UAE ranked 1st and 2nd position internationally in 47 competitiveness indexes

Media IN ABU DHABI, 16th July, 2019 (WAM)

In 2018, the UAE occupied the first and second positions internationally in 47 competitiveness indexes covering around 13 development sectors, reflecting its efforts to achieve comprehensive development and the UAE 2021 Vision.  The UAE’s accomplishments were documented by several leading international organisations.

According to the International Talents Competitiveness Report by the INSEAD Business School, the UAE occupied the first position in the “Ease of Employment and Work Productivity Index” in 2018 in the labour sector as well as the second position in the “Flow of High Skilled Workers and Intellect Attraction Index.

In the area of education, the UAE occupied the first position internationally in the category of “Percentage of Foreign Higher Education Student Enrolment,” as well as the “Rate of Completing the Elementary Stage in Schools” and “Presence of International Students,” according to the International Innovation Index of the INSEAD Business School in 2018 and the Legatum Prosperity Index, respectively.

The UAE occupied the first position globally in the economy sector, in the “Lack of Inflation” and “Lack of Threats to Changes of Location of Services of the Future of the Economy” indexes, according to the World Competitiveness Report of the World Economic Forum while the Annual Competitiveness Report 2018 of the International Institute for Management Development ranked the UAE in the second position in the category of “Promoting Entrepreneurship.”

The International Innovation Index ranked the UAE in the same positions in the “Establishment of Economic Conglomerates Index” and the “Customs Services Sector Index.”

In the telecommunication and information technology sectors, the UAE was ranked first in the category of “Broadband Subscriptions” in the Global Competitiveness Report, an second in the “Digital Transformation of Companies,” according to the 2018 Global Competitiveness Yearbook.

The UAE was also ranked second globally in the “Ease of Tax Payment Index,” as documented by the Business Practice Report, and the same position in the categories of “Foreign Exchange Rates Supporting Company Competitiveness,” “Reduced Capital Tax” and Real Estate Tax.”

The UAE was ranked first internationally with regard to justice and security, in the categories of “Lack of Labour Disputes” and “Low Impact of Crime and Violence on the Cost of Work,” and second in the “Security Index” and the “Gender Balance Index.” It also ranked first in terms of gender equity and literacy rate, and second in terms of equal pay for similar work.