UAE Leads Global Rankings: What It Means for Your Business6 min read
- 19.12.2024
- Posted by: Uwe Hohmann
- Category: Dubai
In 2024, the UAE secured top positions in 223 international competitiveness indicators, up from 215 in 2023. This achievement reflects real improvements in infrastructure, governance, and business conditions that directly affect companies operating in the region.
Key Performance Areas
The UAE now ranks second in economic performance and fourth in government efficiency globally. The country scored first in information and communication technologies (ICT) infrastructure with a perfect score, demonstrating its advanced digital capabilities and technological readiness.
In transportation and logistics, the UAE leads globally in road quality and ranks third in air transport efficiency. The country’s ports rank ninth worldwide in service efficiency, ensuring smooth international trade operations.
Investment and Business Growth
Foreign direct investment reached USD 30.7 billion in new projects during 2024, making the UAE the second-fastest growing foreign direct investments (FDI) destination globally. The country also maintained its first-place ranking in the Global Entrepreneurship Monitor for the third consecutive year.
Business Benefits
These rankings translate to practical advantages for companies:
- The strong digital infrastructure supports efficient business operations
- Fast government services reduce paperwork and processing times
- Modern transport networks enable reliable local and international shipping
- Clear regulations and policies make compliance straightforward
- Strategic location provides access to markets across Asia, Africa, and Europe
Future Outlook
The UAE continues to improve its business environment through targeted development of infrastructure, regulations, and services. Companies operating here benefit from ongoing improvements in digital services, transport networks, and business support systems.
For new businesses entering the market or established companies looking to expand, the UAE’s achievements provide a solid foundation for growth. The combination of efficient services, modern infrastructure, and strategic location makes it a practical choice for business operations.
How TME Services Can Support Your Business
Our comprehensive services are designed to support you every step of your business journey in the UAE:
- Company Formation: We guide you through all aspects of setting up your company, whether in a free zone or on the mainland, ensuring you choose the best option for your business.
- Visa and Emirates ID Services: We streamline the process of securing visas and Emirates IDs for you and your employees, allowing you to focus on your business operations.
- Accounting: Our team ensures your business stays compliant with local financial regulations, which is crucial for maintaining good standing in Dubai’s business community.
- Tax: We help manage Dubai’s tax environment, ensuring your business remains compliant while optimizing your tax position.
- Business Consulting: Leveraging our deep understanding of Dubai’s market, we provide valuable insights and help you develop effective strategies to succeed.
Visit our services page to learn more about everything we do.
