The Competitiveness Review January 2009

The Competitiveness Review January 2009

Saudi Arabia’s recent economic successes have provided an historic opportunity for the government to make targeted policy changes and investments to lay the groundwork for a sustainable increase in the Kingdom’s long-term rate of economic expansion. This opportunity has been coupled with ambitious vision on the part of His Majesty King Abdullah, Custodian of the Two Holy Mosques, to encourage the economy’s advancement and diversifi cation beyond the petroleum sector. These efforts focus primarily on competitiveness: making Saudi Arabia a world-class investment destination and equipping it with the institutional basis for productivity gains. Far-reaching reforms are being implemented under the auspices of the 10x10 program, announced by His Excellency the Governor of SAGIA in 2006, an initiative to make Saudi Arabia one of the world’s Top 10 most competitive nations by 2010. This issue of the Competitiveness Review provides an update on the improvements made in Saudi Arabia in 2008 and offers an assessment of further improvements we can make to achieve our full potential.

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