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DATA FOR A BETTER FUTURE
The Federal Competitiveness and Statistics Authority signs agreement with Dubai Electricity and Water Authority to support the UN World Data Forum 2018
DUBAI, 28th July, 2018 (WAM)
The Federal Competitiveness and Statistics Authority (FCSA) has signed a memorandum of understanding (MoU) with the Dubai Electricity and Water Authority (DEWA) to build a strategic relationship to support the United Nations 2018 World Data Forum, to be hosted by the United Arab Emirates in October 2018. More than 1,500 leaders, decision makers, experts and specialists in the field of data and statistics from around the world will attend the event.
The MoU was signed by H.E. Abdullah Nasser Lootah, FCSA Director General, and Chairman of the Organising Committee of the UN World Data Forum 2018, and HE Saeed Mohammed Al Tayer, MD & CEO of DEWA, in the presence of senior officials of both organisations.
H.E. Abdullah Nasser Lootah, FCSA Director General, said: "Energy sustainability and efficiency improvement is one of the key sustainable development goals. Underlining its visionary leadership, the UAE has adopted a long-term strategy to promote this goal, and reduce that nation’s dependence on traditional energy sources. Our nation has taken concerted initiatives to diversify energy sources and increase the contribution of clean energy to the overall mix to ensure sustainability for our future generations. The availability of accurate statistical data and information will support the development of future scientific and knowledge plans that will drive the efforts of national institutions in this field."
"The MoU signed with Dubai Electricity and Water Authority (DEWA) will integrate the efforts of national institutions to contribute international expertise and best practices in building national capacities in statistical fields. This will help provide data that serve the objectives of the national development agenda, and highlight the UAE’s leading position as one of the best countries in the world in the use of data and information to achieve sustainable development in all fields and sectors," he added.
"We are pleased to be the strategic partner of the UN World Data Forum, organised by the Federal Competitiveness and Statistics Authority. This underlines the position of the UAE as an ideal platform for hosting the biggest and most important conferences and forums, thanks to its robust infrastructure and capabilities to organise major events. The Forum will be an opportunity to discuss the growing importance of data for governments around the world and the need to develop ways for collecting and processing data to achieve the Sustainable Development Goals 2030. We are sponsoring this international forum because we believe in the important role data and statistics play in building smart cities and promoting the transformation towards a knowledge-based economy by encouraging creativity and innovation. This is achieved by utilising data to develop innovative solutions, smart applications, and value-added services. Through Digital DEWA, the digital arm of DEWA, we are redefining the concept of a utility to create a new digital future for Dubai. DEWA will disrupt the entire business of public utilities by becoming the world’s first digital utility using autonomous systems for renewable energy and its storage, expansion in Artificial Intelligence adoption, and digital services. Dubai will be the first city to provide AI-based electricity and water services. DEWA will launch a futuristic digital platform, a data hub named MORO, to improve the UAE’s digital capabilities to develop smart cities, provide state-of-the-art innovative solutions, and a successful model for Dubai and the world," said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.
Al Tayer appreciated the efforts of the Federal Competitiveness and Statistics Authority in preparing, managing and presenting the UAE’s bid dossier to host the UN World Data Forum 2018. He emphasised the importance of the forum’s topics, which focuses on sustainability. DEWA attaches great importance to supporting the UAE’s efforts in line with the UN’s Sustainable Development Goals 2030. DEWA is committed to adopting sustainability as a main priority for its strategic direction, plans and initiatives, to support the Dubai Clean Energy Strategy 2050, which aims to provide 7% of Dubai’s total power output from clean energy by 2020, 25% by 2030 and 75% by 2050, and the Dubai Plan 2021, which aims to make Dubai a city that is sustainable with its resources and supported by environmental elements that are clean, healthy, sustainable.
The MoU provides for DEWA to share resources and expertise to contribute to the organising this important global gathering, which examines the impact of data and its role in achieving the goals of the Sustainable Development Agenda 2030, in a way that is commensurate with the distinctive position of the UAE and its role in stimulating international cooperation to achieve development goals at global levels. The two entities will review the UAE’s leading global experience in drawing on data to shape future policies and plans in many areas, including the energy sector. They will also highlight the most prominent national projects and achievements achieved by the nation to support the global commitment to promote energy sustainability.
