WAM| Dubai has ranked first in the Arab world in terms of government budget (as percentage of GDP), while globally the emirate ranked seventh in government efficiency.
It also placed third globally in terms of public finance in the latest Competitiveness Report 2018 which was issued by the International Competitiveness Center of the International Institute for Management Development (IMD) based in Lausanne, Switzerland.
Sami Al Qamzi, Director-General of the Department of Economic Development, DED, said Dubai had adopted a transparent and streamlined approach to government work, supplemented by policies and plans that support business competitiveness.
With this, he said, Dubai has created a friendly and supportive environment for businesses, a role model for many economies in the region and worldwide.
“Dubai has set a high benchmark for both government and business efficiency,” said Al Qamzi. “This achievement has been possible because of the team spirit that His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, has instilled in us. The emirate features among the strongest and most dynamic economies on the global competitiveness map. The initiatives of the Government of Dubai have boosted the emirate’s position in infrastructure efficiency, making it the world’s fourth best in basic infrastructure, ahead of developed economies such as Hong Kong, France, Japan, Switzerland and Denmark.”
Hani Al Hamli, Secretary-General of the Dubai Competitiveness Office in DED, said that that the Dubai Competitiveness Report 2018, the first of its kind in the region, compares Dubai with 63 economies across the world on 346 indicators.
“The report is based on a scientific analysis of various competitiveness indicators and their implications on legislation and policies that support public and private sector decision-makers in Dubai and support the development of appropriate economic development strategies, and consolidate the emirate’s position on the global competitiveness map,” he added.
Government efficiency, as evaluated in the report, rests on three central axes: economic performance, efficiency of the business environment and infrastructure.
