Muscat, The Sultanate has advanced 14 positions

in the Competitiveness Index for the current 2018, which considered

the world’s highest in terms of the value of the index that reached 3.4

points during the year, to obtain the world’s 47th place.

The analysis prepared by the National Competitiveness Office for

the sub-indices and indicators of this report showed that the Sultanate

topped a number of indicators. The Sultanate came first at the Arab

level in the index of “terrorism incidence” and among the top 10

countries in the world, which reflects the absence of terrorist attacks.

This is due to the political and security stability in light of the disorder

being witnesses in different parts of the world, which had an impact on

the Sultanate’s result in the index (the cost of organized crime on

business) to be ranked first in the Arab world and fourth in the world.

The Sultanate topped the index (reliability of police services) for

the Arab countries. It also came fifth globally in this index and the first

Arab in the index of (quality of roads) and the eighth globally.

The Sultanate also topped the Arab countries in the Index of

Independence of the Judiciary, which provided the basic guarantees for

the protection of the rights and freedoms of individuals. This was

reflected positively on other relevant indicators, as it came first in the

Arab countries in the indicators of property rights, intellectual property

protection, cooperation in relations between employers and employees,

and the first at the GCC and Arab levels in the index of (time to start a

business).

The analysis prepared by the National Competitiveness Office for

the sub-indices and indicators of this report showed the Sultanate’s

distinguished performance in a number of indicators. The Sultanate

came second in the Arab level in the sector of (institutions) and the

efficiency of the legal framework in settling disputes and ranked in

advanced positions internationally in a number of other sub-indices.

According to the National Competitiveness Office in its analysis of

the report, the Sultanate’s progress in the infrastructure axis is

attributed to the results achieved in a number of indicators, namely the

road connection index, the marine shipping link index and the port

services efficiency index.

The report pointed out that the Sultanate has achieved the ninth

place globally in the index of (the distorted effect of taxes and

subsidies on competition) and the second place at the GCC level in the

index of (mobility of domestic labor). It also ranked second at the Arab

level in the index of (finance of small and medium enterprises) and

ranked 19th globally in the index of (The availability of venture capital)

and ranked ninth globally in the “Manpower Diversity” index.

The National Competitiveness Office explained that this

achievement and improvement in the ranking of the Sultanate in the

Global Competitiveness Index for the year 2018 is attributed to the

great improvement in the points of a number of axes, including

institutions, infrastructure, skills and product market, which reflect the

efforts of various institutions in the public and private sectors to

improve the competitiveness of the Sultanate to take its place among

the various developed countries in the index.

It should be noted that the Global Competitiveness Report for the

year 2018, which was released today October 17th, has seen a change

in the methodology of this year.

The Global Competitiveness Index (GCI) measures the factors

contributing to the productivity and prosperity of 140 countries around

the world, based on 12 core categories that represent the pillars of the

competitiveness index: namely institutions, infrastructure, ICT adoption,

macroeconomic stability, health, skills, product market, labor market,

financial system, market size, business dynamism and innovation

capacity.

Source: Oman News Agency