Latest news with #NationalCompetitivenessCenter
Zawya
2 days ago
- Business
- Zawya
Saudi Arabia advances 14 places to 13th rank in IPR Enforcement Index globally
RIYADH — Saudi Arabia has advanced 14 places in the Intellectual Property Rights (IPR) Enforcement Index, ranking 13th globally. The Kingdom's ranking was 27th in 2024, according to the 2025 World Competitiveness Yearbook. The yearbook is issued by the World Competitiveness Center under the International Institute for Management Development (IMD). This year's report is one of the main competitiveness reports monitored by the National Competitiveness Center in coordination with relevant government agencies. Saudi Arabia achieved a significant leap in the 13th edition of the "World Intellectual Property Rights Index 2025" report, issued by the American Chamber of Commerce, recording a 17.55 percent increase in the overall score, making it one of the highest-ranked countries among the 55 global economies included in the report. This reflects its commitment to strengthening the intellectual property environment and enabling innovation within the goals of the Saudi Vision 2030. The progress announced by Saudi Arabia stems from strengthening the enforcement of intellectual property rights domestically and internationally, and enhancing its efficiency at the institutional and judicial levels. Pioneering national initiatives, such as the Respect Council, the Permanent Enforcement Committee, and the Intellectual Property Respect Officer, have effective models for consolidating governance and enhancing integration among relevant entities. The establishment of a public prosecution office specializing in intellectual property cases has contributed to enhancing the efficiency of the litigation system and expediting judicial procedures. Among the most prominent steps supporting this progress are the implementation of comprehensive awareness campaigns addressing aspects of field and digital enforcement, in addition to enhancing transparency and communication through periodic meetings with rights holders, and expanding the scope of coordination with various government agencies and the private sector. The World Competitiveness Yearbook is an international reference for comparing the competitiveness of economies around the world. It includes more than 300 sub-indicators and measures countries' performance across four main pillars: economic performance, government efficiency, business efficiency, and infrastructure. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Leaders
23-06-2025
- Business
- Leaders
22 Projects Open for Public Consultation via Istitlaa Platform
The National Competitiveness Center (NCC), through its public consultation platform Istitlaa , has launched 22 new projects focused on economic and developmental matters. Developed in collaboration with 22 government entities, these initiatives are now open for feedback from the public, private sector, and other government bodies before final approval. Istitlaa Platform Among the key initiatives is the Draft Amendment to the Implementing Regulation of the National Associations and Establishments Law, introduced by the National Center for Non-Profit Sector. This proposal aims to simplify and streamline the establishment process for civil society organizations, thereby enhancing their role in the community. Public feedback is welcomed until June 30, 2025. The Saudi Standards, Metrology and Quality Organization is also seeking input on its proposed Technical Regulation for Autonomous Vehicles. This regulation sets out safety requirements and conformity assessment procedures for self-driving vehicles. The consultation period is open until June 30, 2025. Additionally, the Ministry of Education has put forward a new initiative titled Regulatory Framework for Gifted Education Classes and Schools. This project seeks to define a clear organizational structure for the management and operation of programs serving gifted students. The public can provide feedback through July 1, 2025. Saudi Water Authority The Saudi Water Authority is inviting feedback on its proposed Procedural Rules for Monitoring the Quality Standards of Unbottled Drinking Water. Moreover, this initiative outlines the standards and monitoring procedures for unbottled water across the Kingdom, with the consultation period ending on July 1, 2025. By introducing draft regulations and policies via the Istitlaa platform, the government underscores its commitment to transparency and public engagement in the legislative process. Finally, Istitlaa empowers individuals, private sector stakeholders, and public entities to actively participate in shaping a more competitive and responsive regulatory environment. Related Topics: 25 Projects Open for Public Feedback on 'Istitlaa' Platform Saudi Arabia Proposes Heavy Fines for Unlicensed Food Businesses SDAIA Invites People to Participate in BCR Guidelines for Personal Data Transfer The Saudi Standards Authority, Warning from Certain Cooking Stoves Short link : Post Views: 2
Arab News
18-06-2025
- Business
- Arab News
Saudi Arabia ranks 17th globally in competitiveness index as it outshines economic heavyweights
