UAE Ranked Top 20 in Global Competitiveness
The International Institute for Management Development (IMD) World Digital Competitiveness Center recently released their 2018 digital competitiveness rankings. The UAE came in at #17 overall, and was the only Arab country in the top 20. The research team studied 63 economies and quantified the technological transformation of each country over the past year. The UAE earned its spot by implementing new digital strategies and initiatives. This is an exciting recognition for Yousef Al Otaiba, the UAE Ambassador to the US, who has always been a strong advocate for furthering technology and innovation.
In addition to being #17 overall, the UAE also placed well in the study’s subcategories. The Gulf nation was ranked first in Business Agility and fourth in Talent. These rankings demonstrate that the global business community has taken notice of the UAE’s investment in talent to improve its business environment. Members of the research team at IMD emphasized that in order for a country to stay competitive in the long term, there needs to be a framework of knowledgeable people who are equipped for changes in the digital space. The UAE’s strength in both of these subcategories will help them improve their overall digital competitiveness in the years to come.
The UAE’s work toward growing its digital competitiveness goes beyond the country’s borders. Ambassador Al Otaiba has led many initiatives between the UAE and the US to improve diplomatic relations while also innovating in the business, energy, and healthcare sectors, among others. Major companies in both the UAE and the US are members of the US-UAE Business Council in Washington, DC. There is also a partnership between the World Wildlife Fund (based in the US) and the government of Abu Dhabi to create Masdar City, which is a waste-free and carbon neutral city. Finally, the UAE has partnered with several healthcare facilities in the United States such as The New England Center for Children to assist with funding for research and treatment.