UAE's Global Competitiveness and FDI Investments Continue on Upward Trend

UAE's Global Competitiveness and FDI Investments Continue on Upward Trend

UAE ranked 7th globally in the IMD World Competitiveness Booklet 2024

The UAE was ranked 7th globally in the IMD World Competitiveness Booklet 2024 issued by the World Competitiveness Centre of the World Institute for Management Development (IMD).

In the same report, it was ranked 1st in the Middle East and North Africa region for the 8th consecutive year. 

On other indicators like economic performance and employment, UAE has ranked second while ranking third on labour market and international trade.

Meanwhile, Dubai has ranked first among global cities attracting greenfield foreign direct investments for the third year running as it wins the spot over locations like London and Singapore.

Abu Dhabi's 2023 census showed its population had nearly doubled since 2011 indicating strong economic growth with skilled labour being a higher percentage of the Emirate's total workforce than ever before.

All these numbers speak of a country that is becoming increasingly competive on the global stage with each passing year.

A key strategy of this success is the country's focus on non-oil businesses and trade, cushioning it from oil price volitality and positioning it as a diversified and resilient economy.

Thanks to proactive government policies, the UAE today is attracting more FDI and talent than ever before making it the go-to destination for companies and people looking for the perfect balance between ease of doing business and ease of living.

Read More: Saudi Arabia's Foreign Trade Increases 40% in Last Year to Reach US$807 Billion

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