The two organisations will also leverage the discussions and recommendations of the forum and benefit from international expertise to build the competencies of national talent, improve their skills and develop their expertise in statistical fields to deploy them in the development of plans, visions and common policies that serve the achievement of development goals at the local level, including the objectives of the National Agenda for Vision 2021 and the UAE Plan 2071.
The MoU will leverage the activities of the global forum, which is hosted by the UAE to consolidate its position and leading role in building bridges of cooperation and establishing effective partnerships for data exchange and promoting its optimal use to achieve the goals of sustainable development 2030.
The UN World Data Forum 2018 will provide an opportunity to network with organisations, companies, institutions, universities, as well as experts, specialists, and data workers from around the world.
The forum will be attended by leaders of data, and a large number of officials from government and business sectors, who will take part in specialized discussion sessions in establishing a scientific environment to enhance the contribution of data and statistics to achieving the goals of sustainable development 2030.
Smart Dubai, FCSA enhance cooperation for UN World Data Forum 2018
- The two sides signed an MoU to showcase Smart Dubai’s world-class initiatives
- Lootah: The partnership agreement reflects our commitment to work together to support the vision of the UAE
- Al Nasser: Dubai has the most comprehensive and ambitious data initiative worldwide
Dubai, June 27, 2018
The Federal Competitiveness and Statistics Authority has signed a strategic partnership agreement with Smart Dubai, to enhance cooperation for supporting the 2nd United Nations World Data Forum 2018. The forum will be held in the UAE in October, with more than 1500 experts in the field of data and statistics from different countries of the world expected to attend.
The partnership agreement aims at uniting efforts to contribute to the success of the world’s largest data event, and to use it as a platform to review the qualitative accomplishments achieved by UAE institutions and government entities by employing modern technologies to support the development and prosperity of the community.
The agreement was signed at the headquarters of the Federal Authority for Competitiveness and Statistics in Dubai by H.E. Abdullah Nasser Lootah, FCSA Director General, and Chairman of the Organising Committee of the UN World Data Forum 2018, along with HE Younus Al Nasser, Assistant Director General, Smart Dubai, and CEO, Dubai Data Establishment, in the presence of the accompanying delegates from both entities.
"The combination of efforts and effective cooperation among all parties will have a significant impact on the success of hosting the United Nations World Data Forum 2018, consolidating the UAE’s leading position as a global destination for world-class events," said H.E. Abdulla Nasser Lootah. “This agreement with Smart Dubai underlines our commitment to uniting efforts with various government entities to translate our wise leadership’s vision in achieving the goals of sustainable development according to data-driven plans and strategies.”
"The forum will provide a unique opportunity to utilize experiences, review best practices, exchange ideas and discuss the latest technologies related to statistical fields. This provides an ideal platform to review the achievements of Dubai in its quest to be the smartest city in the world, based on the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, by developing holistic solutions that will drive sustainable development and support the well-being of society."
H.E. Younus Al Naser said: “"Our leadership’s vision has elevated our role to a global level, and any initiative we develop has an impact on global trends. This applies to “Dubai Data”, one of the most comprehensive and ambitious initiatives in the world. Our leadership sees data as the oil for the future, which makes Dubai the perfect venue for hosting the 2018 UN World Data Forum. The forum will provide an opportunity to inform the world of what we have achieved in a record time in terms of data as a tool to empower the future, as well as the opportunity to exchange experiences and ideas with the global experts participating in the event. "
"The partnership agreement is part of our keenness to translate the national plans, including the UAE 2071 Centennial Plan, due to the strategic role that the data will play in transforming our country to be the best in the world. We will use our expertise to ensure the event’s success, which is an accomplishment to our country, complementing its pursuit of a knowledge-based economy.” H.E. added. “While the world is still exploring the future potential of data, we will showcase our achievements such as the Dubai Pulse, which is a world-first, being a future tool for building effective – and user-friendly human experience. "
The agreement stipulates the consolidation of visions and strategies, developing practical approaches aimed at building and exchanging experiences and enhancing technical capacities. It aims at achieving mutual goals, visions, policies, plans and strategic programs to develop a smart statistical system that will serve as an example for the world, and provide information and knowledge to meet the needs of both entities while supporting sustainable development plans at all levels.
