A public-private sector programme to boost the country’s competitiveness in economic and social sectors is to be established by the UAE.
The Emirates National Competitiveness Council will include representatives from federal and local departments plus business leaders and will help formulate a strategy to make the country an even more appealing place to do business, said Minister of Cabinet Affairs Mohammed Abdullah Al Gergawi.
The new council will develop and recommend policies to draw in crucial investment and help cut through bureaucratic red tape.
Al Gergawi also highlighted the government’s efforts to improve the business environment and ease regulations for economic activities.
The announcement came during the Doing Business 2008 Advisory Workshop, organised by Hawkama (the Institute for Corporate Governance) and International Finance Corporation, affiliated with the World Bank Group and the issuer of the Doing Business 2008 report.
Al Gergawi highlighted the UAE’s government achievements in creating a proper infrastructure and environment for investments. He said the UAE ranked eighth on AT Kearney’s foreign direct investment confidence index in 2007, which rates the attractiveness of countries for foreign investors.
A strategy for business growth