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UAE has the most competitive industrial sector in the Arab world

UAE has the most competitive industrial sector in the Arab world

The UAE has the most competitive industrial sector in the Arab world, according to the latest United Nations global rankings. The country 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

The UAE has the most competitive industrial sector in the Arab world, according to the latest United Nations global rankings.

The country 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.

Manufacturing: The key to the UAE’s recovery?

With the need for diversification in mind, the UAE launched Operation 300 Billion – a highly ambitious, 10-year program that aims to boost the industrial sector’s contributions to the economy

Dr. Sultan bin Ahmed Al Jaber, the UAE’s Minister of Industry and Advanced Technology, said: “UNIDO’s report reaffirms the UAE’s global reputation for developing an innovative industrial ecosystem underpinned by advanced technologies and Fourth Industrial Revolution solutions.

“The UAE’s continuous progress in UNIDO’s CIP shows we are well on the way to achieving the goals set out by Operation 300Bn. Thanks to the country’s attractive business environment to local and international investors in the industrial sector, the UAE is cementing its position as a global destination for pioneering future industries.”

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.

Dr. Sultan bin Ahmed Al Jaber, the UAE’s Minister of Industry and Advanced Technology.

It revealed how the UAE has rapidly climbed up the global industrial ranks by increasing its industrial performance in four out of eight indicators. The country has ascended 14 places – from 31st to 17th – for its manufacturing exports per capita, while moving up to 32nd for its total manufacturing exports.

Furthermore, the UAE is now up to 28th globally for manufacturing value added per capita, while also rising eight places for the share of its manufactured goods in its total export mix, moving up to 107th from 115th last year.

Overall, Germany ranked first in CIP 2021, followed by China, the United States, Japan and South Korea. The UAE was the only Arab nation that received a ‘high performance’ rating in the index and ranked third in the Middle East after Turkey and Israel.

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