Major business reforms:

Reforms mark Saudi Arabia on the global competitiveness map:

The National Competitiveness Center is the institutional arm of the government of Saudi Arabia at the forefront of the government’s reform efforts to create a favorable business environment to strengthen the global competitiveness of the Saudi economy.

 

Established in 2019 under the Council for Economic and Development Affairs (CEDA), the NCC forms an integral component of the arsenal of reforms that the Kingdom has put in place to support Vision 2030, the Kingdom’s flagship national development strategy.

NCC Objectives:

The National Competitiveness Center has six main objectives:

 

  • Identify the bottlenecks an​d challenges facing investors and businesses and propose reforms to address them.

  • Support government entities’ implementation of reforms.

  • Track and analyze Saudi Arabia’s performance on global indicators and develop cross-sectoral actions to address any weaknesses causing underperformance.

  • Solicit the views, perspectives, and opinions of investors, businesses, and professional organizations on the different dimensions of competitiveness.

  • Carry out data-driven research on the different dimensions of competitiveness to provide technical advice to influence government strategies, policies and programs, and better guide investors, businesses and entrepreneurs.

  • Raise awareness among all the stakeholders, including government entities, businesses, entrepreneurs, professional organizations, the multimedia, and the public about the critical importance of competitiveness for the prosperity of the country and long-term sustainability of the economy.

Achievements:

The ​Kingdom’s reforms to facilitate investments, business creation and expansion and entrepreneurship demonstrate our commitment to a more modern and sustainable economy. But we will have a lot to do.

Our progress to date is being tracked by reputable international development organizations:

World Bank:

  • Doing Business 2020 - The Top Reformer and Top Improver in the world

         MD (Institute for Management Development):
 

  • IMD Competitiveness Report 2019 –​Highest Improver

         WEF(World Economic Forum​):
 

  • Global Competitiveness Report 2019- Ranked 36​​

Saudi Arabia’s ranking:

Ranked

7Th

Most competitive among G20

Ranked

26Th

Most competitive country

(up to 13 places)

IMD Main Indictors

Ranked

25Th

in business efficiency (up to 20 places)

Ranked

18Th

in government efficiency

Ranked

38Th

in infrastructure availability (up to 6 places)

IMD Sub-indictors

Ranked

4Th

in general government debt (% GDP)

Ranked

2nd

in export of goods growth

Ranked

8Th

in adaptability of government policy

“Economic reforms have started to yield positive results.” International Monetary Fund, May 2019

Source: investment highlights -2nd Q- SAGIA