Qatar overtakes UAE as MidEast’s most competitive economy – report

Qatar has been named as the most competitive economy in the Middle East according to the latest World Competitiveness Ranking from the IMD World Competitiveness Centre.

Qatar held on to its position of 13th in the table, making it the highest Middle East country in this year’s rankings.

The UAE fell three places behind Qatar’s unchanged 13th position in the table, from 12th to 15th.

“The common pattern among all of the countries in the top 20 is their focus on business-friendly regulation, physical and intangible infrastructure and inclusive institutions,” Professor Arturo Bris, director of the IMD World Competitiveness Centre, said.

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