UAE is the Leader of Internet Economy Across Middle East

The UAE has retained is leadership position in the Internet economy in the Middle East, says a new report by BCG the Boston Consulting Group.

The new research also found that the difference globally between countries that have large digital economies and the ones with small economic activity amounts to only 2.5% of the GDP a material figure for all nations.

This study is a follow up to a previous BCG report. The analysis identified 55 indicators of friction that inhibits activity online by businesses, governments and consumers.

The BCG e-Friction Index, which was introduced in the study last year, then used the indicators to rank the 65 economies according to a set of four types of e-friction.

The research expands on the prior one and outlines how the economies can move up the ladder of e-friction.

One of the companies in the Middle East that commissioned the report said that the Internet had created an environment that is unprecedented for businesses to grow and flourish due in part to its permission less innovation that makes it possible for all to explore the opportunities that are untapped in the digital economy of today.

He added that countries across the Middle East have the possibility to grow each of their digital economies and the report demonstrates how Qatar and the UAE are tapping into the potential and leading growth in the industry.

The 2015 report highlights that Qatar and the UAE are the two leaders from the Mena region with productive and advanced Internet economies.

Globally the Index ranks the UAE and Qatar as 23 and 24 respectively and ahead of many of the strong emerging economies.

The analysis of the two economies by their scores in e-friction and their GDP per capita points up interesting yet potentially useful groupings.

There are eight clusters that emerge and split into another three groups by their income levels. Amongst the economies, there are high income, well-oiled nations and all-rounders. Countries such as the UAE have generally scored low in e-friction, although the set of well-oiled performs with less consistency across the 55 indicators that doe the all-rounders.

Leave a Reply

© 2006-2016 Mideast Time.