JEDDAH: Saudi Arabia has maintained its spot in the top 20 of the World Competitiveness Ranking, ahead of global heavyweights the UK, Germany and France. The Kingdom secured 17th position on the list, driven by strong governance, infrastructure upgrades, diversification, and regulatory reforms. Issued by the International Institute for Management Development's World Competitiveness Center, the ranking is widely recognized as a benchmark for evaluating how effectively countries utilize their resources to drive long-term economic growth. Saudi Arabia was placed just behind China in 16th and ahead of Australia in 18th place. Although this marks a slight drop from 16th in 2024, Saudi Arabia's 2025 ranking represents a significant improvement from 32nd in 2023 and 24th in 2022, underscoring its rising economic stature. As part of Vision 2030, Saudi Arabia launched the National Competitiveness Center in 2019, with the organization now working with 65 government bodies to drive reforms centered on productivity, sustainability, inclusiveness, and resilience. According to the World Competitiveness Center, the Kingdom needs to 'continue efforts to promote renewable energy and reduce carbon emissions' and 'carry on enhancing overall competitiveness across multiple pillars.' Improvement will also come if Saudi Arabia continues to 'invest even more in human capital development across all economic sectors' and push ahead with 'ongoing government endeavors to achieve the targets in the Saudi 2030 vision.' The IMD report is one of the world's most comprehensive competitiveness benchmarks, evaluating 69 countries across four pillars: economic performance, government efficiency, business efficiency, and infrastructure. The ranking shows that GCC countries continue to demonstrate their growing economic strength and regional importance, with the UAE leading the group, securing fifth place globally, reflecting its diversified economy and strategic initiatives to attract investment. Qatar follows in ninth place, supported by substantial infrastructure development and robust financial resources. Bahrain was ranked 22, Oman came in at 28, and Kuwait was placed at 36, showing steady progress through structural reforms and sectoral investment despite ongoing challenges. These rankings underscore the GCC's ambition to strengthen global economic resilience and competitiveness. Switzerland, Singapore, and Hong Kong lead the ranking, while Canada, Germany, and Luxembourg saw the most notable improvements among the top 20 economies. Saudi focus According to the IMD, Saudi Arabia has made progress in several key economic areas, although some aspects still require improvement. On the economic performance indicator, the Kingdom ranks 17th globally with a score of 62.3. Its domestic economy scored 59.2, placing it 25th worldwide, an improvement of six positions from the previous year. International trade advanced three places to 29th with a score of 56.0, while global investment climbed four spots to 16th with a score of 57.8, signaling increased investor confidence. However, the employment sector declined slightly, dropping three positions to 29th with a score of 55.6. Inflationary pressures impacted the prices indicator, which fell eight places to 19th despite maintaining a relatively strong score of 60.7. These mixed results reflect Saudi Arabia's ongoing efforts to strike a balance between growth and economic stability amid global and domestic challenges. Public finance indicators remain solid, with a score of 69.5, placing the Kingdom 13th globally, despite a modest three-position drop. Tax policy holds steady at 67.6 points and 12th place, with a similar three-rank decline. The institutional framework experienced a more pronounced decline, dropping seven places to 27th with a score of 58.6, indicating potential areas for reform. In contrast, business legislation improved, rising two places to 13th with a score of 67.6, indicating regulatory progress. The societal framework remains a key challenge, ranking 55th with a score of 44.2, representing a nine-position decline, which highlights the need for continued social and structural development to support economic goals. Saudi Arabia ranked 12th globally in business efficiency with a strong score of 81.4. Productivity and efficiency showed further strength, scoring 66 and placing the Kingdom 15th, up six spots. The labor market remains a key strength, ranking 9th despite a four-place drop, with a score of 64.2. The finance sector gained three ranks to 19th with 63.4 points, while management practices rose to 17th with a score of 64. Attitudes and values remain a significant national asset, ranking third globally with a score of 81.6, reflecting a strong culture of resilience and ambition. Infrastructure continues to show marked improvement. Basic infrastructure ranks seventh globally with a score of 67.6, up two positions. Technological infrastructure rose 10 places to 23rd with a score of 59.5, and scientific infrastructure improved nine spots to 29th with a score of 52.1. Health and environment indicators gained slightly, moving up one place to 47th with a score of 47.5. Education declined marginally, down one position to 39th with a score of 55.4, signaling an area for continued focus.
