BEST PLACE TO DO BUSINESS
Reflecting its continued economic boom, and the forthcoming infrastructure upgrade, Qatar has been ranked top in the Arab world as the best place to do business in the next five years, according to the Economic Intelligence Unit (EIU).
According to the survey entitled “Business Environment Rankings 2014”, Qatar ranked 21st in the global rankings for 2014-18 compared with 2009-2013, ahead of not only the Arab nations but also countries such as the United Kingdom, Russia, Japan, China and South Africa. In the Middle East region, only Israel is ranked higher, at 19th. Singapore looks set to remain the world's most investor-friendly location in 2014-18, retaining its rank during 2009-13. Switzerland and Hong Kong also defend their respective second and third place positions. In the GCC, except for Saudi Arabia, which improved its position from 45 to 41, other member states such as the UAE, Bahrain and Kuwait slid down. The survey did not cover Oman.