RIYADH— Saudi Arabia achieved advanced global rankings in indicators related to the Ministry of Commerce in the 2026 IMD World Competitiveness Yearbook, ranking third globally in the "Creation of Firms" indicator, fourth globally in "Equal Opportunity," and seventh globally in "Large Corporations." The Kingdom advanced in the overall ranking to 13th globally out of 70 countries, ranking third among G20 countries, after the United States and China. Compared with its ranking in last year's report, Saudi Arabia advanced one place in "Creation of Firms," three places in "Equal Opportunity," and two places in "Large Corporations." These results were achieved through a partnership between the government and private sectors to facilitate business activities, enable commercial establishments to continue their growth and expansion, and advance the legislative environment. A total of 110 regulations were reviewed and developed, most notably the Companies Law and its regulations, Commercial Register Law and its regulations, Law of Tradenames and its regulations, Franchise Law and its regulations, E-Commerce Law and its regulations, and Law of Commercial Courts and its regulations. The developed regulations also included the Movable Property Securing Law and its regulations, the Bankruptcy Law and its regulations, and the Implementing Regulations of the Law on Precious Metals and Gemstones.