The Emirates Competitiveness Council (ECC) and the Competitiveness Office of the Abu Dhabi Department of Economic Development (COAD) signed a memorandum of understanding (MoU) to share knowledge and develop joint initiatives towards promoting the UAE’s competitiveness.
The Emirates Competitiveness Council is the federal body mandated to drive the UAE’s competitiveness agenda towards ensuring placement of UAE among the leading countries internationally.
The agreement was signed by HE Abdullah Lootah, the Secretary General of the Emirates Competitiveness Council, and HE Mohammed Omar Abdullah, the Undersecretary of the Department of Economic Development in the presence of a number of officials from both sides. The signing too place on the sidelines of the first UAE competitiveness workshop organized by the Department of Economic Development at the Emirates Palace Hotel in Abu Dhabi on Sunday.
The strategic partnership between ECC and COAD demonstrates a strong alignment between federal and emirate level institutions in ensuring that the UAE continues to compete well internationally and improve the quality of life for the nation.
“This partnership is important for helping us deepen our knowledge in key areas for the successful development of competitiveness policies. It will enable us to share lessons through different vehicles including research, joint studies and participating in competitiveness conferences, thus improving the efficacy of competitiveness policies in areas such as education, entrepreneurship and innovation. This will promote productivity and an enhanced quality of life in the UAE and eventually lead to reaching vision 2021 goal of becoming one of the best nations in the world” said His Excellency Abdullah Lootah, Secretary-General, Emirates Competitiveness Council.His Excellency Mohammed Omar Abdulla, Undersecretary of Abu Dhabi Department of Economic Development said: “As an integral part of the Abu Dhabi Department of Economic Development, the Competitiveness Office Abu Dhabi has a strategic role. With the Emirates Competitiveness Council as a partner we are better positioned to develop a competitiveness culture across our institutions, and build the capacity of individuals in an area that is fundamental to our development.”
He added: “We see this knowledge-sharing partnership as an important step towards deepening the roots of a knowledge culture and positioning our business environment on sound competitiveness principles - both of which are vital for sustainable development in Abu Dhabi and the UAE. Our partnership will also enable the UAE to benchmark its overall national competitiveness towards improving performance in international rankings and make valuable contributions to a growing body of competitiveness knowledge,” he added.
The UAE government development plans have also significantly improved the UAE’s rankings in several international reports and indexes across different areas such as competitiveness, economic and international investment, tourism and security. UAE ranked 30th globally and 1st in the Arab World in the UNDP Human Development Index and 5th globally and 1st in Arab World in the World Bank’s Trading Across Borders pillar of the Doing Business Report. 10th globally and 1st in Arab World in the World Bank’s Getting Electricity pillar of the Doing Business Report. This reflects a steady upward movement in the UAE’s competitiveness and quality of life.