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1/23/25, 2:10 PM UAE Highlights Role of Proactive Initiatives in Boosting Economic Competitiveness at Davos 2025
sectors.

UAE’s Competitiveness And Strategic Vision

Addressing global challenges such as technological advancements, economic transitions, and
environmental issues, Al Marri highlighted the UAE's achievements, including:

Ranking 7th globally in the World Competitiveness Report 2024, a three-spot climb from 2023.
Securing top positions in 223 global indicators, including 20 indicators in the Future Possibilities
Index (FPI).
Being home to over 1.1 million companies, solidifying its status as a hub for investors and
entrepreneurs.
Al Marri stated:
"The UAE's wise leadership has laid the groundwork for a resilient, competitive economy by fostering
innovation, embracing advanced technologies, and creating a high-quality life ecosystem for its
residents. Our achievements in global competitiveness underscore the strength and adaptability of the

UAE economy."

Economic Diversification And Sustainability

Al Marri outlined the UAE’s success in diversifying its economy, with non-oil sectors now
contributing 75% of GDP, aligning with the "We the UAE 2031" vision to establish the nation as a
global hub for the new economy. Key sectors driving this transition include:

Fintech and AI
Entrepreneurship and advanced manufacturing
Food security and environmental sustainability
He stressed the importance of accelerating the shift toward knowledge-based and technology-
driven economic models, ensuring adaptability to geopolitical tensions, inflationary pressures, and
fluctuating oil prices.

Commitment To Innovation And Digital Transformation

The UAE's focus on digital transformation, AI integration, and human capital development positions it
as a leader in aligning innovation with economic outcomes. Al Marri added:

"Economic competitiveness demands innovation, research, and public-private partnerships to create a
business-friendly environment that attracts investment and fosters startup growth."

Active Participation At Davos 2025

The UAE delegation actively engaged in sessions, meetings, and discussions at WEF 2025,
reinforcing the nation’s influence in global dialogues on sustainability, technology, trade, and energy.

The UAE's efforts underscore its commitment to sustainable economic development and leadership in
key sectors shaping the future economy.

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