Saudi Arabia’s competitiveness ranking reflects positive investment dynamics: SAGIA

Saudi Arabia’s leap in the IMD World Competitiveness Yearbook 2019 highlights the success of the state’s economic policies and strategies to improve doing business, the Saudi Press Agency reported, citing Ibrahim Al-Omar, governor of the Saudi Arabian General Investment Authority (SAGIA).

“The ranking enhances the leading position of the Saudi economy, and the Kingdom’s success in developing its infrastructure and legislative systems to attract more investments,” Al-Omar said.

The Kingdom’s outstanding performance in the yearbook followed a report by the International Monetary Fund (IMF) that lauded efficient economic reforms under Saudi Vision 2030 and the Kingdom’s ability to fulfill investor needs and provide a suitable investment climate.

Saudi Arabia was ranked 26th among 63 countries in IMD World Competitiveness Yearbook 2019, jumping 13 positions from last year, Argaam reported.