Dubai ranked top in the growth of job opportunities

Dubai’s rising global rankings help to patch the gap up with the world’s most competitive economies, said Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council.

Sheikh Hamdan said that Dubai’s achievements in global economic performances competitiveness have been driven by the fruitful development strategy it has adopted over the last few decades and a genuine public-private sector partnership.

He also stated his appreciation for the varied economic sectors and activities, and all those working in the UAE, citizens and residents, for their efforts in enhancing Dubai’s position among advanced economies and for its high global ranking across many indicators.

Dubai is an icon among the fastest growing economies in the region and the world. Today, Dubai represents a unique experience of ambitious people and a pioneering government. He also stressed that the private sector is our strategic partner in achieving the future we desire.

Dubai ranks first in the Arab world and fourth worldwide in ‘Economic Performance’ Pillar, ahead of Canada, Japan, Singapore and Hong Kong, and all EU countries (excluding Luxembourg), according to the ‘Dubai Competitiveness Report 2018’ issued by the Switzerland-based IMD World Competitiveness Centre in co-operation with the Dubai Competitiveness Office of the Department of Economic Development (DED)

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Dubai ranks first globally in both ‘Gross Domestic Savings’ (% of GDP) and ‘Employment Growth’, and second in ‘Exports of Goods’ (% of GDP), low ‘Unemployment Rate’ and ‘Youth Unemployment.’ Dubai also ranks third globally in ‘Employment (%),’ ‘Exchange Rates,’ ‘Export Concentration by Partner,’ and ‘Exports of Goods Per Capita’ in addition to being fourth in terms of both ‘GDP Per Capita’ (by purchasing power parity – PPP) and ‘Tourism Receipts’ (% of GDP).

Within the Arab world, Dubai leads on several indicators such as ‘Direct Investment Flows Inward,’ ‘Forecast Inflation,’ ‘Government Consumption Expenditure-Real Growth’, ‘Export Concentration by Partner,’ and ‘Tourism Receipts’.