UAE tops MENA in innovation index
The Global Innovation Index 2014 launch conference, which was hosted by du also revealed that out of 143 countries, Switzerland remains at the top position globally for innovation, and the UAE is in 36th place. The event was attended by Mohammed bin Abdullah Al Gargawi, Minister for Cabinet Affairs.
Commenting on the new ranking, Al Gargawi said, " Arab world in general and the U.A.E. in particular historically constitute a hub for innovation," noting that the U.A.E. has been founded on the principles of innovation, creativity and knowledge".
GII 2014 surveys 143 economies around the world, using 81 indicators to gauge both their innovation capabilities and measurable results. Published annually since 2007, the GII is now a leading benchmarking tool for business executives, policymakers and others seek insight into the state of innovation around the world.
Switzerland, the UK and Sweden topped this year’s index, while Sub-Saharan Africa posted significant regional improvement in the annual rankings.
The UAE was ranked 36th globally this year compared to 38 last year. ■