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.
More from Economy
More from Business
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
