Saudi Arabia advances to 13th globally, 3rd among G20 in 2026 IMD World Competitiveness Yearbook
RIYADH— Saudi Arabia achieved advanced global rankings in indicators related to the Ministry of Commerce in the 2026 IMD World Competitiveness Yearbook, ranking third globally in the "Creation of Firms" indicator, fourth globally in "Equal Opportunity," and seventh globally in "Large Corporations." The Kingdom advanced in the overall ranking to 13th globally out of 70 countries, ranking third…
Riyadh — Saudi Arabia has climbed to the 13th globally position and 3rd among G20 countries in the 2026 IMD World Competitiveness Yearbook. The Kingdom excelled in indicators related to the Ministry of Commerce, ranking third in Creation of Firms, fourth in Equal Opportunity, and seventh in Large Corporations. Overall, Saudi Arabia improved its global standing from 14th to 13th place out of 70 countries, surpassing the United States and China in the G20 rankings.
The progress can be attributed to a collaborative effort between government and private sectors, aimed at fostering business growth and improving the legislative environment. In the past year, Saudi Arabia reviewed and developed 110 regulations, with a focus on the Companies Law, Commercial Register Law, Law of Tradenames, Franchise Law, E-Commerce Law, and Law of Commercial Courts.
Additional regulations such as the Movable Property Securing Law, Bankruptcy Law, and Implementing Regulations of the Law on Precious Metals and Gemstones were also implemented.
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