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UAE ranked as a global leader in innovation
DUBAI, December 16, 2020 Business executives in the UAE rank the nation as a global leader in creating an ‘innovation-conducive environment,’ according to the 2020 GE Global Innovation Barometer. This year, the Global Innovation Barometer surveyed over 3,400 business executives in 22 countries, including the UAE, in two separate studies; one concluding in February 2020 and another pulse in September 2020. The second study was conducted to understand any changes in global sentiment as a result of the Covid-19 pandemic. The UAE’s business leaders rate their country as the innovation champion (25%) ahead of the US (22%), Japan (16%) and China (14%). More than half (56%) believe the Covid-19 pandemic has led to the pace of innovation to increase or stay the same, while only a third (34%) say there has been a positive impact on the ability of their business to innovate.