Saudi Arabia, Germany Agree To Set Up $200m Fund For Women Empowerment

By Ghazanfar Ali Khan
Arab News, Jeddah, Saudi Arabia

WWR Article Summary (tl;dr) Saudi Arabia and Germany have agreed to a proposal to set up a $200 million fund focused on empowering women. The fund is to be created within the framework of the G20 with the help of both governments and the private sector.

RIYADH

German Chancellor Angela Merkel invited King Salman to attend the G20 summit in Germany after holding wide-ranging consultations on the agenda of the summit in Jeddah on Sunday.

Chancellor Merkel also renewed invitation to Crown Prince Mohammed bin Naif, deputy premier and minister of interior, to visit Germany.

“King Salman was formally invited by the chancellor to attend the G20 summit,” said German Ambassador Dieter W. Haller.

In a separate development, Merkel attended a meeting of Saudi businesswomen in Jeddah on Sunday.

Merkel acknowledged there have been “significant changes in the role of women” since her last visit in 2010.

She cited the historic first-time participation of women in Saudi Arabia’s elections for local municipal council seats in 2015.

“I have the impression that the country is in a phase of change and that a lot more is possible now than some years ago,” Merkel added.

Ambassador Haller said the German chancellor and top Saudi officials discussed the agenda of the G20 summit during their talks. This 12th G20 summit will be held in the German city of Hamburg, a major trade hub and port city of Europe.

Referring to the preparations for the G20 summit, the envoy said that Germany is fully geared up to host the event, to be attended by more than 20 heads of state and many representatives of international organizations.

Haller said: “The Kingdom and Germany have agreed to a proposal to set up a $200 million fund for empowerment of women within the framework of the G20.”

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