FaceOf: Aseel Al-Hamad, board member of the Saudi Arabian Motor Federation

Aseel Al-Hamad
Updated 24 June 2018
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FaceOf: Aseel Al-Hamad, board member of the Saudi Arabian Motor Federation

  • Al-Hamad is an interior design engineer graduate, painter and businesswoman who followed her dream about Ferrari cars
  • Al-Hamad is also a member of the Ferrari Owners’ Club in Saudi Arabia

Aseel Al-Hamad, the first Saudi woman board member at the Saudi Arabian Motor Federation (SAMF) and the first Saudi woman to own a Ferrari, is confident that allowing women to drive will have created a positive reflection of Saudi Arabia around the world.
Al-Hamad was appointed as a board member of SAMF in December 2017. She also works as the sports cars section manager at Rose Auto Magazine, the first ladies’ auto magazine in the Middle East.
Al-Hamad is an interior design engineer graduate, painter and businesswoman who followed her dream about Ferrari cars. She owns a successfully run design company called IDegree Design.
She received her bachelor’s degree in interior design from Prince Sultan University in 2009 and did a short interior design course at University of the Arts London in 2013. Al-Hamad is doing her master’s in business administration at Al-Faisal University.
PR Arabia awarded Al-Hamad in February 2018 for her efforts in educating Saudi women on motorsports and driving safely. She was also selected as the jury member of the 6th edition of PR Arabia Auto Awards in Saudi Arabia.
She has won many prizes in drawing and painting competitions. In 2000, Al-Hamad won first prize for the Art Painting Competition in Riyadh, followed by another one the following year, for L’art Pur.
Al-Hamad is also a member of the Ferrari Owners’ Club in Saudi Arabia, the International Automobile Federation and the Saudi Council of Engineers. She believes that the new generation is talented and full of new business ideas.
Earlier, speaking to Arab News, she said: “I was so pleased by the decision, just like any other Saudi woman, and I was assured that my decision to buy the car of my dreams was the best decision to make. I am so happy because I will drive in the Kingdom.”


Major projects, investments worth over $685bn unveiled on Saudi National Day

A photo taken on July 5, 2018, shows Bader al-Ajmi, 38,(L) owner of "One Way Burger" serving customers from his truck at a main street in the capital Riyadh. (AFP)
Updated 22 September 2018
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Major projects, investments worth over $685bn unveiled on Saudi National Day

  • The private sector’s contribution to the GDP at constant prices doubled to around SR1236.6 million in 2017

JEDDAH: A major economic boost in the form of 10 major projects and investments exceeding SR685 billion ($183 billion) were unveiled as celebrations of the 88th Saudi National Day got under way.
The Council of Saudi Chambers released a report focusing on great economic achievements in 2017.
These projects reflect the Kingdom’s vision under the wise leadership of King Salman and that of Crown Prince Mohammed bin Salman to provide a brighter future through diversifying sources of national income, tackling environmental challenges and increasing investment and prosperity.
The report summarized the most important events and economic developments in the Kingdom over the past year. These include the lifting of the ban on women driving in June, and the establishment of the General Authority for Cyber Security, in addition to the numerous royal decrees providing financial support to Saudis.
It also noted the important decisions related to the Saudi business sector. These include the launch of a private sector incentive program with a value of SR72 billion, the privatization of 10 government sectors and the establishment of the General Authority for Real Estate. The private sector is still showing a strong performance as an efficient partner in the inclusive development process and in the achievement of the Kingdom’s 2030 Vision, the report noted, as it contributes 39 percent to the Saudi gross domestic product (GDP).
The private sector’s contribution to the GDP at constant prices doubled to around SR1236.6 million in 2017. There has been increased contribution to GDP from non-oil private sector streams.
The private sector also witnessed an increase in the number of workers, in its capital, in the number of shares on the Saudi market, in the cumulative number of establishments operating in the Kingdom, and in non-oil exports.
Continued growth of the private sector was attributed by the report to the Saudi government’s support. This support comes through initiatives such as the removal of obstacles to financial development, improvements to the working environment and policies adopted to boost investment.
It also reviewed the private sector’s efforts to support diversification of the economy and lower unemployment rates.
The importance of the measures taken to prioritize the employment of qualified Saudi workers over the employment of expatriates in the private sector were stressed, as well as the sector’s role in providing education and health services.