Qatar Maintains Strong Ranking in International Competitiveness in 2013

Doha, May 26 (QNA) - Qatar was ranked ( 10) out of (60) countries in the International Institute for Management Development (IMD) World Competitiveness Yearbook 2013 maintained that rank which got it in 2012. This excellent high-position confirms the robust progress that Qatar has made across multiple fronts. The assessment is based on a range of statistical indicators and the opinions polled from local business leaders, giving a rounded view of the economy's competitive position. The Secretary General of the General Secretariat for Development Planning, Dr. Saleh Al Nabit, welcomed the findings of the report and stated that, "they confirm that we are making good headway and will certainly help us to identify those areas where we need to consolidate gains and make further improvements". He added that, "Qatar's National Development Strategy sets out clear targets in the areas of business regulation, economic infrastructure, and private sector development that will lead to future advances. Qatar has no option but to diversify its economy. If it is to achieve this, we must continuously work to lift efficiency and productivity and improve the international competitiveness of our economy." These results show us where we need to redouble our efforts and improve further. The IMD findings will be carefully studied and, along with other evidence, will help us sharpen our efforts to bolster the economy further." Areas where Qatar ranked highly in the report included: economic performance (2), government efficiency (5), and business efficiency (12). Scope for improvement was identified in some areas, including infrastructure ( 40). The IMD World Competitiveness Yearbook 2013 (in the section on the State of Qatar) is a collaborative effort of IMD, the General Secretariat for Development Planning and Qatar Statistics Authority. (QNA)