Gulf Countries Excel in Global Competitiveness: A Deep Dive into the IMD World Competitiveness Yearbook 2024

Gulf Countries in IMD World Competitiveness Yearbook 2024 Gulf Countries, IMD World Competitiveness Yearbook 2024 highlights the Gulf Cooperation Council countries’ impressive strides in economic reforms and diversification. UAE, Saudi Arabia, Qatar, Bahrain, Oman, and Kuwait have all advanced significantly, focusing on modernization efforts and enhancing global competitiveness. At The Gulf Entrepreneur Publications, we are enthusiastic about these developments, seeing them as catalysts for innovation and entrepreneurship in the region, underscoring the transformative impact of these initiatives on Gulf economies. Understanding the IMD World Competitiveness Yearbook The IMD World Competitiveness Yearbook 2024 is a comprehensive annual report that evaluates and ranks the competitiveness of countries based on a wide range of economic, governmental, business, and infrastructural criteria. It provides a detailed analysis of the factors that contribute to a nation’s competitiveness on the global stage. Criteria for Ranking Countries are assessed based on four primary factors: economic performance, government efficiency, business efficiency, and infrastructure. These categories encompass a variety of sub-factors, including GDP growth, regulatory frameworks, business practices, technological advancements, and educational systems. Importance of Competitiveness