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ABU DHABI / WAM
The United Arab Emirates has maintained its regional lead and ranked fifth globally in global competitiveness, according to the World Competitiveness Yearbook 2019, published by the Swiss-based International Institute for Management Development (IMD) on Wednesday.
‘‘UAE enters top five for the first time,’’ said the IMD World Competitiveness Rankings. ‘‘The United Arab Emirates — ranked 15th in 2016 — entered the top five for the first time. The UAE now ranks first globally for business efficiency, outshining other economies in areas such as productivity, digital transformation and entrepreneurship.’’
Commenting the UAE’s landmark achievements, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said: “We entered the competitiveness race ten years ago and the UAE is now leading the region and taking the fifth ranks globally…We will continue to developing our national competencies, our government services and our basic infrastructure.
We want the best in the world for our people and residents.’’