Incentive measures announced at the federal and individual emirate levels ranked the UAE second in COVID-19 response efforts.
Image credit: WAM
Dubai: The United Arab Emirates ranks first in the Middle East and fourth in the Global Entrepreneurship Index (GEI) 2020, ahead of the USA, Great Britain and China. In the 2019 ranking, the country took fifth place.
Indonesia took first place in the 2020 ranking, followed by the Netherlands and Taiwan. This was brought out by GEM (Global Entrepreneurship Monitor) which is a reference for the state of entrepreneurship in different countries.
“The ranking shows the success of national entrepreneurship development efforts over the past decade and highlights SMEs as key drivers of economic diversification and sustainability,” said Abdulla Bin Touq Al Marri, UAE Minister of Economy.
Quick efforts
Of particular note, the country ranks second in national governments’ response to the COVID-19 lockdown and its impact on the corporate sector. The United Arab Emirates also ranked top for infrastructure and services with 7.3 out of 10, outperforming the UK, USA, Spain, Austria and Germany.
“We will ensure the integration of new business models into the activities of entrepreneurs in order to improve their performance, make them globally competitive and enable them to keep pace with global developments and ultimately take an active part in the country’s economic transformation,” said Al Marri.
