The United Arab Emirates has maintained its upward trajectory in international competitiveness studies in 2024, securing prime positions in key indicators because of the sensible management and forward-thinking imaginative and prescient aimed toward human growth as the muse and first purpose of growth.
The UAE ranked first globally in 223 indicators, in comparison with 215 in 2023, and was among the many prime 5 international locations globally in 444 indicators, in comparison with 406 in 2023. It additionally ranked among the many prime 10 globally in 661 indicators, in comparison with 604 in 2023 and 508 in 2022.
The UAE’s progress is a tangible reflection of ongoing modernisation efforts within the legislative framework, the launch of proactive initiatives supporting the financial system and funding, the rule of legislation, the utilisation of superior know-how, and the event of assorted sectors to reinforce the standard of life for all residents and residents.
Within the IMD World Competitiveness Yearbook 2024, the UAE climbed three locations to seventh globally, following its achievement final yr of coming into the highest 10 international locations within the report.
The UAE’s efficiency was excellent throughout all report dimensions, rating second globally within the financial efficiency, fourth within the authorities effectivity, and tenth within the enterprise surroundings effectivity.
The UAE’s optimistic efficiency has contributed to its main place globally in over 90 indicators within the report, which fall underneath its essential and sub-factors.
The UAE ranked first regionally within the 2023/2024 Human Growth Index report issued by the United Nations Growth Programme and ranked seventeenth globally out of 193 international locations included within the report.
For the third consecutive yr, the UAE ranked first globally within the 2023/2024 World Entrepreneurship Monitor report, recording a charge of seven.7, a document excessive for the reason that report’s launch.
The UAE ranked first within the Center East and North Africa and 18th globally within the Journey & Tourism Growth Index issued by the World Financial Discussion board.
The UAE achieved fifth place globally and first within the Arab world in highway high quality and tenth globally and second within the Arab world within the effectivity of public transport companies, along with ninth place globally and first within the Arab world within the effectivity of port companies, based on the Journey & Tourism Growth Index 2024, issued in Might by the World Financial Discussion board.
All through 2024, the UAE topped the world in plenty of competitiveness indicators associated to the civil aviation sector. It ranked first globally within the High quality of Air Transport Infrastructure Index inside the 2024 Journey & Tourism Growth Index and third globally within the effectivity of air transport companies and variety of seats for weekly worldwide departures/kilometre indices.
In accordance with the United Nations Convention on Commerce and Growth (UNCTAD) report issued in June, the UAE ranked second globally after the USA within the variety of new FDI tasks in 2023, with 1,323 new tasks, representing a progress charge of round 33% in comparison with the earlier yr.
The report indicated that the UAE recorded inflows of overseas direct funding tasks in 2023 amounting to $30.688 billion (roughly AED112.6 billion), whereas the UAE’s overseas investments on the finish of the identical yr amounted to $262.208 billion (roughly AED 962 billion).
The UAE achieved excellent leads to plenty of indicators associated to authorities and digital companies, as issued within the United Nations E-Authorities Survey 2024. It ranked first globally within the ICT Infrastructure Index and achieved a full rating of 100%, whereas the nation superior 34 factors within the Human Capital Index, transferring from forty fourth to tenth place and attaining first place in Asia and the Arab world on this index.
The UAE reached fifth place globally within the High quality Infrastructure Index for Sustainable Growth in 2024, issued by the United Nations Industrial Growth Organisation (UNIDO), inside the class of nations with a gross home product starting from $100 billion to $1 trillion.
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