The Dubai Competitiveness Center (DCC), is currently conducting a comprehensive survey on Dubai’s Competitiveness 2011-12, covering various sectors whether in the free zones or in main Dubai.
The survey aims to help the government of Dubai to evaluate and assess key policy issues affecting the business community in order to enhance their competitiveness and make Dubai more business friendly.
DEC argues that the concept of competitiveness that becomes widespread all over the world is not confined to quantitative indicators such as production, exports and market share, but also covers many other indicators, among others, sustainability, environment protection, governance and enhanced regulatory framework. All these indicators, the DEC suggests, are considered to be crucial variables for sustainable growth amid a changing business environment.
Moreover, DEC has embraced a unique vision in competitiveness domain. This vision includes the aim of raising standard of living, a balance in labour market and increased rate of emiratization particularly in some targeting sectors. It also implies bridging the gap between the education sector outputs and labour market inputs. These aims requite maintained R&D and training programs for the aim of strengthening the human capital, hence to implement the knowledge-based economy strategy.
DEC argues that the past experiences in competitiveness have unveiled a number of potential opportunities to enjoy a high rank in competitiveness. Those include a visionary strategy of the Government of Dubai about the road map of the local economy towards the future, the rule of law, maintained and modern infrastructure, enhanced investment climate, the high tech in various lifestyle and business, business ethics and labour skills. Additionally, there is a clear trend in modernizing the commercial regulations that cope with the best practices worldwide. However, these opportunities are entwining with some gaps that needs to bridge, such as the low emiratization level in the private sector compared to the public sector, and the high cost of living including labour costs. Seemingly, these gaps have significant implications to Dubai’s competitiveness advantage.
Moreover, DEC argues that business environment in the UAE in general and Dubai in particular still witness rapid changes. Thus, what is required today from DEC perspective is to monitor these changes continuously, and to focus on competitiveness limitations. This can be achieved by analyzing the results of the aforementioned survey and to set recommendations that tend to enhance the competitiveness edge of the Emirate. DEC also stresses the significance of public private partnership (PPP) concept to sustain the economic development process.
The survey comprises of 81 questions within ten main sections under each a set of questions have been listed addressing various critical issues pertaining to Dubai’s competitiveness. Those include the following:
1- Company characteristics
2- Macroeconomic performance
3- Attractiveness of foreign investment
4- Governance and effectiveness of institutions:
6- Financing business operations:
7- Dynamism of products and markets
8- Cost, quality, and productivity
9- Innovative and technology improvement
10- Commercial strategies
DEC seeks to disclose the results of this survey aiming at raising awareness across the decision-making circles and local business community in Dubai about the current characteristics of business environment, including all potential opportunities to enhance the growth versus identifying the handicaps that confronting the companies. The ultimate aim of this project is to strengthen the competitiveness edge of local companies in the global markets.