The UAE continues to solidify its position as a global leader in competitiveness, reflecting the nation’s visionary leadership and relentless commitment to progress and human development. In 2024, the UAE ranked first globally in 223 indicators, an increase from 215 in 2023, and secured a spot among the top five countries in 444 indicators, compared to 406 last year. Additionally, the UAE ranked among the top ten globally in 661 indicators, up from 604 in 2023 and 508 in 2022.
In the IMD World Competitiveness Yearbook 2024, the UAE climbed three places to secure the seventh position globally, showcasing remarkable performance across all dimensions. The nation ranked second globally in economic performance, fourth in government efficiency, and tenth in business environment efficiency, further cementing its standing as a hub for innovation and development. The UAE also demonstrated excellence in human development and entrepreneurship. It ranked first regionally and 17th globally in the 2023/2024 Human Development Index, issued by the UNDP “United Nations Development Programme”.
In addition, the country maintained its top global position in the Global Entrepreneurship Monitor report for the third consecutive year, achieving a record score of 7.7, the highest since the report’s inception. In the realm of travel and transport, the UAE achieved first place globally in the Quality of Air Transport Infrastructure Index and ranked fifth in road quality and tenth in the efficiency of public transport. It also ranked ninth globally in the efficiency of port services and second globally in the number of new foreign direct investment (FDI) projects. With 1,323 new projects worth $30.7 billion (AED 112.6 billion), the UAE demonstrated a remarkable 33% growth in FDI compared to the previous year.
The UAE’s digital and government leadership continues to set global benchmarks. It ranked first globally in the ICT Infrastructure Index with a perfect score of 100%. The nation also advanced 34 places in the Human Capital Index, moving from 44th to 10th globally, while achieving first place in Asia and the Arab world. These achievements highlight the UAE’s commitment to economic growth, sustainability, innovation, and enhancing the quality of life for its citizens and residents. The future is brighter than ever for the UAE as it continues to lead on the global stage.
SOURCE & CREDITS: Post of Mohamed Naser Al Zaabi to Linked in