Dubai leads regional, global rankings in IMD Competitiveness Report

Dubai has been ranked first in the Arab world in terms of government budget as a percentage of gross domestic product (GDP), according to the Competitiveness Report 2018 issued by Switzerland-based International Competitiveness Centre of the International Institute for Management Development (IMD).

The emirate is also ranked third in public finance and seventh in government efficiency globally due to clear and streamlined approach to government work, supplemented by policies and plans that support business competitiveness.

“Dubai has set a high benchmark for both government and business efficiency,” said Sami Al Qamzi, director general of the Department of Economic Development (DED), in a statement issued by the media office of Government of Dubai on Tuesday.