- Real GDP 2017 generates 0.8% growth and 2.5% growth for non-oil sectors in 2017
- Current GDP for 2017 achieves 7.2%
Dubai, UAE – 12 June 2018
UAE to welcome over 1,500 data experts from around the world in October
Dubai, June 9, 2018
UAE First Regionally and Seventh Globally, According to IMD World Competitiveness Yearbook 20182018
Mohammad Bin Rashid: Our competitiveness journey is an accelerating one, and it only makes us more determined to reach the highest ranks
UAE is number one globally in 23 indicators including “Government Decisions” and “International Talent”
- UAE is the only country in the region to be among the top 10 in the World Competitiveness Yearbook 2018
- UAE maintained its leadership in the region and moved up three ranks from 2017’s position
- UAE moved up 21 positions in 7 years from 2011 till 2018
- Mohammad Bin Rashid: We have the determination, we have the talent, and we have the resources. Being Number One suits our nation
- Mohammad Bin Rashid: UAE’s experience is a regional one that led to a top global rank. An experience of determination and success that is open for all the Arab nations. We will continue in enhancing our business environment, our infrastructure and our resources, because we want a better life for our people and all the residents in the UAE.
Dubai, UAE – 23 May 2018
The United Arab Emirates came in first rank regionally and seventh rank globally in global competitiveness. That is according to the latest edition of the World Competitiveness Yearbook 2018, published by the Swiss based Insatiate of Management Development (IMD) that was unveiled today. According to the report, the UAE out-performed advanced economies such as Sweden, Norway and Canada and has jumped 21 ranks between the years 2011 and 2018.
According to the report, the UAE came first globally in various indicators such as “Government Decisions”, “Public-Private Partnerships”, “Employment” and “International Talent”. The UAE also came second globally in “Business Efficiency” factor, and third globally in “Diversification of Economy”, “City Management” indicators, forth in “Energy infrastructure” and “Development and Application of Technology” indicators.
His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President Prime Minister and Ruler of Dubai stated that the UAE’s experience is a regional one that led to a top global rank. An experience of determination and success that is open for all the Arab nations. We will continue in enhancing our business environment, our infrastructure and our resources, because we want a better life for our people and all the residents in the UAE.
His Highness added that UAE’s competitiveness journey is an accelerating one, and it only makes us more determined to reach the highest ranks, stressing that we will continue in the competitiveness race and we will not settling for anything less than being number one globally. His Highness concluded by saying” We have the determination, we have the talent, and we have the resources. Being Number One suits our nation.
Emirati Leadership
The IMD World Competitiveness Yearbook 2018 is comprised of four key factors, 20 sub factors and 340 indicators that cover all the major areas of a nations competitiveness in social, administrative, business economic topics that also include government efficiency, education and innovation. In the Economic Factor, the UAE moved from fifth globally in 2017, to third globally in 2018. It also retained its fourth global rank in the government efficiency factor.
On an indicator level, UAE held a number of advanced position in various indicators such as International Trade (1st globally), Employment (3rd globally), and International Investment (10th globally). UAE also achieved high ranks in a number of indictors such as first globally in Employment as a percentage of population, 3rd globally in Diversification of Economy, 5th globally and Export Growth and 6th globally in Youth Unemployment (lack of). The UAE also achieved number one in Quality of Air Transportation and Public-Private Partnerships. The UAE also came 2nd globally in Cyber Security, 3rd globally in Management of Cities, Maintenance and Development and 4th globally in Energy Infrastructure and Application and Development of Technology.
Government and Business Environment
In the Government Effeminacy factor, UAE maintained its 4th rank globally as well as achieved the No 1 rank globally in eight indicators, such as “Government Decisions”, “Immigration laws”, 2nd globally in “Adaptability of Government Policy” and “Lack of Bureaucracy”, 3rd in “Ease of Doing Business” and 4th globally in “Labor regulations”.
As for the Business Efficiency, UAE kept its 2nd rank globally and achieved the first rank globally in 7 of its indicators such as “Overall productivity”, “Industrial Disputes (Lack of)”, “Labor force percentage of total population”, “International Experience” and “Attitudes Towards Globalization”. UAE also came 2nd globally in “Entrepreneurship”, “Digital Transformation”, “Changing Market Conditions” and “Agility of Companies”. The UAE achieved 3rd globally in “Opportunities and Threats” and 5th globally in Use of big data and analytics.”
