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UAE leading the race to become a truly Digital Economy

July 2016

July 11, 2016 | 16:20 | Dubai

A newly released report highlights that the UAE is leading the Arab world when it comes to generating economic impact from investments in information and comExhibit 1munications technologies (ICT).  The study, entitled the World Economic Forum’s Global Information Technology Report 2016, ranked the UAE 26th globally, just ahead of Qatar (27th) while Kuwait (61st) was one of the world’s biggest improvers, up by 11 places on the previous list.

Commenting on the report, Christophe Meunier, partner at advisory and investment group, Delta Partners, which specialises in the telecoms, media and digital space, said: “In the race to become a truly digital economy, the UAE has just emerged as the front runner in the Arab world.

“By investing in information technologies and demonstrating commitment to digital connectivity, the UAE will fuel and protect the future health of business, and in turn, the economy. Those companies and economies that fail to take the digital transformation turn, will not only lag behind other countries, they will ultimately struggle to remain relevant in the new digital paradigm.

 “As the Arab world continues to rise in the global ranks of networked readiness, there needs to be a clear understanding of the differing market dynamics at play in the ICT area. Deciding on and creating a coherent business model will be vital for local, regional and global operators to thrive in this new environment where ICT is king.”

Full Report available here: World Economic Forum’s Global Information Technology Report 2016

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