The Federal Competitiveness and Statistics Centre Participates in the GCC Economic Competitiveness Forum to Establish a Unified Framework 

12/8/2024

The Federal Competitiveness and Statistics Centre (FCSC) participated in the first Gulf Cooperation Council (GCC) Economic Competitiveness Forum, organised by Qatar’s Ministry of Finance in collaboration with the World Economic Forum.

The forum brought together representatives from GCC member states with the aim of establishing a unified framework to enhance economic competitiveness, expand areas of cooperation, and build future partnerships. The goal was to improve the GCC’s standings in global competitiveness reports and indices. During the event, the FCSC shared insights into the UAE’s institutionalised approach to managing global competitiveness, through an operational framework overseen by the National Competitiveness Committee.

The forum featured two key sessions: "The Future of GCC Competitiveness" and "Methodologies of Global Reports." These sessions highlighted the role of GCC competitiveness centres in shaping strategies and policies to bolster the region’s competitive capabilities.

Participants also discussed the Global Competitiveness Report issued by the World Economic Forum, which assesses the performance of 141 countries across 103 indicators, grouped into 12 main pillars. These include macroeconomic stability, infrastructure, innovation capacity, and business dynamism.

Hanan Ahli: Achieving GCC Aspirations for global Leadership in Competitiveness Indices

Her Excellency Hanan Mansour Ahli, Managing Director of the Federal Competitiveness and Statistics Centre, stated that the UAE’s participation in the forum reflects the depth of partnerships among GCC member states and the UAE leadership’s commitment to advancing collaborative efforts. These endeavours aim to achieve shared ambitions and position the GCC as a leader in global competitiveness indices.

She noted that the FCSC, operating within an organisational framework led by the National Competitiveness Committee, has developed an innovative and modern model. This approach enables the professional management of the competitiveness portfolio, fostering transformative change and realising future aspirations.

It is worth noting that the FCSC monitors more than 22 competitiveness reports issued by international organisations and tracks over 1,350 global competitiveness indicators across critical sectors such as the economy, health, education, and gender balance. The Centre aligns its efforts with global trends that enhance the UAE’s competitiveness, ensuring its appeal regionally and internationally.