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Gulf Press > Gulf > Bahrain > Bahrain is ranked 16th worldwide for digital business readiness
Bahrain

Bahrain is ranked 16th worldwide for digital business readiness

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Last updated: 2024/08/23 at 9:58 PM
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Bahrain has been recognized as a significant player in the Arab world for digital business readiness according to two global economic reports. The country’s rank of 16th in digital readiness among emerging markets highlights its growing influence in the region’s digital economy. In the Agility Emerging Markets Logistics Index, Bahrain holds the 16th spot globally, just behind Oman and ahead of Kuwait. The UAE, Qatar, and Saudi Arabia also scored well in the index, showcasing the Gulf region’s strong digital transformation.

The CEOWORLD magazine report further confirms Bahrain’s success, ranking it fourth among Gulf Cooperation Council countries in the Ease of Digital Business Index. This puts Bahrain behind the UAE, Saudi Arabia, and Qatar, reflecting the competitive digital landscape that attracts investment and supports a growing tech sector. Factors contributing to Bahrain’s good ranking include market potential, a skilled workforce, entrepreneurial spirit, and a supportive institutional environment. The country’s security, privacy, and government policies also make it an appealing destination for digital business.

When looking at the global stage, the United States was rated as the best country for ease of digital business, making it the most attractive market for investors and skilled workers. China, Japan, the United Kingdom, and Germany followed in the top five rankings. India, France, South Korea, Canada, and the UAE rounded out the top ten positions. Other noteworthy countries in the top rankings included Taiwan, Singapore, the Netherlands, Brazil, and Russia, from 11th to 15th place in the CEOWORLD Global Investment Confidence Index.

The CEOWORLD Global Investment Confidence Index was conducted through a survey of over 120,000 senior executives and business leaders worldwide, covering 128 different countries and regions. Each country was evaluated on five key factors: market potential, a skilled workforce, entrepreneurship, innovation, and the security and privacy environment established by government policies. All factors were given equal weight in determining the final rankings of the countries.

Overall, Bahrain’s recognition in these global reports highlights its progress in the digital business arena and its appeal to investors looking for a conducive environment for their operations. With its strong digital infrastructure and supportive policies, Bahrain is well-positioned to continue its growth in the digital economy. As the country continues to attract investment and foster innovation in its tech sector, its rankings on the global stage are likely to further improve, solidifying its place as a key player in the digital business landscape.

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News Room August 23, 2024
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