Commerce Minister aims to put Saudi in top 10 global competitive economies by 2030

An ambitious plan of reforms for the Saudi economy aims to make it among the ten most competitive countries globally by 2030, said Commerce Minister Majid Al-Qasabi, head of the Executive Committee for Improving the Performance of Private Sector Business, also known as ‘Tayseer’.

Al-Qasabi also launched a new work plan for the National Competitiveness Centre, which was launched to assist in meeting targets set under Saudis ambitious Vision 2030 progamme. It is designed to bring Saudi private and public businesses closer into alignment with global peers in the industrial, agricultural, services and technology sectors.

The Centre will work towards adopting research-based innovation, bringing sustainability to practice, and ensuring operational efficiency to enhance the Kingdom’s global competitiveness. In particular, there will be a focus on the transformation to a green economy and the application of ESG measures on Saudi businesses as this will be a driver for attracting investments.