Saudi Arabia's ranking has risen to 16th globally among the 67 most competitive countries in the world, according to the annual book of the Global Competitiveness Index issued by the Global Competitiveness Center of the International Institute for Management Development.
Saudi Arabia moved up one place in this year's edition, supported by improved business legislation and infrastructure, which placed it fourth among the G20 countries. It ranked first globally in many of the report's sub-indicators, such as employment growth and social cohesion, labor market growth, population growth, and cybersecurity. It ranked second in indicators including digital transformation in companies and market capitalization of the stock market; and third in indicators such as trade and the resilience of the economy.
Source (Al-Rai Kuwaiti Newspaper, Edited)
