The UAE has been rated the world’s second most stable country economically on the back of entrepreneurship opportunities, easy access to capital, availability of skilled labour force, agility to adapt, competitiveness and strong trade among, others, a new study said.
According to the US News & World Reports, the UAE also boasts per capita gross domestic product on par with those of top Western European nations as well as the most competitive economy in the Arab world.
The UAE has a total GDP of $508 billion (Dh1.86 trillion) and a per capita income of $87,729. The second largest economy in the Gulf Cooperation Council (GCC) region has a target to reach Dh3 trillion by 2030 through new economic diversification strategies, in addition to supporting new economic sectors, including embracing the Fourth Industrial Revolution and employing advanced technologies to increase research capacities, ensure future industries and encourage foreign direct investments.
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