ISLAMABAD: The United Arab Emirates (UAE) has cemented its position as the most economically competitive nation in the Arab world, securing the top spot in the latest Arab Economic Competitiveness Index released by the Arab Monetary Fund (AMF). In terms of institutional and good governance sectors, the UAE achieved an advanced ranking in both the administrative corruption and government efficiency indices. The Arab Monetary Fund report highlighted that many Arab countries have adopted multiple national strategies and visions to enhance productivity, improve efficiency of produced goods, and focus on productive sectors. Alongside, massive infrastructure projects are transforming transport networks, port facilities, and logistics services, empowering them to compete in the global marketplace. The AMF report anticipated that the enhancement of economic competitiveness and productivity would diversify Arab economies, providing employment opportunities, leading to sustainable economic development, and raising citizens’ living standards.

Source: The Nation December 23, 2023 14:37 UTC