Thu 23-02-2017 20:31 PM

Federal Authority for Competitiveness and Statistics hosts World Bank "Ease of Doing Business" team

DUBAI, 23rd February, 2017 (WAM) -- The Federal Authority for Competitiveness and Statistics hosted its first meeting with the World Bank’s "Ease of Doing Business Index" executive team.

The Federal Authority for Competitiveness and Statistics team includes members from several federal and local government authorities such as the Ministry of Cabinet Affairs and the Future, the Ministry of Justice, the Ministry of Finance, the Federal Customs Authority, Securities and Commodities Authorities, Dubai Municipality, Dubai Courts, Al Etihad Credit Bureau, the Dubai Electricity and Water Authority, the Department of Land and Property in Dubai and the Department of Economic Development in Dubai.

The meeting is a realisation of directives from Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, to form executive teams that represent the UAE’s national agenda.

According to Malek Al Madani, Head of Competitiveness Strategies in the Federal Authority for Competitiveness and Statistics and Head of the Index’s Executive Teams, the meeting aims to discuss international competitiveness reports and monitor the nation’s current rank, to promote the efforts of all parties in achieving better positions in all competitiveness indicators.

During the meeting, the attendees discussed the challenges of developing the country’s business environment and researched integrated plans, including effective medium and long-term initiatives to meet the challenges.

The participants stressed the importance of strengthening foresight and keeping pace with the latest international business development practices, and to realise the country’s long-term plans to adopt the "Business Practices" report and design competitive indicators based on the report, as well as to make the UAE model an international standard that exceeds the standards set by the competitiveness reports for developing the business environment.

Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, ordered the formation of the "Executive Teams for the National Agenda" last October, from 550 officials that represent different authorities, sectors and professional ranks to achieve 52 national indicators that measure the country’s accomplishments in achieving social leadership, happiness and welfare. The six national priorities are included in the indicators are health, education, economy, environment, infrastructure, community, security and law.

WAM/bashir