United Arab Emirates ranks 5th in global competitiveness

The United Arab Emirates has achieved 5th place globally in the IMD World Competitiveness Ranking 2025, reflecting strong economic resilience and growth. This competitive landscape has established the country as a primary destination for international investors and professionals.

To support this growth, the UAE offers various residency options for entrepreneurs and residents, including employment, investor, family, student, and retirement visas. For instance, investor visas are specifically designed for foreign entrepreneurs establishing new ventures or investing in regional companies.

Reflecting on the region's business environment, entrepreneurs like the founder of Generaltec note that the UAE rewards ambition and hard work. Since arriving in 1993, business leaders have leveraged the country's growth as a regional trade hub to build specialized companies, such as Generaltec, which focuses on the HVAC and home appliances market through an 'affordable luxury' model.