Posted on October 26, 2019

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

The World Bank’s Ease of Doing Business 2020 report is based on 10 indicators of the ranking of countries. Qatar’s global valuation rose in three key indicators, including registration of ownership, where Qatar ranked first in the world. Qatar’s ranking on the global property registration procedure index increased from the 20th place in the 2019 rankings to the first place globally in the 2020 classification, marking a shift in property registration procedures and improving the business environment in the country.

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 3 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.

Minister of Justice and Minister of State for the Council of Ministers Affairs HE Dr Issa bin Saad al Jafali al Nuaimi said this ranking was achieved thanks to the directives of the Amir HH Sheikh Tamim bin Hamad al Thani. He said the ranking reflects the solid will of various government agencies to implement the directives of the Amir to work on the completion of development projects, and fortify the national economy to ensure the lead in international development indexes, and upgrade the level of services provided to the public to keep up with the sectoral plans and visions of Qatar strategic plans.