The UAE ranked first in the Arab world and 21st globally on the "Global Labor Market Resilience Index" for 2020, whose version was issued in Davos, Switzerland, during a special session on the sidelines of the 50th Summit of the World Economic Forum.

The UAE has made 12 places on the index’s overall rating over the past five years, up from 33 in 2015, and it is the only Gulf country to rank among the top 30 countries that perform on the index, followed by a difference of 15 ranked Bahrain, which ranked 36th Globally in the index version for the current year.

The Global Labor Market Resilience Index measures the level of unemployment risks that countries face in the future, based on structural shifts and changes in policies and technology applications, and their impact on the labor market, taking into account geographical disparities. The index report for the current year ranks 145 countries and economies on the flexibility of their labor markets in light of the technological transformation.

The Minister of Economy, Engineer Sultan bin Saeed Al Mansoori, said during the launching session of the index, that the result achieved by the state on the index of global labor market flexibility, represents an important achievement added to the record enjoyed by the national economy of the UAE, as it has made great strides in enhancing its economic potential in The digital age, improving its ability to confront large-scale economic variables in economic models at the international level, including the ability to keep pace with progress in economic complexity, and adopting a knowledge economy model that focuses on the know-how needed to produce goods and services and diversify exports, and increase The diversification of the economic base and reducing dependence on oil and natural resources as main sources of national income. Al-Mansouri pointed out that the Global Labor Market Resilience Index carries great importance, as it provides an important tool for measuring the preparedness of labor markets for the fluctuations that the world is going through or preparing for, whether due to technological transformations or the economic effects of geopolitical changes, trade disputes, economic retreats, and others.

He emphasized that the result achieved by the UAE on the index is an outgrowth of the efforts made by the country to improve its labor market capacity to adapt and respond to new economic trends, as the country focused on stimulating innovation and creativity, supporting research and development activities and upgrading the intellectual property system, improving the business climate and attracting the investment environment And to enhance its position and reputation as a global destination for talents, expertise, and people with distinguished skills, stressing that the UAE government is proceeding with its development policies.