Driven by economic, social and political factors, the global economy is in a constant state of change. This is why UAE Vision 2021, National Agenda aims for the UAE to become the versatile economic, touristic and commercial capital for more than two billion people by transitioning to a knowledge-based economy, promoting innovation and research and development, strengthening the regulatory framework for key sectors, and encouraging high value-adding sectors.
To achieve sustainable growth and prosperity, UAE leadership adopted a competitive approach to its development. The Federal Competitiveness and Statistics Authority (FCSA) articulates a competitive framework as a wide-ranging set of policies and actions that enable the UAE to build for the long term and embrace economic transformation by leveraging its competitive advantages.
The UAE’s competitive approach to nation building envisages the creation of a policy environment that allows human capital and natural resources to be highly productive and enables the economy to be strengthened in its higher value-added productivity sectors, resulting in higher levels of prosperity.
The FCSA aims to improve the UAE’s ranking in global competitiveness reports by working with stakeholders on defining and implementing reforms and policies across sectors. And the positive results of their tireless efforts can be witnessed in every field.
While being a young nation, the UAE has demonstrated time and again that it follows the best global practices and standards in governance across all sectors ranging from strength of the economy to stimulating innovation.
The UAE is gearing up to celebrate its golden jubilee in 2021 and all the indices indicate that the nation has the potential to compete with and even beat the developed global economies and join the top 10 list by then. The years ahead will be a time of unprecedented opportunities, growth and development.
We invite you to be a part of our success story.