DCO an­nounces dig­i­tal plat­form to show­case Emi­rate’s com­pet­i­tive­ness glob­ally

The Gulf Today - Business - - UAE -

DUBAI: The Dubai Com­pet­i­tive­ness Of­fice (DCO) in the De­part­ment of Eco­nomic De­vel­op­ment (DED) Dubai, has an­nounced plans to launch ‘The Fu­ture of Com­pet­i­tive­ness Plat­form,’ the first in­ter­ac­tive dig­i­tal plat­form of its kind, which will track com­pet­i­tive­ness data and in­di­ca­tors world­wide and bench­mark Dubai’s com­pet­i­tive­ness to sup­port de­ci­sion-mak­ing in the lo­cal pub­lic and pri­vate sec­tors.

Set to be launched in the sec­ond half of 2019, the dig­i­tal plat­form will con­sol­i­date all com­pet­i­tive­ness data into a sin­gle repos­i­tory where the most rel­e­vant re­ports and in­di­ca­tors will be eas­ily ac­ces­si­ble to the gov­ern­ment and pri­vate sec­tor. The plat­form will be an in­te­gral com­po­nent of the DCO strat­egy to build a unique and con­sis­tent en­vi­ron­ment for track­ing and man­ag­ing the com­pet­i­tive­ness fac­tors across Dubai, thus supporting the lead­er­ship in iden­ti­fy­ing poli­cies and pro­grammes that would firmly po­si­tion Dubai on the global com­pet­i­tive­ness map.

“The launch of the dig­i­tal plat­form is part of our strat­egy to pro­mote busi­ness com­pet­i­tive­ness and sus­tain­able eco­nomic growth in Dubai,” said Hani Al Hamli, Sec­re­tary-gen­eral, Dubai Com­pet­i­tive­ness Of­fice.

“Track­ing in­ter­na­tional com­pet­i­tive­ness data and in­di­ca­tors will en­able Dubai to use such knowl­edge in draw­ing up fu­ture plans and de­vel­op­ing growth strate­gies in the short and medium term as well as in build­ing part­ner­ships with stake­hold­ers. De­ci­sions will thus be­come prompt and pre­cise, even­tu­ally lead­ing to greater sat­is­fac­tion for the ser­vices avail­able and over­all cus­tomer hap­pi­ness,” he added.

The plat­form will rely on six key in­ter­na­tional in­dices on the econ­omy and com­pet­i­tive­ness of Dubai in com­par­i­son to the rest of the world. The six in­di­ca­tors are re­lated to Dubai’s com­pet­i­tive­ness as per the frame­work and method­ol­ogy of the World Com­pet­i­tive­ness Cen­tre; Cities’ Global Com­pet­i­tive­ness; Global Tal­ent Re­port; Global In­no­va­tion In­dex for Cities, and Ease of Do­ing Busi­ness, in ad­di­tion to other global in­dices re­lated to the vi­sion and strate­gies of Dubai and the UAE.

The de­vel­op­ment of the plat­form will in­clude four main phases and var­ied pro­ce­dures, in­clud­ing defin­ing the uses and func­tion­al­i­ties; de­sign and data re­search; de­vel­op­ing con­cept and show­case for the Na­tional Agenda; fur­ther con­cept and de­sign it­er­a­tions, and full de­sign and de­vel­op­ment of the plat­form.

“The Fu­ture of Com­pet­i­tive­ness Plat­form will be a dy­namic sys­tem where data will be pe­ri­od­i­cally and con­tin­u­ously up­dated to dis­play re­li­able in­for­ma­tion in a so­phis­ti­cated yet sim­pli­fied for­mat. It will in­clude a se­ries of tools to track the com­pet­i­tive­ness in­di­ca­tors and use avail­able data for bench­mark­ing and re­search,” Al Hamli added.

The Dubai Com­pet­i­tive­ness Of­fice seeks to demon­strate Dubai’s eco­nomic and so­cial ca­pa­bil­i­ties through stud­ies, strate­gies, sys­tems and poli­cies that keep abreast of global best prac­tices and con­trib­ute to cre­at­ing an in­ter­na­tion­ally com­pet­i­tive in­vest­ment en­vi­ron­ment that pro­motes eco­nomic ac­tiv­ity, pros­per­ity and sus­tain­able de­vel­op­ment in Dubai.

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