RIYADH: Saudi Arabia has advanced four positions in the 2026 IMD World Competitiveness Yearbook, ranking 13th globally among 70 economies and securing third place among G20 economies.

The yearbook, published by the International Institute for Management Development, or IMD, is one of the world’s leading benchmarks for measuring national competitiveness and is closely monitored by the Saudi Competitiveness and Business Center in collaboration with relevant government entities.

The Kingdom’s progress was driven by improvements across all four competitiveness factors: Economic Performance, Government Efficiency, Business Efficiency, and Infrastructure. Saudi Arabia also improved its performance in 15 of the 20 sub-factors assessed by the yearbook.

In a post on X, the Saudi Ministry of Investment commented: “This global achievement, including at the level of G20 countries, reflects the confidence of international institutions and global companies in the Kingdom’s advanced investment environment, and reinforces its position as a leading and attractive investment destination.”

Minister of Commerce Majid Al-Kassabi stated that the Kingdom’s advancement in the IMD World Competitiveness Yearbook and other leading international benchmarks reflects the commitment of Crown Prince Mohammed bin Salman to achieving the objectives of Saudi Vision 2030, particularly those related to economic growth, competitiveness, and sustainable development.