UAE named most competitive economy in Mena region

23 August 2018
Arab World Competitiveness Report 2018 based rankings on 12 factors

The UAE has the most competitive economy in the Middle East and North Africa (Mena), according to a recent study from the World Bank Group and the World Economic Forum.

The Arab World Competitiveness Report 2018 ranked the UAE as the 17th most competitive country in the world. Saudi Arabia was ranked 30th most competitive. The rankings are based on 12 factors - from education to infrastructure - that are critical for productivity and economic growth.

The UAE’s economic diversification programme has strengthened its macroeconomic position and made it better prepared to cope with the double shock of lower oil and gas prices and reduced global trade, the report said.

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