Commenting on this year’s performance, Her Excellency Reem bin Ibrahim Al Hashimy, Minister of State of International Corporation and Chairwoman of the Federal Competitiveness and Statistics Authority, said: “Under the guidance and direction of the UAE wise leadership, which is built on the continued and sustainable investment in human development and national talent, adoption of innovation and the non-stop development and improvement for the UAE economy; UAE has proven the effectiveness of its comprehensive developmental strategy that its government entities is implementing.”
“We wish to congratulate the UAE leadership and people for this great achievement and comment the collaborative efforts of all the local and federal government entities that worked hand in hand, in support of UAE international competitiveness and the progress it made this year,” added Her Excellency.
Malik Radwan Al Madani, Director of Competitiveness Strategy Deferment at the FCSA added that “No single entity alone can enhance competitiveness performance. It is the result of a collaborative effort between all the relevant local and federal government entities, through the commitment in the constant improvement of performance, the launch of impactful programs and initiatives that aim to extend services to businesses and individuals, thus, moving the nation’s competitiveness scale and contributing to the countries journey to become one of the best countries in the world by the year 2021.”
Global Rankings
In an analysis prepared by the Competitiveness Strategy at the FCSA showed that this year’s top 10 position was highlighted by extensive movement between competing economies. Most prominently, was the United States of America taking over Hong Kong as the Number 1 most competitive country. Hong Kong moved to 2nd followed by Singapore which moved up to number 3. The Netherlands captured the 4th place moving ahead of Switzerland that moved back to 5th and Denmark to the 6th place. UAE moved up to 7th place ahead of Norway, 8th, Sweden 9th and Canada 10th.
The IMD World Competitiveness Center, a research group at IMD business school in Switzerland, has published the rankings every year since 1989. This year 63 countries are ranked.
Al Mheiri: Data is key for UAE’s Future Food Security Strategy
Dubai, UAE, 28 February 2018
During her tour of the headquarters of Federal Competitiveness and Statistics Authority (FCSA), H.E. Maryam bint Mohammed Saeed Al Mheiri, Minister of State for Future Food Security underscored the importance of cooperation and identifying areas of collaboration between the two entities. The minister met with FCSA team and was briefed on the authority’s mandate and scope of responsibilities in managing global UAE competitiveness efforts, statistics and data portfolio and the realization of sustainable development goals.
Additionally, FCSA Team presented an overview of statistical indicators related to food security and discussed strategic aspects of statistical work, means of collecting data and making it accessible to stakeholders, particularly joint projects between FCSA and government entities, as well as the private sector.
During the meeting, the minister indicated the importance of collaboration with FCSA on the Minister’s initiatives and future projects, as well as FCSA’s role in supporting such programs through FCSA’s expertise in both statistics and competitiveness.
H.E. Al Mheiri said that she looks forward to further cooperation and future joint projects with the FCSA, specifically taking advantage of the entity’s expertise in the field of researches and knowledge products to support UAE’s Future Food Security portfolio.
H.E. Abdullah Nasser Lootah, FCSA Director General, said: “FCSA is keen to support federal and local government authorities in the field of statistics, data and global competitiveness ranking. FCSA’s expertise and competencies are all set to be at the disposal of H.E. the Minister and her team with the aim to achieve the desired goals and support UAE’s strategy to achieve food security,” he emphasized.
Following the meeting, Al Mheiri was taken on a tour of FCSA office and was briefed on the services and facilities highlighting the distinctive architectural design of FCSA headquarters and its impact on employees, inducing a creative work environment that stimulates productivity and innovation.
- Partnerships that enhance competitiveness and commercial rule of law will underpin investment opportunities in Dubai and UAE
- Business environment and investors power reflect positively on UAE’s rank in competitiveness reports
Dubai, UAE- 26 February 2018
Mark Beer, OBE, Chief Executive of the Dispute Resolution Authority (DRA) at Dubai International Financial Centre (DIFC) and an accompanying delegation of senior executives, consultants and financial analysts, visited the FCSA to discuss mutual areas of cooperation between the two entities.
Both teams discussed various topics related to the investment environment in UAE, attending to investors’ interests and attracting development projects that contribute to the sustainability of UAE economic sectors.
