The UAE advanced its rankings in 120 global indicators despite the Covid-19 pandemic, the country’s Vice-President has said.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said the country is number one in the world in 20 development indicators.
Also read: UAE is world’s 9th most competitive economy
He was citing the Global Competitiveness Report issued by The Institute for Management Development (IMD) in Switzerland.
“The UAE is among the top 10 countries in competitiveness and the ﬁrst globally in the government’s ability to adapt to changes.
“We did not stop during the pandemic; we will not stop after it,” Sheikh Mohammed tweeted.
Christos Cabolis, chief economist and head of operations at the IMD World Competitiveness Centre, told Khaleej Times: “The UAE keeping 9th place in the overall ranking in a difﬁcult year for the Middle East is a testament, not just of its response to Covid-19, but also to the diversiﬁcation of its economy over many years. This diversiﬁcation has been underpinned by sound and stable governance, which has provided clear long-term economic and societal goals and a business-friendly legislation.”