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|12 February, 2019

Saudi Arabia leaps up World Bank index on resolving commercial disputes

Saudi Arabia jumped 24 places on the World Bank Contract Enforcement Index, reaching 59 from 83 in the previous year's list

Image used for illustrative purpose. The view of high rises in King Abdullah Financial District in Riyadh.

Image used for illustrative purpose. The view of high rises in King Abdullah Financial District in Riyadh.

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JEDDAH: Saudi Arabia has soared up a World Bank index that ranks countries on how easy it is to resolve a commercial dispute.

The Kingdom jumped 24 places on the World Bank Contract Enforcement Index, reaching 59 from 83 in the previous year’s list.

The index measures the time and cost for resolving a commercial dispute through a local first-instance court.

The Ease of Doing Business 2019 report said steps taken by the Kingdom’s Ministry of Justice during the past two years have contributed to the improved standing.

Arab News: Copyright: Arab News © 2017 All rights reserved. Provided by SyndiGate Media Inc. ( www.Syndigate.info ).

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