UAE is in pursuit of taking full advantage of modern technology for betterment of its people, adopting smart operations and laid its foundation of economy on latest and efficient techniques. For this purpose, the government of UAE is advancing rapidly and intelligently while its progress in the field has been accepted by international organizations. It has already been reported that UAE is on top of digital banking in GCC and it is also one of the world’s most digitally connected countries. A recent report further clarifies the situation and put UAE on the forefront of technological advancement in the region and also worldwide.
This latest report was released by Euler Hermes, a France-based credit insurance company. It placed UAE on top in GCC and at 24th spot worldwide in the list of digital friendly countries. According to the same report, UAE is the best country in Gulf region for providing opportunities for thriving of digital companies. The company reveals that superb trade infrastructure and a supportive business environment are important reasons behind this achievement by UAE.
According to details, the overall score of UAE is 61.8 which is higher than many countries including Spain, Italy, Russia, Malaysia and India. The categories where it performed best include infrastructure (88 points), regulations (86 points), knowledge (69.5 points) and connectivity (63.7 points).
The scope and advantages of this increase in digital companies is highlighted through an analysis by American management consulting firm, McKinsey & Company. According to their analysis, more than 160 million digital users are expected in the Middle East by 2025 that would add around Dh348.65 billion in their economy with annual increase of 3.8% in GDP. There is no doubt that UAE has lion’s share in this digital market of GCC.
Experts are also confident about growth of digital marketing in the country and they are predicting better results in future with adoption of this technology on wider scale. They have the view that political stability & security, strategic location, mix demographics, best infrastructure and social & cultural openness are important factors that are responsible for growth of the said sector in UAE.
All these latest and previous reports and analysis are clearly indicating that UAE is moving forward towards a knowledge based economy where an important part is played by latest digital technology. The work is in progress to implement such technology in all government departments and also to assist related businesses.
If you own a company providing digital technology then one of the best places for your company is UAE that opens its doors in both mainland and several free zones for such companies. If you want to get maximum benefit of this opportunity, then contact Riz & Mona Consultancy for further details and assistance in setting up your business. We are available via WhatsApp # 971-56-9971225 and email address [email protected]