The UAE ranked first globally in the Global Entrepreneurship Index 2022, according to the report issued by the Global Entrepreneurship Index, advancing from the fourth globally in last year's report, and thus outperforming all global economies participating in the report.
The UAE achieved the highest overall score on the index with a score of 6.8, and ranked first in the world in entrepreneurs' surveys, as the best in the world to establish and start businesses and the most supportive environment for entrepreneurship.
According to the report, the UAE has improved on 11 out of the 13 axes included in the index structure, and came as the only country in the world participating in the report, including: Entrepreneurship financing, supporting government policies and programs, integrating an entrepreneurial culture into education, commercial infrastructure and professional competency level, easy access to markets, physical infrastructure, research and development level and knowledge transfer, entrepreneurial culture in society, and others. UAE also achieved high rates in other criteria such as: good opportunities to start a business, availability of skills and knowledge to start a business, confidence in the ability to face the challenges caused by COVID-19, and planning to use more digital technology for business development, and the ability of entrepreneurship projects in the country to generate new job opportunities in the coming years.
Source (Emirati Gulf Newspaper, Edited)
