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Latest News

Global Competitiveness Report

Global Competitiveness Report

How does the United Arab Emirates stack up in this ranking of the most competitive countries on earth? And how about the rest of the Gulf?

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September 9, 2010 3:43 by



Fadi Al Saeed, Head of Equities Middle East at ING Investment Management Middle East, said he agreed that the competitive position of the UAE in the global economic environment was “strong”.
“The cost of setting up and running businesses has declined, the traffic has eased and the regulations for businesses are better than in other countries of the region,” Al Saeed told Gulf News. He also said the pace of innovation and legislative framework was better than other regional countries.
Topping the list for the second year running is Switzerland. From the Gulf region, Qatar grabs 17th, Saudi 21st, Oman and Kuwait are 34th and 35th respectively, and Bahrain is 37th.

Global Competitive Index 2010
(Last year’s positions in brackets)

1. Switzerland (1)
2. Sweden (4)
3. Singapore (3)
4. United States (2)
5. Germany (7)
6. Japan (8)
7. Finland (6)
8. Netherlands (10)
9. Denmark (5)
10. Canada (9)
11. Hong Kong SAR (11)
12. United Kingdom (13)
13. Taiwan, China (12)
14. Norway (14)
15. France (16)
16. Australia (15)
17. Qatar (22)
18. Austria (17)
19. Belgium (18)
20. Luxembourg (21)
21. Saudi Arabia (28)
22. Korea, Rep. (19)
23. New Zealand (20)
24. Israel (27)
25. United Arab Emirates (23)



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2 Comments

  1. M Jacob on September 14, 2010 8:44 pm

    All fine, but not enough UAE Nationals in private enterprise. Move, now. You can’t depend on expatriates all the time.

     
  2. Ahmed on September 16, 2010 10:42 am

    Well this is interesting….China and India are not in the top 25, but their economies tell a different tale!

     

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