The UAE is the most stable country in the Arab World in 2019, improving its rating further this year due to betterment in its public services, economic sustainability and human capital.
The Fragile States Index, released by Fund for Peace, has ranked the UAE at 149 in 2019, improving from its last year’s ranking of 147 (the higher, the better). Among the Gulf states, Saudi Arabia was rated at 93, Bahrain at 113, Kuwait at 130 and Oman at 133. Globally, Finland, Norway, Switzerland and Denmark retained their ranking as world’s least fragile states in 2019 at 178, 177, 176 and 175, respectively.
The countries have been categorised into eight segments – very sustainable, sustainable, very stable, more stable, warning, elevated warning, high warning and alert.
The UAE has been placed in the list of more stable countries, rated higher than Spain, Italy, Greece, Malaysia, Cyprus, India, Russia and China.
Among the sub-indices, the UAE scored highly on public services, economic sustainability, human capital, balanced development and strong security apparatus among others.
Arshad Khan, managing director, Wealth Monitor, said as the most diversified economy in the Arab World, the UAE has made tremendous progress in all sectors, ranging from education to infrastructure.
“The UAE government is continuously adopting forward-looking changes to make the environment even more stable and sustainable for the expat population to thrive in this country. With Expo 2020 Dubai, a year away we will see the current infrastructure with new changes resulting in a bigger population calling the UAE as their home,” Khan added.
“Looking ahead, the Expo 2020 Dubai will provide the opportunity to showcase many of these developments, with the main challenge there being to ensure that the various infrastructure developments being rolled out in preparation for the event continue to feed into economic growth after 2020,” said FitzHerbert.
When it comes to investing in the UAE to enjoy good returns in the region’s safest country, Issam Kassabieh, senior financial analyst, Menacorp, believes that there is a variety of investment vehicles here in the UAE that suit different investor preferences whether it is risk appetite, religious etc.
The UAE has been a popular destination in recent years, due to increasing number of high-end resorts, shopping and over-the-top grandeur found in Dubai.
“With man-made island offering outdoor shopping and art promenades, Dubai is a fascinating place to explore,” says Far & Wide.