ALBAWABA – The Kingdom of Saudi Arabia climbed seven spots to the 17 th place in the World Competitiveness Index 2023, having jumped from the 32nd in 2021 to the 24th place in 2022. The ongoing economic reforms in Saudi Arabia have elevated the Kingdom’s ranking in the index, placing it much higher than its G20 peers. Saudi Arabia now ranks higher than South Korea, France, and India in the ...