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The Competitiveness Office of Abu Dhabi (COAD) joins Global Federation of Competitiveness Councils (GFCC)

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The Competitiveness Office of Abu Dhabi (COAD) joins Global Federation of Competitiveness Councils (GFCC)

Thursday, November 29, 2012
Abu Dhabi Department of Economic Development signed a joint declaration today with the Global Federation of Competitiveness Councils GFCC, by which the Competitiveness Office of Abu Dhabi COAD joined hands with the GFCC in order to develop effective policies and strategies to enhance the status of the Emirate of Abu Dhabi in fields of global competitiveness.The Joint declaration was signed by H.E. Mohammed Omar Abdullah the Undersecretary of the Department of Economic Development, and the President of the Global Federation of Competitiveness Councils, Her Excellency Deborah Wince-Smith, in presence of H.E. Abdullah Lootah, the Secretary General of the Emirates Competitiveness Council.The two sides agreed to enhance cooperation to establish a strategic partnership, and preparation of qualified cadres of leaders and experts in order to promote sustainable economic growth and develop policies and effective strategies for global competitiveness, in addition to the development of innovative high-value business activities, and promote scientific and technological cooperation to achieve growth based innovation.Her Excellency Deborah Smith said in a speech after signing the joint declaration that innovation is the engine of productivity growth and prosperity in the future; and that investment in innovation and human capital development contributes to enhancement of regional, national and international competitiveness. Smith expressed her happiness for the Competitiveness Office of Abu Dhabi acquiring the membership of the Global Federation of Competitiveness Councils GFCC, noting that this move reflects the desire of all parties to promote and strengthen relations, including cooperation aimed at achieving the Emirate of Abu Dhabi’s aims to assume the best ranks in the Global Competitiveness Reports of cities.The President of (GFCC) stressed that cooperation through the membership of the Competitiveness Office of Abu Dhabi (COAD) in the Global Federation of Competitiveness Councils, will contribute to laying the foundations for common grounds and innovative activities that can contribute to the development of productivity and economic prosperity in the emirate.She explained that the signing of the joint declaration, aims to strengthen the strategic partnership between the two sides, so as to contribute to the achievement of the active participation of the Competitiveness Office of Abu Dhabi to the global economy, through augmenting risk management and flexibility empower the driving forces necessary for attaining long-term sustainable growth, and further enhance the competitiveness of the emirate.The President of the Global Federation of Competitiveness Councils, Deborah Smith, emphasized the need to build strategic innovative partnerships with public and private sectors, and provide opportunities to acquire knowledge and influence in the arena of global competition.Her Excellency added that to achieve this goal, that through the membership of the Competitiveness Office of Abu Dhabi, in the Global Federation of Competitiveness Councils, interested parties seek to encourage more alliances to set a dialogue on policies and influence in the arena of global competition, by organizing workshops and activities that focus on a range of issues and activities related to competitiveness.For his part, H.E. Abdullah Nasser Lootah, Secretary General of the Emirates Competitiveness Council said that the international Forum of the Global Federation of Competitiveness Councils GFCC which concluded its sessions yesterday in Dubai, was an ideal platform for innovation economies based, spearheaded by the UAE economy, to discuss means of progress and key issues, issues related development and prosperity.Lootah added that it important and vital for nations to adopt the culture of innovation, which was already established in UAE and which acted as an enabling force for UAE to continue to enhance competitiveness and strengthen its position as a prosperous nation.Lootah also stressed the commitment of the Emirates Competitiveness Council, with the Competitiveness Office of Abu Dhabi, the new member of the Global Federation of Competitiveness Councils GFCC, to steadily work towards realizing the UAE Vision 2021, within the framework of the strategic partnership with GFCC and the other competitiveness councils in the State.In turn, His Excellency Mohammed Omar Abdullah, Undersecretary of the Abu Dhabi Department of Economic Development, said that this event coincided with our celebrations of the 41 National Day of the UAE. Mohamed Omar extended congratulations and blessings to the sagacious leadership represented His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Their Highnesses the Rulers of the Emirates; and His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi the Deputy Supreme Commander of the Armed Forces, and the people and residents of the UAE.He also added, Today we witness an important event in the process of achieving sustainable development in the Emirate of Abu Dhabi Abu Dhabi, as the Competitiveness Office of Abu Dhabi which is part of the Department of Economic Development gains the membership of the Federation of Competitiveness Councils GFCC, which will put Abu Dhabi on the threshold of real competition of cities at the regional and international city, H.E. emphasized that by the accession of the Office of the Abu Dhabi competitive to the membership of GFCC, the Emirate of Abu Dhabi has set for itself a strategic goal to achieve a quantum leap in competitiveness, on the regional and international levels in order to achieve the aspirations and orientations of the wise leadership of Abu Dhabi in realizing the economic vision 2030.The Undersecretary of the Department of Economic development, Mohammed Omar Abdulla, referred in this context to the progress made by the emirate of Abu Dhabi in the recent reports of international competitiveness; and most importantly the Doing Business report 2012 issued by the World Bank, which included 183 countries. The report Ranked Abu Dhabi in second place globally in the cost of construction permits, and ranked Abu seventh in the world in the ease of registering property, while the report placed Abu Dhabi as the second in the world in the time it takes to enforce a commercial contract.H.E the Undersecretary of the Department of Economic Development noted that the Government of the Emirate of Abu Dhabi represented by the Department of Economic Development, is currently embarking on the establishment of the “Business Center which will act as a single window system for business licenses and transactions, which would be a quantum leap in enhancing the competitiveness of the emirate in the future.H.E Mohammed Omar Abdulla said that the IMD World Competitiveness Yearbook 2011 (WCY) revealed that the Emirate of Abu Dhabi ranked twenty-sixth of the total 60 countries. Abu Dhabi ranked in sixth place globally in the efficiency of the government, fourteenth in the economic performance, twenty-ninth in business efficiency and forty-second in the infrastructure, as cited by the World Competitiveness Yearbook 2011 .Mohammed Omar said.It is important to equip you with the latest and prominent achievements of the UAE in international competitiveness reports, and the latest UNDP Human Development report which revealed that the UAE acquired the first place in the Arab world and regionally, ranked 30 globally, according to the Human Development Index.At the federal level the United Arab Emirates. With regards to the countries happiness and satisfaction index -2012, the first UN survey results on indicators of happiness and satisfaction among peoples, showed that UAE ranked first among Arab countries and 17th globally for people happiness, a result which is confirmed today the celebrations of the National Day 41 throughout the country, that reflect our love, loyalty and devotion to our wise leadership for and beloved homeland.It should also be noted that the Doing Business Index -2013, of the World Bank. Cited UAE that UAE ranked second in the Arab world and the, region in the ease of doing business and ranked 26 globally among 183 countries covered by the report.The Global Competitiveness Report issued by the World Economic Forum. Placed UAE 24th globally; and cited it as the only Arab on knowledge and innovation-based economy.The results of the Global Trade Enabling Report issued by the World Economic Forum stated that the UAE acquired the first in the Arab World and ranked 19 globally in terms of competitive commercial infrastructure.According to the Foreign Direct Investment Report for 2012 issued by the Financial Times, noted that despite the Middle East and North Africa events and the repercussions over the past year, the UAE managed to maintain its leading position, as a preferred destination for foreign investment in the region; where State topped the list of the ten most attractive investments destinations in the region, with total number of new projects amounting to 328 projects.In the same context, the State maintained its position as the most active country in the region, in the field of foreign investment abroad over the past year, with total number of projects reaching 169; more than double the number of projects registered by the State of South Africa, which finished second.
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