Saudi Arabia is top reformer among 190 economies: Report
The Kingdom’s new global standing, as pointed out by the WBL report
RIYADH —(SG) The Kingdom of Saudi Arabia has realized a remarkable leap in the World Bank’s Women, Business and the Law 2020 report, with a score of 70.6 out of 100.
The report ranks the Kingdom as the top reformer and top improver among 190 economies that it covers. The report also places Saudi Arabia first among GCC countries and second in the Arab world.
Saudi Arabia has made outstanding improvements in 6 out of 8 indicators measured by the report: mobility, workplace, marriage, parenthood, entrepreneurship, and pension.
The Kingdom — with other leading economies — is a global benchmark in four areas of reform: women’s mobility, workplace, entrepreneurship, and pension.
Thanks to a bold set of 12 legislative reforms that it has implemented, the Kingdom has significantly transformed the lives of women by enhancing their economic participation and strengthened the Kingdom’s global competitiveness.
Issam Abu Sulaiman, the World Bank’s regional director for GCC, lauded the Kingdom’s achievement: “Saudi Arabia basically has become one of the leaders in the Arab World in terms of women empowerment,” he said.
“We expect that this will contribute tremendously to the realization of Vision 2030 when it comes to economic growth, diversification and women employment.”
The package of legislative reforms include: Expanding women’s access to employment opportunities in new sectors of the economy, lifting restrictions on their mobility, ensuring their access to public services, guaranteeing equal pay and retirement benefits and protecting them against harassment and discrimination.
The Kingdom’s new global standing, as pointed out by the WBL report, is testimony to its leadership’s commitment to expanding the economic opportunities to all citizens, notably women and youth, as outlined in Vision 2030.