Saudi Arabia third in company law support
Saudi Arabia has made significant progress in the 2026 global competitiveness indicators according to the IMD World Competitiveness Report. The Kingdom ranked third worldwide in the support of legislation for business formation, fourth in economic opportunity equality, and seventh in the efficiency of large companies. Additionally, it advanced to the 13th position globally out of 70 countries and secured the third spot among G20 nations after the United States and China. This achievement results from a partnership between the public and private sectors and the development of the legislative environment through the review of 110 pieces of legislation, including corporate laws, commercial registry regulations, electronic commerce, and bankruptcy laws.
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