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The World Competitiveness Ranking essentially uses statistics to analyze economies, regions, and sub-regions based on their ability to create long-term value for their people. In the 2024 IMD World Competitiveness Ranking, Saudi Arabia ranks sixteenth in several sub-indicators while the UAE ranks seventh globally, Wego reports.  

The 2024 edition of the World Competitiveness Ranking takes into account 67 economies. This report is a worldwide reference on the competitiveness of economies and Saudi Arabia has ranked sixteenth in the sub-indicators. 

This ranking places the Kingdom of Saudi Arabia in 4th place among G20 countries, 12th in business efficiency, 3rd in economic resilience, unemployment legislation, etc.; 2nd in funding for technological development, etc.; and 1st in employment long-term growth, social cohesion, etc. 

 On the other hand, the United Arab Emirates ranks 7th globally on the list. Advancing four places, UAE now ranks 4th in international experience and productivity, 3rd in immigration laws, 2nd in employment and 1st in industrial disputes. UAE is also among the top ten globally in more than 90 key and sub-indicators