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Tue 28 May 2019 09:22 AM

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UAE to hit top 10 in 1,000 competitive indices within 10 years

Dubai ruler said the UAE is currently in the top positions in the world in more than 300 indicators

UAE to hit top 10 in 1,000 competitive indices within 10 years
"We look forward to a future decade of competitive innovation. We build on what we have achieved in the past 10 years," said Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

Dubai’s ruler on Monday issued a directive to all federal and local government entities in the United Arab Emirates to boost efforts to dominate the top ten ranks in 1,000 world competitive indices over the next ten years.

"We have risen to the top positions in the most important indices of education, health, economy, innovation, security and safety," Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said during a visit to the Bab Al Shams Resort for a meeting of the Federal Competitiveness and Statistics Authority (FCSA).

"We started with an ambitious idea and a small team. Today, competitiveness has become an integral part of the government work system in the country," he was quoted as saying by the WAM state news agency.

"We look forward to a future decade of competitive innovation. We build on what we have achieved in the past 10 years. Today, the UAE is in the top positions in the world in more than 300 indicators. In the next 10 years, we will be in the top ten in more than 1,000 indices. We are confident that young Emirati men and women are set to achieve what our people aspire to make our country the best in the world," he concluded.

Enabling environment

The Global Competitiveness Report, issued each year by the World Economic Forum, ranked the UAE 27th on the latest report issued in October 2018, with 140 countries included on the list.

In its report the WEF said the UAE’s “main strength lies in the quality of its enabling environment, as companies can operate under stable macroeconomic conditions (1st), make use of good infrastructure (15th) and one of the highest levels of ICT adoption in the world (6th)”.

In the global rankings, the UAE ranked first for macro-economic stability and also ranked highly for quality of roads, efficiency of air transport service, electrification rate, mobile-cellular telephone subscriptions, mobile-broadband subscriptions, hiring and firing practices, ease of hiring foreign labour, pay and productivity and diversity of workforce.

The Global Competitiveness Report 2019 will be launched on October 9.

In June last year, Dubai ranked seventh globally in government efficiency and third in public finance, according to a new report.

The Competitiveness Report 2018 issued by the Swiss-based International Competitiveness Centre of the International Institute for Management Development (IMD) also placed Dubai first in the Arab world for government budget as a percentage of GDP.

Government efficiency, as evaluated in the report, was measured on economic performance, efficiency of the business environment and infrastructure.