Leaders
04-06-2025
- Business
- Leaders
25 Projects Open for Public Feedback on 'Istitlaa' Platform
The National Competitiveness Center (NCC), through its Public Consultation Platform Istitlaa, has launched 25 projects focused on economic and developmental matters. In collaboration with 12 government entities, the NCC invites the public, private sector, and government stakeholders to review and comment on these proposals before their final approval. Highlighted Projects: Ministry of Tourism: Amendment of the Violation Table for Tourism Consultation Activities—seeks to revise the penalties for hospitality establishments to align with updated regulations and industry standards. Open for feedback until June 8, 2025. Ministry of Municipalities and Housing: Updates to Municipal Requirements for Transportation Service Centers in 2025—aims to improve the business environment in the transportation sector. Feedback period ends June 16, 2025. Ministry of Environment, Water and Agriculture: Regulations for Issuing New Well Drilling Licenses on the Sedimentary Shelf—focuses on protecting and sustaining non-renewable groundwater for agricultural and livestock use. Consultation closes June 17, 2025. Capital Market Authority: Regulatory Framework for Offshore Securities Business Licenses proposes new licensing regulations for offshore securities operations. Open for feedback until June 28, 2025. Saudi Food and Drug Authority: Amendments to the General Food and Drug Authority Law and Food Law—aims to modernize regulations governing the licensing and oversight of food establishments. Consultation ends June 30, 2025. These initiatives reflect the government's commitment to transparency and inclusive decision-making. Finally, Istitlaa strengthens civic engagement and supports a more responsive legislative environment. Related Topics: CST, Aramco Digital Launch AI-Powered Crowd Management Trial at Holy Sites China Is Major Market for Saudi Aramco: CEO Saudi Aramco Records $106bn Profits in 2024 Saudi Arabia to Launch NextGen Investment Forum to Cultivate Future Hospitality Leaders Short link : Post Views: 17 Related Stories
Saudi Gazette
28-05-2025
- Business
- Saudi Gazette
Commerce and sports ministers participate in roundtable on Saudi-British sports cooperation
Saudi Gazette report LONDON — Saudi Minister of Commerce Dr. Majid Al-Qasabi has affirmed at the Saudi-UK Strategic Partnership Council that Saudi vision 2030 launched by Crown Prince Mohammed bin Salman transformed the Saudi economy and created promising opportunities in many vital sectors. He explained that the Saudi-British partnership is unique, and the UK is the second-largest exporter of services in the world. He added that the two countries can cooperate to establish a global integration system that covers many aspects of sports, tourism, culture, arts, and technology, all of which have become a global language that requires no translation. The meeting was also attended by Saudi Minister of Sports Prince Abdulaziz bin Turki, and Sir Chris Bryant, UK's Minister of State for Creative Industries, Arts and Tourism. The roundtable, organized by the National Competitiveness Center in cooperation with the UK Department for Business and Trade, focused on introducing companies to the promising opportunities offered by the Kingdom's hosting of international sporting events, such as the 2034 World Cup. It also addressed opportunities for cooperation in areas supporting the sports sector, such as technology, infrastructure, construction, facility operations, and planning and execution of major events. In a meeting with Jonathan Reynolds, Minister of State for Business and Trade, which was attended by Prince Khalid bin Bandar, Saudi Ambassador to UK, and Neil Crompton, British Ambassador to the Kingdom, Al-Qasabi discussed enhancing cooperation in developing the sports sector in light of Saudi hosting major events such as the 2034 World Cup. They reviewed the progress of initiatives emerging from the economic and social committees of the Saudi-British Strategic Partnership Council, including developments in the negotiations of the Free Trade Agreement between UK and the Gulf Cooperation Council countries. During the meeting, the two sides highlighted the importance of the Saudi-British Future Skills Initiative and its impact on developing skills in sectors of mutual interest, in addition to the continuation of the Great Futures Initiative for 2025. The Saudi delegation's agenda on the first day included a field visit to Queen Elizabeth Olympic Park and its facilities. The delegation was briefed on the facilities' capabilities and experience in hosting entertainment and sporting events. The participating entities in the visit included the ministries of Commerce, Sports, Investment and Finance, the Supreme Committee for Hosting the 2034 World Cup, the Public Investment Fund, the National Competitiveness Center, the Saudi Business Center, the National Center for Privatization, and a number of major national companies specializing in sports events, infrastructure, and media. Al-Qasabi arrived in the British capital, London, on a working visit, accompanied by a delegation comprising officials from nine government agencies and 30 leaders from the business sector and major national companies. The visit aims to build economic partnerships in the sports sector between the two countries, strengthen relations across various priority sectors, and raise the level of commercial partnerships.
