UAE Amongst the Most Competitive World Economies

The United Arab Emirates has the possibilities to create hubs of excellence at the global level, as the country is heavily invested in infrastructure at the world-class level and can support its ambitious plans.

The eighth Summit of the Global Agenda is a three-day event, which began this past Sunday and attracted over 1,000 of the leading experts in the world of many key industries and is chaired by the Minister of Economy of the UAE Sultan Bin Saeed Al Mansouri.

According to the most recent Global Competitiveness Report by the World Economic Forum, which ranks each year the world economies on many factors, the UAE boasts of the most competitive and strongest economies on the globe.

The report says the UAE has moved to fourth from 19th in the world in a span of less than 10 years, a milestone for the nation.

Mansouri noted the focus on innovation was of significant importance, especially for the preparing of future generations to handle what an economy that is more diverse represents.

The goal of this Summit is the developing of a better understanding of all the challenges that are affecting the world at the local, region and global level and the brainstorming of ideas and different solutions that address those same challenges.

This summit has been considered the largest brainstorming session in the world and focuses on nine challenges the world is facing.

While each of the nine challenges is equally pressing, a few to which the UAE is able to contribute significantly is social inclusion and economic growth, human capital, employment, long-term investment, economic and infrastructure development.

A strong group of experts located in the UAE as well as public officials from the Emirati, students and other attendees all were in attendance at this Summit.

The Summit has the goal of fostering ideas and the taking of action that will bring about positive change at the local, regional and global levels.

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