The UAE is one of the most advanced digital economies in the world, landing in the top 20 globally and first in the Arab world, according to the latest report.
The new edition of IMD World Digital Competitiveness Ranking 2018 released on Tuesday, showed the UAE moving up in the overall list to reach the 17th place, ahead of Germany, New Zealand, Ireland, France and Japan, among many other developed economies.
The ranking covers 63 economies. It seeks to assess the extent to which a country adopts and explores digital technologies leading to transformation in government practices, business models and society in general.
The UAE’s improved ranking in digital competitiveness comes as a result of the country’s continued developments and increase adoption of digital strategies in various projects and initiatives implemented across UAE.
The country ranks first globally in business agility, third globally in regulatory framework and fourth globally in terms of talent.
“The UAE improves its overall digital ranking in 2018, to reach 17th place. Although this is a slight increase, we see some good performance in various sub-factors included in the report,” said professor Arturo Bris, director of the IMD World Competitiveness Centre.