The UAE has been ranked first in the Arab region and 29th globally in th eUnited Nations Industrial Development Organization (UNIDO) Competitive Industrial Performance Index (CIP), climbing two spots from last year’s index.
The CIP, which ranks 153 countries, assesses national industrial performance in the global economy, benchmarking the ability of countries to produce and export competitively.
This index gauges and compares the strength of industrial competitiveness within countries. It is based on indicators including technological capabilities, innovation, productivity, and trade performance.
The UAE has remained in the CIP’s top quintile, reflecting its position as a regional and global player in the industrial sector. Under the CIP, the UAE climbed from 124 to 115 in Industrial Export Quality, 98 to 95 in Share of Manufacturing Value Added in GDP, 110 to 97 in Share of Manufacturing Exports in Total Exports and 17 to 14 in Manufacturing Export per Capita indices.
Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, said, “The UAE leadership’s vision and directives have laid solid foundations to achieve sustainable economic development. The country has made qualitative leaps in industrial development and has been able to strengthen its strategic position as it moves towards achieving its industrial goals through a set of competitive advantages that enhance its position as a global hub for manufacturing and innovation.
“The recent UNIDO ranking confirms the UAE’s leadership in industry and advanced technology and highlights the country’s industrial trajectory. It also reflects MoIAT’s commitment to stimulating sustainable industrial growth and enhancing investment attractiveness as well as regional and international competitiveness through deploying advanced technologies and solutions of the Fourth Industrial Revolution.”
UAE ranks first regionally for second consecutive year in UNIDO’s Competitive Industrial Performance Index.#WamNews https://t.co/2qI7ptITQm pic.twitter.com/1EoXpDEuZ8
— WAM English (@WAMNEWS_ENG) July 17, 2023
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