Qatar ranks 17th globally, followed by Saudi Arabia in 21st place and the U.A.E. in 26th, ahead of countries such as China, Spain and India, the World Economic Forum, or WEF, said in its Global Competitiveness Report 2010-2011, released Thursday by the World Economic Forum ahead of its Annual Meeting of the New Champions 2010 in Tianjin, which covers a total 139 countries.
Oman, Kuwait and Bahrain rank 34th, 35th and 37th respectively in the WEF's Global Competitiveness Index, or GCI, placing all Gulf Cooperation Council states among the world's 40 most competitive countries, the report said.
Qatar's "strong competitiveness rests on solid foundations made up of a high-quality institutional framework, ranked 10th overall, a stable macroeconomic environment (8th), and an efficient goods market (12th)," the report said, adding Qatar was relatively unharmed by the global economic crisis and projected to post economic growth to the tune of 18.5% this year.
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