Saudi Arabia rises in world competitiveness rankings, economy among top 25: IMD

  • Date: 19-Jun-2020
  • Source: Al Arabiya
  • Sector:Economy
  • Country:Saudi Arabia
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Saudi Arabia rises in world competitiveness rankings, economy among top 25: IMD

Commenting on the results, Saudi Arabia's Minister of Commerce Dr. Majid al-Qasabi described the results as " another step forward.". Saudi Arabia has risen two places in the annual world competitiveness rankings compiled by the International Institute for Management Development (IMD), ranking as the 24th most competitive economy among the 63 countries covered by the report.. "Our positive performance in the World Competitiveness Yearbook 2020 is another step forward adding to the leap that we realized last year on our way to transforming Saudi Arabia into a top 10 competitive economy in the world as envisioned by the Kingdom's Vision 2030 .. The World Competitiveness Yearbook is a yearly report published by the International Institute for Management Development (IMD) based in Switzerland..