The Federal Competitiveness and Statistics Centre Reports revealed the classification of the United Arab Emirates within the global top ten club in 24 indicators of competitiveness indicators for the economic sector and doing business for the year 2020, by major international references specialized in measuring economic performance.
According to the annual book on global competitiveness issued by the International Institute for Administrative Development, as well as in the Global Competitiveness Report and the Prosperity Index published by the Legatum Institute, the UAE has topped the list of competitiveness indicators related to the economic sector and sustainability. These indicators include partnership between the government and the private sector, low inflation and terms of trade. It also covers less time to file taxes, fewer threats to change business locations on the economy, less tax evasion and less wasteful government spending, as well as less personal income tax collected in percentage terms.
The UAE was among the first in the indicators of corporate resilience, ease of doing business, total domestic savings, and the state of developing economic clusters.
Source (Al Khaleej Newspaper-UAE, Edited)
