Riyadh: Saudi Arabia rose 10 places to 7th position in the global index thanks to the encouragement of new business.

According to a report by a foreign news agency, the Global Entrepreneurship Index has released a ranking list in which Saudi Arabia has moved up 10 places.

Saudi Arab ranks 7th Global Entrepreneurship Index

The development of the state has been driven by the encouragement of new business, as Saudi Arabia has seen a significant increase in new business over the past three years under Vision 2030.

According to media reports, under Vision 2030, the Saudi government will also provide funds to new business start-ups to further strengthen new businesses.

According to the Global Institute for Global Entrepreneurship and Development, Saudi Arabia was ranked 45th in 2018.

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