The Kingdom of Saudi Arabia has achieved advanced positions in a number of global competitiveness indicators related to the financial market, according to what was included in the annual report for the fiscal year 2020.
The Global Competitiveness Center report of the International Institute for Administrative Development for the year 2020 showed that Saudi Arabia advanced two places compared to last year, despite the economic conditions resulting from the effects of the Corona epidemic, to become 24th on the index, which includes several main axes.
The Kingdom advanced in six indicators, the most prominent of which is the stock market capitalization index as a percentage of GDP, as it jumped to second place last year from the 26th place a year ago. In the index of easy access to financial markets, Saudi Arabia jumped from 33rd to 20th place, and in the IPO index, it advanced from 36th to fourth place.
The report is considered one of the most comprehensive indicators of the competitiveness of countries, as it compares 63 countries on the basis of four main axes: economic performance, government efficiency, business efficiency and infrastructure.
Source (London-based Al-Arab Newspaper, Edited)
