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...Dabbagh is working to remove other barriers as well and crack the Top 10 on competitiveness lists prepared by the World Economic Forum and the World Bank. Since 2005, SAGIA has been pressing the notoriously sclerotic government bureaucracy to become more investor-friendly, simplify procedures and cut back on paperwork. Dahlia Khalifa, an economist on the World Bank team that produces the Doing Business report, credits Saudi Arabia with "consistent reforms over the past three years...
...result, the kingdom is on the move. On the World Economic Forum's list, it is 27th, up from 35th last year. It sprinted up the World Bank's list, from 67th in 2005 to 16th in 2008, making it the easiest place to do business in the Middle East. In that time, foreign investment in Saudi Arabia has nearly doubled, to $23 billion. "Foreign businesses are looking at us differently," al-Dabbagh boasts. Companies with a long history of working in the kingdom say they've noticed the difference. "The say/do factor has improved significantly," says Nabil Habayeb...
...Japanese, South Korean and Chinese companies but also with highly competitive companies from every corner of the world: Argentina, Brazil, Chile, Egypt, Hungary, India, Indonesia, Malaysia, Mexico, Poland, Russia, Thailand, Turkey, Vietnam and places you'd never expect. And you can anticipate that future versions of the World Economic Forum's Global Competitiveness Index will be reflecting more rapid ascents and descents than it has in the past. The current financial crisis may only serve to speed up the process...
World Economic Forum Who's Got the Edge...
Each year the World Economic Forum handicaps 130 countries in the global-competitiveness race. Here are the top 50 [This article contains a table. Please see hardcopy of magazine...