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Factset: FactSet Research Systems Inc

Women must be allowed to drive

For decades Saudi Arabia canadian goose jacket has rejected uk canada goose calls to allow women to drive. Now a Saudi prince says the ban should go. «It is high time that women started driving canada goose outlet canada their cars and it canada goose outlet uk is high time that we turn the page on this issue,» canada goose coats Prince Alwaleed bin Talal said canada Canada Goose Parka goose outlet toronto factory in a blog post.

So why the rethink? Saudi Arabia has been canada goose black friday sale slammed canada canada goose uk shop goose outlet nyc by the slump in oil prices since 2014. New leaders are trying to make the kingdom less reliant on the volatile commodity, and that means modernizing its economy.

The billionaire prince does not hold a government role but is a prominent global investor. He says that the ban infringes women’s rights, but canada goose outlet store also acts Canada Goose Jackets as a drag on the economy because canada goose factory outlet it makes it harder for them to work.

«There are more than one million Saudi women in need of a safe means of transportation to take them to work every morning,» he wrote.

In many cases they have to hire drivers, take taxis, or rely on their husbands to get around.

«The situation buy canada goose jacket obviously takes its toll on the national economy for it undermines the productivity of the workforce,» said Alwaleed.

Related: goose outlet canada How many Saudis are only working one hour https://www.canadagoosejacket-outlet.ca a day

Earlier this year, the kingdom set out a vision canada goose Canada Goose Outlet outlet online for its economy in 2030, outlining ways to diversify the country’s revenues. The government has already introduced a sales tax, canada goose clearance sale slashed subsidies on energy and water, cut top officials salaries and borrowed billions to balance its books.

A key part of the reform effort spearheaded by deputy Crown cheap canada goose uk Prince Mohammed bin Salman is to canada goose outlet new york city increase women’s Canada Goose sale participation in canada goose outlet store uk the workforce to 30% from 22%.

In his post, Alwaleed outlined canada goose outlet several financial, economic, religious and political factors canada goose outlet reviews to be considered. Families who hire foreign drivers canada goose outlet canada goose black friday sale sale could uk canada goose outlet save 3,800 riyals canada goose coats on sale ($1,000) a month on canada goose uk black friday average if women were allowed to drive.

That cash could be pumped back into canada goose factory sale the Saudi economy, rather than being sent back by migrant workers to their home countries.

Related: Oil bust winner: Saudi Arabia’s tech scene

Lifting the driving ban would canada goose outlet parka help new businesses, too. Saudi startup Yatooq adds the cost of a driver to salaries it pays women employees, and even places its official canada goose outlet factories in the city to make it easier for them to get to work.

In 2013, canada goose outlet shop a campaign defying the government ban took off. Dozens of women took to the wheel and posted pictures of them driving on canada goose clearance social media.

While no formal law exists in Saudi Arabia specifically barring women from driving, Canada Goose online religious edicts are often interpreted to mean it is illegal for females to do so.

Alwaleed’s controversial statement created a canada goose jacket outlet buzz on social media. Not everyone was in favor of change.

A female Twitter user canada goose uk outlet said: «The Canada Goose Online priority canada goose outlet in usa should be solving the problems of unemployment, poverty, housing and poor public service canada goose outlet uk canada goose store sale before women canada goose driving.»

CNNMoney (Dubai) First published November 30, 2016: 7:03 AM ET

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Colors should be subdued and solid

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