“We are glad to have had the opportunity to understand FCSA’s role in boosting its competitiveness in global reports and indicators”, said Mr. Beer. He also hailed FCSA’s interest in collaborating with stakeholders who can influence UAE’s ranking and performance in competitiveness reports, and all the current effort being exerted to maintain an attractive investment environment in the UAE.
“In addition to contributing to UAE’s future plans to become a knowledge-based economy, it is very important that investors have access to accurate data and statistics that reflect market conditions”, said Mr. Beer.
H.E. Abdullah Nasser Lootah, FCSA Director General, addressed the visiting delegation by underlining that the meeting was fruitful and valuable while stressing the importance of partnerships and cooperation in issues of mutual interest.
He also featured the role of the DRA in protecting investors. He affirmed: “Indeed, the DRA is keen to attend to the interests of the investment environment in the Emirate of Dubai and the implications of such an environment on the financial sector in UAE as a whole, which could reflect positively on the country’s performance in global competitiveness rankings.”
Noteworthy, FCSA is so dedicated to promoting joint cooperation with various authorities and institutions in both public and private sectors. By the end of 2017, FCSA hosted more than 60 official delegations and visits at its headquarters, that is receiving more than one official visit per week from various local and out of the country entities. Indeed, FCSA believes in the importance of participatory work aiming at achieving joint interests and future visions for a knowledge-based society which is supported by accurate and transparent statistics and data based on innovation.
The UAE Government Knowledge Exchange Office organized as part of the activities of the UAE delegation at the High-Level Political Forum on Sustainable Development 2024 in New York. A pivotal session on the central role of the principle of building and expanding bilateral strategic partnerships at the international level in accelerating the achievement of the 17 sustainable development goals adopted by the United Nations for the year 2030 with a global consensus, where the UAE delegation presented the country’s pioneering model in concluding partnerships whose sustainable impact is reflected in developing the work of governments and supporting the growth paths of economies and societies. The session, titled ‘Building and Strengthening Impactful Partnerships to Accelerate the Achievement of the Sustainable Development Goals’, addressed the UAE’s efforts at the level of international cooperation in exchanging experiences and successful models with the seventeenth goal of the Sustainable Development Goals (SDGs), which is "Partnerships to achieve the Goals".
The session showcased the UAE government’s knowledge-sharing partnership approach with more than 37 countries and governments around the world.
The session was organized with the aim of documenting the global impact of the government knowledge exchange program and its role in achieving The objectives of Sustainable Development Goal 17, which is concerned with activating global partnerships for sustainable development, including governments, the private sector and civil society, as this documentation of achievements will contribute to enriching academic institutions with the information and data required to measure and monitor the progress of partnership development and their direct and indirect contribution to the achievement of other sustainable development goals.
The session was attended by His Excellency Abdullah Nasser Lootah, Assistant Minister of Cabinet Affairs for Knowledge Exchange and Competitiveness and Chairman of the National Committee for Sustainable Development Goals, His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development, Her Excellency Dr. Alanoud Al Hajj, Assistant Undersecretary for Green Development and Climate Change, Lt. Col. Dana Humaid Al Marzouqi, Director General of the International Affairs Office at the Ministry of Interior, Hashem Al Attas, Senior Portfolio Manager for the Middle East and North Africa at Masdar, in addition to experts, academics and makers. Decision, and government officials from Rwanda, Mongolia, Serbia, Malaysia, Malta, Uzbekistan and Fiji.
The session was moderated by Afshin Molavi, Senior Fellow, Institute for Foreign Policy at the College of Advanced International Studies at Johns Hopkins University.
The session discussed the value of influential partnerships in promoting progress towards achieving sustainable development goals, through government modernization, supporting positive transformations, and consolidating partnership concepts that support countries, governments and societies in achieving sustainable development goals and transforming future challenges into opportunities. The roundtable session then turned into a workshop on the future of partnerships in accelerating the achievement of the five goals focused on the 2024 edition of the United Nations High-Level Political Forum on Sustainable Development: Goal 1 to eradicate poverty in all its forms everywhere, Goal 2 to end hunger, achieve food security, improve nutrition and promote sustainable agriculture, Goal 13 to support climate action and call for urgent action to combat climate change and its repercussions, and Goal 16 to promote peaceful societies. inclusive of all categories to achieve sustainable development, provide justice for all and build effective and efficient institutions; Goal 17, which focuses on global partnerships to promote the implementation of development goals.
