Geneva - The Kingdom of Saudi Arabia has occupied an advanced place in the global competitiveness and economic stability according to an accredited international report, Saudi Press Agency reported.
The report on global competitiveness, which was issued by Davos International Economic Forum, placed the Kingdom as 28th out of 133. The Kingdom also came 9th of the world in terms of economic stability.
Switzerland ranked first for the second year in a row, followed by the United States, Singapore, Sweden, Denmark, Finland, and Germany.
A number of Arab countries, including Kuwait, Qatar, United Arab Emirates, Bahrain and Tunisia also occupied advanced ranks according to the report.