(Abu Dhabi) – The UAE showed a significant improvement in its innovation standing on the 2016 Global Innovation Index which was officially launched at a press conference at the European headquarters of the United Nations in Geneva, Switzerland.
The UAE ranked first among Arab countries and 41st worldwide in terms of overall performance on the index, up from second in the Arab World and 47th globally in 2015.
This year’s Global Innovation Index measured the performance of 128 countries and economies in the area of innovation which represents the majority of the global workforce and global GDP. The index is based on 82 sub-indices which measure innovation in detail and provide a clear understanding of how it drives economic growth and prosperity.
The index results attributed the outstanding progress of the UAE this year to its sustainable achievements in innovation inputs, especially the strengthening of institutions and market sophistication. The UAE has one of the best political and legislative environments in the world along with outstanding development in information technology, communications, infrastructure, and innovation linkages.
(Courtesy WAM)