The participants were distributed from Academics, researchers, government officials and experts in groups, each group discussed one of the sustainable development goals under discussion, where they prepared in brainstorming a series of practical recommendations to promote accelerated international partnerships to achieve sustainable development for the future, foremost of which is the call for the exchange of knowledge and expertise, the sharing of best experiences and practices, and inter- and international cooperation at the level of governments, UN organizations, international institutions and development programs to reach the goal of sustainable development and preserve the planet’s resources for future generations.
The first group included H.E. Dr. Alanoud Al Hajj, Assistant Undersecretary for Green Development and Climate Change, H.E. Ambassador Ernest Rwamusio, Permanent Representative of the Republic of Rwanda to the United Nations, H.E. Chinokhai Pat Ardenni, Deputy Permanent Representative of the Permanent Mission of Mongolia to the United Nations, and H.E. Mohamed Raslan, First Secretary for Agricultural Affairs at the Malaysian Embassy in Washington.
The group discussed the achievements of the government knowledge exchange program and its impact on the first two development goals of eradicating poverty in all its forms. The second goal is to end hunger, achieve food security, improve nutrition and promote sustainable agriculture.
Participants in the first group addressed the role of technological innovations in efforts to combat poverty, and the importance of investment and policy development to increase the contribution of education and health care to reducing global poverty levels.
The session also touched on global trade policies and market movement and their impact on food access to all countries and their role in reducing hunger and improving global food security.
The second group addressed Goal 13, which supports climate action and calls for urgent action to combat climate change and its repercussions, and included Lieutenant Colonel Dana Humaid Al Marzouqi, Director General of the International Affairs Office at the Ministry of Interior, Her Excellency Marta Arsowska Tomovska, Advisor to the Speaker of Parliament of the Republic of Serbia and Special Envoy for Expo 2027 in Belgrade, Joseph Caruana, from the Ministry of Environment, Energy and the Grand Port Renovation in Malta, and Hashim Al Attas, Senior Portfolio Manager for the Middle East and North Africa at Masdar.
The second group discussed issues of importance Current globality, such as the role of governments in leading the transition to alternative energy sources, the responsibility of advanced economies in this area and the possibility of playing a greater role in reducing carbon emissions, and ways to support societies to withstand the effects of climate change.
The third group discussed Goal 17, which focuses on global partnerships to enhance the implementation of the SDGs, and was attended by His Excellency Abdullah Nasser Lootah, Assistant Minister of Cabinet Affairs for Competitiveness and Knowledge Exchange and Chairman of the National Committee for Sustainable Development Goals, His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development, His Excellency Shukrat Vavayev, Executive Director of the Uzbekistan Fund for Reconstruction and Development, and His Excellency Viotti Kisonyo, from the Permanent Mission of the Republic of Fiji to the United Nations.
Participants addressed the role of global partnerships in making rapid progress in achieving the Sustainable Development Goals, the role of multilateral financial institutions and the role of concessional loans in supporting sustainable development, and the prospect of partnership between public and private sector institutions in this regard.
The High-Level Political Forum on Sustainable Development is the main platform. Since its establishment in 2012, it has played a pivotal role in following up and reviewing what has been implemented at the country level in the 2030 Agenda for Sustainable Development.
This edition of the International Forum was held under the theme "Promoting the 2030 Agenda for Sustainable Development and Eradicating Poverty in Times of Multiple Crises: Effectively Implementing Sustainable, Resilient and Innovative Solutions".
Positive Growth Rates Surpass Expectations: UAE Economy Demonstrates Resilience with a 7.9% Growth in Gross Domestic Product (GDP).
Abdullah bin Touq:
· The UAE government adopts an innovative economic model that serves its future vision through the adoption of flexible economic policies that align with global changes.
· The numbers confirm the robust economic performance of the country, achieving positive growth rates that exceeded the estimates of analysts and specialized international institutions.
· Estimates of the Gross Domestic Product (GDP) at current prices for the year 2022 exceeded 1.86 trillion dirhams, and at constant prices, 1.62 trillion dirhams.
