutes later, a number of male store workers nearby locked their doors and walked to the mall’s prayer room on an upper floor. On the ground floor, about 10 women, patrons who were wearing black abayas and hijabs, took rugs from a corner pile and knelt on them to pray. Other women sat quietly on benches, watching their children ride around in battery-operated toy cars.

A 52-year-old father of six, who gave only a nickname, Abu Abdullah, said he saw the benefits of more flexible prayer times and new opportunities for women. “During traveling, we don’t pray,” he said. “Even women, they don’t pray for seven days,” referring to the fact that women are forbidden to pray when they are menstruating.

Several of Abu Abdullah’s five daughters were standing nearby, eating buttered corn and french fries. One of them, Nout al-Qahtani, 13, said she was thrilled about the changes for women in Saudi Arabia. “I want to work,” she said. “I really want to be a doctor.”

Her father noted that not every dream job would be appropriate.

“Some jobs don’t fit for some women,” he said, citing roles in plumbing and construction work as examples. “It’s better to put her in the right place,” he added.

Five miles north of the mall, a local soccer club, Al Shabab, was playing an out-of-town team at Prince Faisal bin Fahd Stadium. It was a mild evening, and the crowd was animated when the home team scored. On the men’s side of the stadium, hundreds of men jumped to their feet, chanting and clapping for the players.

Across the stadium on what’s known as the family side, where women and children were directed to sit, Najiba, a nurse at the hospital complex King Fahd Medical City, was watching with two colleagues. Although women have been able to go to sports events in Saudi since 2018, it was only her second time at a match.

FILE Ñ Crown Prince Mohammed is depicted at left on a billboard advertising the Vision 2030 modernization plan in Riyadh, Saudi Arabia, on Feb. 28, 2018. (Tasneem Alsultan/The New York Times)

Najiba, 34, and her friends said that they were seeing far more Saudi women working at the hospital in recent years, and that the idea of women in medical careers had become more palatable to families who might previously have considered a mixed-gender working environment problematic.

“Now the family accepts if they have a daughter or a wife working in health care,” said Najiba, who was a nurse in a neonatal intensive care unit for years before taking on an administrative role.

Below the nurses, a few children were playing in the front row. One child, who had been running around and yelling, was scolded by a female security guard.

Several female spectators said they never missed a match. One, a 29-year-old manager at the Saudi British Bank attending with her brother, spoke highly of Riyadh’s new entertainment options and the growing economic opportunities for women. “We’re so excited,” she said.

A little after 9:30 p.m., the match ended in a 3-0 victory for Al Shabab.

As the crowd dispersed, one of its star players, the midfielder Hattan Bahebri, was signing autographs for dozens of fans through the fence that separated the stands from the field.

At one point, he held his hands in a heart shape in front of him. A clutch of men encircled the player, some with children hoisted on their shoulders. But one woman, her pink-tinted sunglasses atop her hijab, walked to the front of the crowd, raised her phone and got the shot.

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest World News, download Indian Express App.

  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
0 Comment(s) *
Advertisement
Advertisement
Advertisement
Advertisement

How has Saudi Arabia empowered women and increased their labor market participation under Vision 2030?

By removing restrictions on freedom of movement

How has Vision 2030 affected women's rights and workforce participation?

Strengthened women's rights
gender equality

What are some of the key goals of Vision 2030 for society and economy?

allow recreational activities; Saudi women benefit from relaxed restrictions

What has MBS done since becoming Crown Prince in Saudi Arabia?

What new permissions have Saudi women gained under Mohammed bin Salman's rule?

Women gained permission to drive
attend sporting events

How has Saudi Arabia empowered women and increased their labor market participation under Vision 2030?

By removing restrictions on freedom of movement

How has Vision 2030 affected women's rights and workforce participation?

Strengthened women's rights
gender equality

What are some of the key goals of Vision 2030 for society and economy?

allow recreational activities; Saudi women benefit from relaxed restrictions

What has MBS done since becoming Crown Prince in Saudi Arabia?

What new permissions have Saudi women gained under Mohammed bin Salman's rule?

Women gained permission to drive
attend sporting events

How has Saudi Arabia empowered women and increased their labor market participation under Vision 2030?

By removing restrictions on freedom of movement

How has Vision 2030 affected women's rights and workforce participation?

Strengthened women's rights
gender equality

What are some of the key goals of Vision 2030 for society and economy?

allow recreational activities; Saudi women benefit from relaxed restrictions

What has MBS done since becoming Crown Prince in Saudi Arabia?

What new permissions have Saudi women gained under Mohammed bin Salman's rule?

Women gained permission to drive
attend sporting events

Vision 2030 set a target for women to comprise 30% of the workforce by 2030; as of early 2022, women made up over a third of the workforce, with a 17.4% increase in participation over five years and the lowest female unemployment rate in two decades .

What has MBS done since becoming Crown Prince in Saudi Arabia?

What has MBS done since becoming Crown Prince in Saudi Arabia?

Women’s representation in middle and senior management rose from 28.6% in 2017 to 39% in early