GCC Market InsightsCountriesMENAUnited Arab EmiratesWorld

The UAE Ranked among the countries with the most competitive economies in 2024

The UAE Ranked among the countries with the most competitive economies in 2024

The assessment, based on comprehensive factors including GDP, productivity, political stability, social cohesion, and cultural impact, underscores the UAE’s robust economic growth and strategic advancements

Press Release

June 24, 2024

Dubai, UAE:- The United Arab Emirates has secured a prominent position among the world’s most competitive economies, rising to the 7th spot in the latest rankings released by the IMD World Competitiveness Ranking. The assessment, based on comprehensive factors including GDP, productivity, political stability, social cohesion, and cultural impact, underscores the UAE’s robust economic growth and strategic advancements.

Singapore emerged as the leader in 2024 rankings, followed closely by Switzerland, Denmark, Ireland, Hong Kong, and Sweden. The UAE’s ascent to the 7th position marks a notable achievement, reflecting its continuous efforts in enhancing economic performance, government and business efficiency, and infrastructure development.

Over the past year, the UAE has made significant strides in bolstering its economic foundations, supported by proactive government policies and strategic investments across various sectors. The country’s commitment to innovation and sustainable development has reinforced its attractiveness as a global business hub and a preferred destination for foreign investment.

Commenting on the achievement, Group-CEO of D&B Properties, Adham Younis expressed, “The UAE’s climb to the 7th position in IMD World Competitiveness Ranking is a testament to UAE nation’s unwavering commitment to excellence and innovation. Seeing the efforts recognized on global stage reinforces the UAE’s position as a leading economic powerhouse”

The IMD World Competitiveness Ranking serves as a testament to the UAE’s ongoing commitment to fostering a conducive business environment, promoting entrepreneurship, and driving sustainable growth. As the country looks ahead, it remains dedicated to advancing its competitiveness agenda, leveraging its strengths in innovation, infrastructure, and economic diversification.

-Ends-

 About D&B Properties:

D&B Properties is a leading real estate firm specializing in luxury residential and commercial properties in Dubai. With a commitment to innovation and client satisfaction, D&B Properties continues to set new benchmarks in Dubai’s dynamic real estate sector.

For media inquiries or further information, please contact:
Follow D&B Properties on:

Source
https://www.zawya.com/

Gulf Estate Gazette

Gulf Estate Gazette is a leading source for comprehensive insights into the dynamic real estate landscape of the GCC and MENA region. Our platform is dedicated to providing valuable information and perspectives for individuals, investors, and industry professionals. With a passionate team and an unwavering commitment to excellence, we aim to empower our audience with the knowledge and opportunities needed to thrive in the ever-evolving world of real estate in the Gulf and beyond.

Related Articles

Back to top button