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Posted On: 25 October 2019 09:13 am
Updated On: 12 November 2020 02:05 pm

Qatar in the 2020 top 20 countries that facilitate businesses

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Following the World Bank's announcement last September that Qatar is among the top 20 countries that have undertaken business environment reforms for 2020, Qatar ranked 77th globally on the Ease of Doing Business 2020 index, according to a World Bank report released today.

The World Bank's Ease of Doing Business 2020 report is based on 10 indicators of the ranking of countries and Qatar's global valuation rose in three key indicators including registration of ownership, where Qatar ranked first in the world.

The State's index of access to electricity rose 20 ranks compared to the previous three years, ranked 5 in relation to access to credit index, ranked 3ed globally in the index of payment of taxes and ranked 13 in the index of building permits.

World Bank regional director for the GCC Essam Abu Sulaiman said we look forward to Qatar continuing this reform momentum and we are committed to supporting them in their national sustainable development strategy.

The Ease of Doing Business report is an annual report issued by the World Bank's Business Unit, assessing 190 economies in ease of doing business. (QNA)