Dubai, June 25 (WAM) – Minister of Economy Abdullah bin Touq Al Marri affirmed that the preliminary estimates for the Gross Domestic Product (GDP) of the UAE for the year 2022, issued by the Federal Competitiveness and Statistics Center, confirm the resilience of the country’s economic performance. It achieved positive growth rates that exceeded the estimates of analysts and specialized international institutions. The GDP of the country in 2022, at constant prices, reached 1.62 trillion dirhams, achieving a positive growth of 7.9%. At current prices, it reached 1.86 trillion dirhams, with an increase exceeding 337 billion dirhams compared to 2021, achieving a growth of 22.1%. This reflects the wisdom of the economic policies pursued by the government of the UAE and confirms the strength and stability of the UAE economy amid the global economic conditions and geopolitical repercussions.
His Excellency said: " The government of the United Arab Emirates, thanks to the visionary leadership of His Highness Sheikh Mohammed bin Zayed Al Nahyan, the President of the State, may God preserve him, and the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President of the State, the Prime Minister, the Ruler of Dubai, may God protect him, works on building an innovative economic model that serves its future vision. This is achieved by adopting flexible economic policies that rely on speed and accuracy in responding to global changes. The government also embraces stimulating economic strategies, proactive economic plans based on economic diversification, and improvements in economic procedures and legislation. This preserves the country’s status as an attractive investment environment continuously, enhances foreign trade, and openness to the world as a component of international economic relations. The success and integration of these policies meet the requirements of sustainable development, achieve economic prosperity, and ensure a decent life for all citizens and residents of the country. Moreover, they contribute to establishing the leadership and competitiveness of the UAE at both regional and international levels."
H.E Hanan Ahli, Director of the Federal Competitiveness and Statistics Centre, commented, "The results and figures achieved confirm that the country’s economy continues to grow, both at the overall level and in terms of key economic sectors and activities. This contributes to reinforcing the policy of economic diversification by increasing the relative importance of non-oil activities in the national economy. It aligns with the state’s economic policies to reduce reliance on the oil economy, establish a knowledge-based and innovative economy, and enhance non-oil national industries."
Her Excellency added, "The per capita share of the Gross Domestic Product (GDP) in the UAE has grown by an unprecedented rate of 24.7% over the past six years, despite the annual increase in the population. In 2022, the per capita share of the GDP achieved a growth rate of 21.1% compared to 2021, confirming the resilience and success of the UAE economy. It also affirms the success of the economic policies pursued by the government in achieving prosperity and a high quality of life in the society of the UAE."
Enhancing the growth of the country’s Gross Domestic Product (GDP) in 2022.
The activation of innovative economic initiatives related to non-oil sectors and activities positively contributed to enhancing the growth of the country’s Gross Domestic Product (GDP) in 2022. The GDP at constant prices amounted to 1 trillion, 623 billion, and 517 million dirhams. The non-oil GDP at constant prices reached 1 trillion, 174 billion, and 615 million dirhams, achieving positive growth across vital sectors.
According to preliminary estimates of the Gross Domestic Product released by the Federal Competitiveness and Statistics Center, the value added to transport and storage activities had the largest share of growth in the GDP at constant prices, unprecedentedly reaching 20.2% compared to 2021. This was driven by an increase in international flight passengers and the country’s growth in air transport movements, with national airlines achieving the highest growth rate in recent years in this tourism-related sector.
The accommodation and food services sector, reflecting hotel and restaurant activities, also experienced significant growth of 13.2%. Additionally, health and social services activities demonstrated remarkable growth, reaching 13% compared to 2021.
The non-oil sectors played a crucial role in supporting the national economy and enhancing the growth of the country’s Gross Domestic Product (GDP). The manufacturing industries achieved added value in the GDP amounting to 179 billion dirhams, registering a growth rate of 8.7% compared to 2021. The most significant contribution of non-oil sectors to the GDP was represented by the value added in the wholesale and retail trade activity, reaching approximately 206 billion dirhams. This accounted for a contribution rate of 12.7% to the UAE’s overall GDP.
Real estate activities also experienced growth in 2022, amounting to 12% with a value of around 90 billion dirhams in GDP at constant prices. The positive growth in non-oil activities also had a favorable impact on the financial and insurance sector, which achieved a growth rate of 8.4%, contributing 134 billion dirhams to the overall constant GDP in 2022.
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