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April 03, 2002
Shoes, Socks and Business Tricks
The Kingdom of Saudi Arabia, the bastion for Wahabi conservatism denies its female citizens several basic freedoms and rights. The intrinsic female instinct to care for one's appearance cannot be supressed. A Saudi woman can shop for clothes but cannot try them out at her Jeddah mall. To circumvent this problem she has until now visited the centers of haute-coutré in the west.
Prince Alwaleed Bin Talal the intrepid Saudi investor has participated in the opening of a female-only mall in Riyadh. Staffed exclusively by women, the mall prohibits the entrance of men during the hours of operation. Saudi gals can let down their hair and charge up a storm (whoa! vortex of clichés) at this exclusive shopping area.
This is another fine example of how the free market economy is all about meeting the needs of the people at the price the people decide. Enough demand will eventually be satisfied with an increase in supply.
Read more at Forbes.com
Posted at April 3, 2002 09:06 PM