The National Competitiveness Center and the World Bank Group have announced plans to establish a Knowledge Center in Saudi Arabia to disseminate global economic reform culture. The center is intended to pave the way for further regional and global cooperation in terms of competitiveness and leverage Saudi Arabia's experience in implementing economic reforms. Moreover, the move is designed to enable the country to benefit from the World Bank's expertise in this area. The country was chosen by the bank to act as a Knowledge Center in order to spread economic reform culture due to its significant progress in reports and global competitive indicators, which is the result of economic reforms implemented with the support of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister – May Allah protect him.