Dar Al Ber hails UAE ranking among top 10 most competitive countries
06/02/2017
Dubai, UAE: Dar Al Ber Society has hailed the UAE government tireless effort after the country has made it into the coveted list of the ten most competitive countries in the world in the 2017, according to the IMD World Competitiveness Yearbook.
This year, the country improved its ranking by five positions from its 2016 overall global competitiveness ranking of 15th, securing a place among the world’s top ten most competitive nations.
The IMD World Competitiveness Centre, a research group at the IMD business school in Switzerland, has published the rankings every year since 1989. It compiles them using 260 indicators, about two thirds of which come from ‘hard’ data such as national employment and trade statistics; and a third from more than 6,250 responses to an executive opinion survey that measures the business perception of issues such as corruption, environmental concerns and quality of life.
The UAE has not only jumped five positions in one year, but has also come first worldwide in terms of quality government decisions, flexible government policies, and legally supported adoption of technology.