Saudi Arabia Ranks as Top Reformer in World Bank’s Women, Business and Law 2020 Report
January 15, 2020
Saudi Arabia was the top reformer and improver among 190 economies in the World Bank’s Women, Business and the Law 2020 report, achieving a score of 70.6 out of 100.
The report places the Kingdom first among Gulf Cooperation Council countries and second in the Arab world.
Saudi Arabia has made outstanding improvements in six out of eight indicators measured by the report: mobility, workplace, marriage, parenthood, entrepreneurship and pension.
Along with other leading economies, the Kingdom 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, Saudi Arabia 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.”
“We expect that this will contribute tremendously to the realization of Vision 2030 when it comes to economic growth, diversification and women employment,” he added, according to the Saudi Press Agency.
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 World Bank report, is testimony to its leadership’s commitment to expanding economic opportunities to all citizens, notably women and youth, as outlined in Vision 2030.