*By Jacqueline Corba* For the first time in nearly three decades, women are allowed to get behind the wheel of a car in Saudi Arabia. And while the change that went into effect Sunday may be a step forward for women's rights in the kingdom, it is also an economic move. "The driving ban being lifted has been one in a set of limited economic and social reforms aimed specifically at making women good workers and good consumers," Human Rights Watch Acting Saudi Researcher Hiba Zayadin told Cheddar Monday. "With the drop in oil prices Saudi's strategy now is to shift the economy away from an over-dependence on oil." And to do that, it means getting women to work. Saudi Arabia's workforce is currently only [22 percent female](https://www.ft.com/content/c55d6cf4-8cd3-11e7-9084-d0c17942ba93), though women account for about 45 percent of the total population. PwC estimates that the number of female drivers will [reach 3 million within two years](https://www.pwc.com/m1/en/publications/women-driving-the-transformation-of-the-ksa-automotive-market.html), and if those women are better able to look for employment, that's going to have an impact. In fact, allowing women to drive will add $90 billion to Saudi Arabia's economy by 2030, according to [Bloomberg Economics](https://www.bloomberg.com/news/articles/2018-06-24/saudi-women-driving-is-seen-better-for-economy-than-aramco-ipo). But getting everybody on board may not be so easy. The move, spearheaded by Saudi Arabia Crown Prince Mohammed bin Salman, [has some afraid of backlash](https://www.wsj.com/search/term.html?KEYWORDS=saudi%20arabia&page=2) from men reluctant to adopt more western norms. And many who champion equality reportedly remain detained for taking such a stance. "The women's rights activists currently behind bars should be out there celebrating as well," said Zayadin. "What you are seeing on the news is women smiling with drivers licenses, but at the same time people are afraid to show solidarity for the women behind bars." For the full segment, [click here.](https://cheddar.com/videos/saudi-arabia-lifts-womens-driving-ban)

Share:
More In Politics
JetBlue Bids on Spirit, Jeopardizing Frontier Deal
JetBlue made an unsolicited offer to buy low-cost carrier Spirit Airlines, potentially jeopardizing the original offer from Frontier Airlines. Several analysts sounding the alarm on JetBlue's proposed $3.6 billion merger, saying the deal doesn't quite make sense. Jim Corridore, Senior Insights Manager at Similarweb joined Cheddar's Opening Bell to discuss.
Biden Admin Latest Federal Student Loan Extension Adds to Borrower Uncertainty
The Biden administration is once again extending the pause on federal student loans payments — this time, through the end of August. In a statement, President Biden cited a recent analysis from the Fed that if the payments were to resume, millions of student loan borrowers would face significant "economic hardship, delinquencies, and defaults that could threaten America's financial stability." Sarah Foster, an analyst at Bankrate, breaks down the impact of the extension on borrowers, the economy, and the future of student loan forgiveness. "I think this is just an instance of the federal student loan forbearance program kind of creating additional uncertainty for borrowers, especially in the sense that these past four extensions from the Biden administration have kind of come at the 11th hour here," she said.
President Biden Orders Oil Reserve Release
President Biden is trying to help Americans at the pump by tapping into U.S. oil reserves in an unprecedented way. He also announced several steps to punish oil companies. Lisa Whalen, automotive and mobility analyst at Morning Consult, joins Cheddar News to discuss.
U.S. Stocks Close Higher, Tech Stocks Lead Advance
U.S. markets closed higher to end Monday's session, with tech stocks leading the advance. Gene Goldman, Chief Investment Officer at Cetera Financial Group, joins Cheddar News' Closing Bell to discuss the potential future of the major U.S. indexes, and how factors like policy moves from the federal reserve and the ongoing Ukraine-Russia war could impact volatility.
Load More