New Delhi, July 14 -- it has become a net exporter of development knowledge, whose transformation of its labor market, digital economy, and healthcare system is now being codified into frameworks for other countries to adopt.

Paschal Donohoe, Managing Director and Chief Knowledge Officer of the World Bank Group, made the assessment in an interview with Asharq Al-Awsat, the most detailed public statement on the Saudi-World Bank relationship he has made this year. Unemployment in the Kingdom stands at 2.8 percent, a historic low. Half of employed Saudi nationals now work in the private sector. Labor force participation has reached 67.1 percent. The digital economy contributes roughly 15 percent of GDP.

Donohoe said Saudi Arabia's achievem...