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Saudi Arabia has been implementing multiple reforms over the last several years to enhance competitiveness, according to the Kingdom’s economists and market analysts.
“In the past five years more than 40 competitiveness reforms have been implemented. As a testament to Saudi Arabia’s competitive environment, the World Bank’s Ease of Doing Business Index jumped from 67th to 22nd place,” said John Sfakianakis, chief investment strategist at Masic.
