Business | Economy
Competition report shows UAE strength
The UAE has enhanced its position as one of the leading competitive economies in the world after it moved up six positions to 31st place in the Global Competitiveness Report 2008-09.
- WAM
- Published: 23:50 October 14, 2008
Abu Dhabi: The UAE has enhanced its position as one of the leading competitive economies in the world after it moved up six positions to 31st place in the Global Competitiveness Report 2008-09.
Hani Al Hamili, Secretary General of the Dubai Economic Council, said the report reflects the strength of the UAE economy and its ability to compete internationally. "The UAE's powerful economy reflects the farsightedness of its wise leadership," Al Hamili said.
The report contained an important classification related to development stages represented in providing industrial atmosphere, creativity and innovation, general economic stability, and education.
Adel Al Falasi, Chief Executive of the Dubai Competitiveness Council, said there were many factors behind this achievement but the most important of which is the government support, which contributed to the economic growth. The rankings are calculated from the Executive Opinion Survey.
Share this article
Popular in Business
-
Budget travel
Airlines in the region
Take a pictorial look at some of the budget airlines in GCC
Business Editor's choice
-
Louvre, Golden Tulip hotel chains to expand in region
Dubai could host first establishment in 2010
-
Lending slows down in eurozone
Central Bank will this week announce revisions to liquidity-boosting measures
-
Global outcry over Dubai World restructuring is exaggerated
About 75 per cent of the $20b bond has already been subscribed
