With 49 years of continuous resilience, UAE has stood the test of time in ensuring a continuous enabling business environment for local and foreign direct investment across multiple business sectors amidst the global pandemic in 2020.
The country takes pride in her continuous adoption of global best practices in business operations, multiple award winnings for sustainability, health and safety, innovations and digital economy, and futuristic economic trends. Our top five national achievements are highlighted below:
• The Probe Hope Launch to Mars: After establishing the First Space Agency in 2014, UAE launches its first probe to provide a complete picture of the Martian atmosphere.
This mission involved nearly 200 Emirati engineers and researchers, who worked hard for six years to fulfill the UAE’s dream to reach the Red Planet.
• Curtailing the Covid-19 Pandemic: Despite the global scare of the viral epidemic, UAE has been successful in limiting the spread of the virus using preventive and curative measures, such as developing a laser-based DPI (Diffractive Phase Interferometry) technology to detect COVID-19 cases, using the stem cell therapy for patients and inventing a vaccine.
• Successful start-up of unit 1 of Barakah Nuclear Energy Plant: The Emirates Nuclear Energy Corporation announced the start of Unit 1 of the Barakah Nuclear Energy Plant in Abu Dhabi to produce up to 25% of the country’s electricity requirements and preventing the release of 21 million tons of carbon emissions each year.
• Ranked 9th place in the world amongst most competitive countries: The four main factors considered were Economic Performance, Government Efficiency, Business Efficiency, and Infrastructure alongside 20 sub-factors each that cover 338 competitive indicators in various fields.
• UAE tops the Middle East & North Africa as the region’s most valuable national brand as per Brand Finance’s ranking of leading valuable brands for 2020. The Emirates Mars Mission and Expo 2020 significantly contributed to bringing the UAE into the spotlight