UAE has been ranked number one in government efficiency and social cohesion, and is the eighth most competitive in the world. It has also been ranked fourth in economic performance, fifth in employment and sixth in management practices, according to the Global Competitiveness Handbook 2013, issued by the International Institute of Management Development in Switzerland.
In government efficiency, the UAE jumped from last year’s third place to number one this year. In economic performance, the country rose seven places to become fourth, while in business efficiency, its current ninth place ranking is after an impressive 10-spot jump.
Speaking on the achievement, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, gave credit to the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, for his vision in making the country rank among the top nations of the world.
“Led by the President, the UAE people work together as one team; from Al Sala’a to Al Fujairah, The President cares about every single citizen and he is building a bright future for our entire nation,” Sheikh Mohammed said adding that “this accomplishment is the fruits of labour of thousands of teams, in both federal and local government departments across the entire UAE, and constitutes a very clear message to the world that the UAE people will settle with nothing less than being number one”.
The Swiss-based IMD’s Global Competitiveness Yearbook is one of the most comprehensive annual global reports on nations’ competitiveness and is widely consulted by policy makers, businesses and investors alike. The World Competitiveness Yearbook ranks and analyses countries on the basis of over 300 criteria — both hard and survey-based data — on how they use their resources to increase prosperity, including economic growth, environmental concerns and quality of life.
