Abu Dhabi
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Abu Dhabi gets positive progress on the global ranking for doing business

Abu Dhabi is now ranked 12th worldwide according to the World Bank’s (WB) 2019 “Doing Business” report.

The oil-rich emirate had a significant leap 23 places from its rank last year, the Abu Dhabi Department of Economic Development (ADDED) said in a statement.

The rating shows the emirate’s major improvement compared to the 2016 rankings.

“The highly positive conclusions on the robust progress of Abu Dhabi’s economy are a tribute to the exemplary efforts made by government authorities to make our emirate more business-friendly and investor-friendly by making various processes faster, simpler and smarter,” Saif Mohamed Al Hajeri, chairman of ADDED, commented.

The WB’s evaluation is based on a criterion of six performance indicators are starting a business, issuing building permits, property registration, access to electricity, trading across borders, and enforcing contracts.

It is worth noting that the WB’s report conduct analysis on small and medium-sized businesses across 191 countries, measuring the impact of government regulations on their business performance.

It also investigates the performance of economies in creating a business-friendly environment under the 6 highlighted performance indicators.

SOURCE


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