Dubai: The UAE has been ranked 27th in the world in the Global Competitiveness Report issued by the World Economic Forum (WEF), it was announced yesterday.
According to Abdullah Lootah, secretary-general of the Emirates Competitiveness Council, the UAE has been ranked among the top ten countries in more than 20 indicators of competitiveness globally, and has reached an advanced position among the 142 countries surveyed in the report.
The UAE ranked third in the world in terms of security stability and took fourth place on quality of infrastructure for air transport.
Constant efforts
"The UAE continues its efforts to achieve sustainable development through the setting up of appropriate legislative frameworks and the provision of developed infrastructure that will further enhance the country's status as a global destination for investments," Lootah said.
"The UAE's ability to secure an advanced ranking is a result of the UAE government's commitment to the development of infrastructure and building new economic sectors," he added.
