UAE has ‘most competitive industrial sector in Arab world’
The UAE has the most competitive industrial sector in the Arab world, according to the latest UN global rankings published. The country has reached 30th in the world in the 2021 United Nation’s Industrial Organisation’s (UNIDO) Competitive Industrial Performance Index (CIP) report which tracks 152 countries.
The UAE has climbed five places since 2020 and nine places since 2017 in the UNIDO CIP, demonstrating the competitiveness of the nation’s industrial sector and its business ecosystem, in line with the National Strategy for Industry and Advanced Technology, Operation 300bn.
The report noted the UAE’s progress in infrastructure and the industrial sector’s business ecosystem. It referred to the UAE’s strategy for sustainable growth in the industrial sector through incorporating advanced technology, promoting science-based education, balancing industrial progress with environmental sustainability, and encouraging innovation.
