Saudi Arabia jumped two spots in the World Bank’s 2016 Doing Business Report, which is aimed at domestic investors and includes 189 countries, including the Kingdom, The Kingdom ranked 82nd this year following fundamental changes to the report’s methodology, which re-evaluated participating countries in light of this new approach.

For his part, Khalid Al-Saleh, a lawyer and chairman of the Lawyers Committee at the Eastern Province Chamber of Commerce and Industry, emphasized that the Kingdom’s progress in the Ease of Doing Business Index, according to the World Bank report, is a clear indication of the improvement in the investment environment, the development of laws and regulations, and the clarity of litigation procedures and the enforcement of judgments. Al-Saleh noted that this ranking will increase the flow of capital, which in turn will benefit various investment sectors, provide multiple investment opportunities, transfer global technology and expertise to these sectors, and strengthen the Kingdom’s leading role in the global economy.