UAE ranks first for best business climate

UAE ranks first for best business climate

The UAE is the most competitive country in the Arab world, according to the 2022 IMD World Competitiveness Ranking.

Led by the UAE in the number one position, the GCC countries again dominated the business fundamentals rankings, which compare the legal, regulatory, and tax frameworks of emerging markets countries.

The UAE was followed by Qatar (2), Saudi Arabia (3), Oman (5), Bahrain (6), and Kuwait (11) for providing the best business climate in the 14th annual Agility Emerging Markets Logistics Index.

According to the 2022 IMD World Competitiveness Ranking, the UAE is the most competitive country in the Arab world. The UAE also emerged as the 8th most competitive economy in Europe, the Middle East, and Africa, just behind Denmark, Switzerland, Sweden, Netherlands, Finland, Norway, and Ireland.

Global supply chain executives say innovation and help for small businesses will do the most to drive non-oil economic growth for Gulf economies, which outperformed most others in the index.

According to the survey by Agility, a global leader in supply chain services, the UAE was ranked No. 3 overall, behind China and India in the 50-country Index. Saudi Arabia was No. 6. Both countries were in the top 10 in all four Index categories: domestic logistics, international