The UAE is a leader in the digital Arabian landscape, according to the results of a key report from the World Economic Forum (WEF).
The Digital Evolution Index, collectively compiled by The Fletcher School at Tufts University, Harvard Business School and WEF, is an annual report that measures the progress of digital economy, studying over 100 different indicators to group nations into one of four performance quadrants: stand out, break out, stall out and watch out.
The report aims to give a sense of how online presence has an effect on a country’s economy, as well as giving an overall picture of globalisation in the digital age.
Placing first in the Arab region and 22nd in the world out of 60 nations, the UAE cemented its place as an up-and-coming player in the report’s ‘stand out’ category, denoting a high level of digital growth, as well as placing tenth globally for its fast-paced rate of change over time.
“The strategies, projects and initiatives that have been implemented in the Emirates brought together all the necessary ingredients to create the incredible momentum that catapulted the country to the high ranks of the World Economic Forum’s classification,” said Dr Aisha bint Butti bin Bishr, director general of the Smart Dubai Office.
“We have a responsibility now to continually sustain this momentum over time, using innovation and a future-oriented outlook to galvanise further expansions,” she added.
Innovation forms a fundamental part of the UAE’s Vision 2021 national strategy, with policies in place to develop a competitive knowledge economy.
The achievement continues the UAE’s uptick in the digital sphere, after the nation raised its profile by 15 points for knowledge and technology in the recently published Global Innovation Index.