The UAE ranked first among Arab countries and fifth globally for the quality of its roads, according to the Travel and Tourism Development Index 2024 issued by the World Economic Forum.
The report also stated that the country topped the list of Arab countries and was ninth globally in the efficiency of its port services, and 10th globally and second among Arab countries in the efficiency of its public transport.
Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, stressed that the results are a testament to the viability of the UAE’s long-term strategic plans, which present ample opportunities for growth.
He said the UAE is "committed to developing vibrant sectors and positioning the UAE as a leading destination for business and leisure. Ranking high on global indicators directly contributes to enhancing the confidence of international investors on the lookout for a reliable business environment.”
Hanan Mansour Ahli, Director of the Federal Competitiveness and Statistics Centre, stated, “The UAE has become a benchmark for quality of roads, public transport services, and port services. This will help attract foreign investments and enhance the GDP.”
The UAE is looking to strengthen trade and investment ties with Canada following a visit to Toronto by Minister of Foreign Trade Dr Thani bin Ahmed Al Zeyoudi.
DEWA International has held talks with several leading French energy companies as it looks to expand its global presence following its launch last month.
Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, and Maninder Sidhu, Canadian Minister of International Trade, have announced the conclusion of Comprehensive Economic Partnership Agreement (CEPA) negotiations between the two countries.
The United States is introducing new tariffs on imports from 60 trading partners, including the European Union, China, Japan and South Korea, in a move that could reshape global trade flows and supply chains.
A long-awaited US-India trade agreement could be signed within the next three to four months, a senior US official said on Wednesday, indicating negotiations between the two sides have been virtually completed.