The UAE is the 25th most competitive economy globally as per the Global Competitiveness Report 2019, leading the MENA region and works to enhance this status by diversifying its national income. Features of the UAE’s solid economy include:
- Strategic location
- Strong financial reserves
- Large sovereign wealth funds
- Healthy international relations
- Consistent government spending on infrastructure, digital transformation and innovation
- Progressive policy of economic diversification
- Multi-specialty free zones
- Increased foreign direct investments (FDIs).
Updated on 01 Sep 2021
