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Saudi Arabia improves in global competitiveness
Saudi Arabia has made remarkable progress in three key indicators of global competitiveness, according to the 2026 edition of the IMD World Competitiveness Yearbook report. The Kingdom ranked third worldwide in the index measuring legal support for business formation, fourth in economic opportunity parity, and seventh in the efficiency of large corporations, based on international standards. Compared to last year, Saudi Arabia advanced one position in legal support for businesses, three positions in economic opportunity parity, and two positions in corporate efficiency. These improvements contributed to raising its overall ranking to 13th among 70 countries, and it secured the third position among G20 nations after the United States and China. These results reflect the Kingdom's efforts to improve the business environment through the review and development of 110 legislations, including the Companies Law, the Commercial Law, the Financial System, the Bankruptcy Law, and the Electronic Commerce Law. Additionally, there has been a concerted effort by both the government and private sectors to support economic growth and facilitate business operations.
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