Business

UAE is a world leader in government response to pandemic on IMD`s competitiveness rankings

Dubai: The UAE ranks first globally on 20 development indicators – including the government’s ability to adapt to change despite the COVID-19 pandemic. It maintains its position as the ninth most competitive nation in the world for the second consecutive year, and retains its position as the only Arab country among the Top 10. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ruler of Dubai, pointed to his twitter account to announce the ranking and stressed that the UAE will not stop moving forward. The UAE is among the Top 10 in competitiveness and is also progressing according to 120 indicators World Competitiveness Rankings 2021 released by Switzerland’s International Institute for Management Development. Switzerland topped this year, followed by Sweden, Denmark, the Netherlands and Singapore.

EMIRATI TODAY - Emirati News, the UAE Daily News

The United Arab Emirates are mega-economies like the US, China, Canada, Germany and the UK. “Despite the pandemic, the UAE has made progress in 120 global indicators,” sheikh Mohammed tweeted. ‘We have reached the world in 20 development indicators and the United Arab Emirates is among the top 10 countries that are competitive and globally ranked first in the ability of government to adapt to change. “We did not stand still during the pandemic, and we will not stop moving forward.” The UAE was first in the labor market and attitudes and values, third in public finance and tax policy, fourth in international trade; and fifth in business law. The IMD World Competitiveness Ranking 2021 measures the prosperity and competitiveness of 64 countries based on economic performance, government efficiency, operational efficiency and infrastructure, as well as a survey of managers working in the respective economies.