(MENAFN- The Peninsula) The Peninsula
Doha: Qatar has been ranked first in the Arab region in a number of international development indicators showing the country's remarkable achievements in various sectors, the Qatar Chamber (QC) highlighted in its latest monthly economic newsletter for June 2020.
According to the report, Qatar leads the Arab countries in the participation of women in labour force with about 58 percent, followed by Kuwait with 49.3 percent, as reported by the Arab Monetary Fund.
Qatar also ranked first in the Middle East and North Africa (MENA) region and 27th globally in Global Peace Index for 2020, which is issued by the Institute for Economics and Peace in Sydney, Australia, maintaining its superiority in the global index ranking.
It also ranked first in the Arab world and 16th globally in the Societal Safety and Security index, making Qatar one of the 20 safest countries in the world.
Commenting on this ranking, the QC's newsletter said that this accomplishment stressed the country's leading position worldwide in safety, noting that it is corresponding with the QNV 2030 and its main strategy in maintaining security and safety, therefore enhancing investment climate.
The state also ranked 31st globally in the economic freedom index among 168 countries, according to the 2020 Index issued by the Heritage Foundation in Washington in Global Finance Magazine.
The report, which was prepared by the QC's Researches & Studies Department, highlighted the most prominent trends in the Qatari economy, and featured statistics related to foreign trade and trade of the private sector. It also featured views of the business community on the issuance of the Public-Private Partnership Law, which emphasised that the private sector is a real partner of the state in implementing many development projects.
It also highlighted that the consequences of the blockade and the COVID-19 pandemic have demonstrated the real capabilities of the private sector and its eligibility to implement major development projects within the framework of the objectives of economic diversification and attracting domestic and foreign investment.
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