Riyadh:Saudi Arabia achieved advanced global rankings in indicators related to the Ministry of Commerce in the 2026 IMD World Competitiveness Yearbook. The country ranked third globally in the "Creation of Firms" indicator, fourth in "Equal Opportunity," and seventh in "Large Corporations."

According to Saudi Press Agency, compared with its ranking in last year's report, Saudi Arabia advanced one place in "Creation of Firms," three places in "Equal Opportunity," and two places in "Large Corporations." Overall, Saudi Arabia improved its position to 13th globally out of 70 countries and ranked third among G20 countries, following the United States and China.

These achievements were the result of a collaboration between the government and private sectors aimed at facilitating business activities, enabling commercial establishments to grow and expand, and enhancing the legislative environment. A total of 110 regulations were reviewed and developed, including the Companies Law and its regulations, the Commercial Register Law and its regulations, the Law of Tradenames and its regulations, the Franchise Law and its regulations, the E-Commerce Law and its regulations, and the Law of Commercial Courts and its regulations.

Other developed regulations included the Movable Property Securing Law and its regulations, the Bankruptcy Law and its regulations, and the Implementing Regulations of the Law on Precious Metals and Gemstones.