wef founder

WEF founder Klaus Schwab at the World Economic Forum on the Middle East and North Africa in Jordan -AFP

Saudi Arabia ranked 18th in the Global Competitiveness Index released by the World Economic Forum’s Global Competitiveness Report 2013.

The report, which is a World Economic Forum – EBRD collaboration which analyses and benchmarks countries’ competitiveness,  was published during the World Economic Forum on the Middle East and North Africa, which was opened by Jordan’s King Abdullah II and took place at the Dead Sea.

13 Arab countries, excluding Syria were analysed as part of the report. Countries like Qatar and UAE moved up in the competiteveness list.

Qatar(ranked 11th globally) continues to lead in the Middle East, followed by Saudi Arabia(18th) and UAE(24th). Countries like Egypt(107th) and Yemen(140th) declined in comparison with their global rivals.