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1/23/25, 2:10 PM Minister Of Economy Reviews Role Of Proactive Initiatives In Enhancing UAE Economy’s Competitiveness At Regional, Global Lev…
The session focused on the dynamic global competitiveness landscape in the face

of rapid technological advancements, environmental challenges, and evolving

economic models. It explored strategies for countries to adopt and preserve their
competitive edge, highlighting the significance of innovation, sustainable practices,

and comprehensive policies in fostering resilience and long-term prosperity in an

interconnected world.

Bin Touq said, “The UAE's participation in the World Economic Forum's annual

meeting confirms its key role in fostering inclusive and sustainable economic

development at both regional and global levels. It also supports collaboration to

find effective solutions to address global economic challenges.”

“Thanks to the guidance of its wise leadership, the UAE has adopted several
national initiatives and strategies that have enhanced its competitive edge at

regional and global levels. These efforts have also enhanced its ability to adapt to

global changes and prepare for the future by localising advanced technologies in

the services offered to the society. This continued progress across various sectors
and the creation of a top-notch quality of life ecosystem in the UAE reflect the high

level of security and stability experienced by citizens and residents,” he added.

In this context, Bin Touq highlighted the progress achieved by the UAE in global

competitiveness indicators, including top rankings in 223 global indicators in 2024.
Furthermore, it climbed three positions from that of 2023 to rank the 7th globally in

the World Competitiveness Report 2024 published by the World Competitiveness

Centre. Additionally, the UAE ranked first globally in 20 indicators of Future

Possibilities Index (FPI), as highlighted in the Global Future Possibilities Index

2024.

He added, “The UAE has achieved remarkable and pioneering outcomes in global

competitiveness in recent years, which sends a clear message regarding the

robustness of its national economy. By showcasing its resilience and adaptability

to global shifts, the UAE has exceeded the expectations set by international
institutions and has demonstrated robust growth.

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