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Saudi Arabia’s $121 billion reason to allow women to drive
Allowing Saudi women to drive could help the kingdom reap as much income as selling shares in Saudi Aramco.
- The Sydney Morning Herald
The move, which went into effect on Sunday, could add as much as $US90 billion ($121 billion) to economic output by 2030, with the benefits extending beyond that date, according to Bloomberg Economics.
Selling as much as 5 percent stake in Saudi Arabian Oil Co. — at the most optimistic valuation — could generate about $US100 billion.
Saudi Arabia ended its status as the…