Saudi Arabia ranked third globally in the “Creation of Firms” indicator in the IMD World Competitiveness Yearbook 2026, due to streamlined procedures and accelerated business startup processes through reduced requirements and automated procedures.
Saudi Arabia advanced to fourth place in the “Equal Opportunity” indicator by enabling individuals and establishments to practice economic activity and access facilities and enablers fairly and effectively.
In the “Large Corporations” indicator, the Kingdom advanced to seventh place globally, reflecting the ability of large companies to operate with high efficiency and productivity and compete with major global firms.
The Ministry of Commerce stated that efforts to develop the legislative and procedural ecosystem to empower the business sector, in partnership with the public and private sectors, contributed to continued progress across several trade indicators in the report.
Saudi Arabia ranked 13th globally in the IMD World Competitiveness Yearbook and third among G20 countries, achieving progress across all the report’s main pillars measuring economic performance, government efficiency, business efficiency, and infrastructure.
Source: Riyadh Daily