Global Innovation Index 2024: UAE Ranks First In North Africa And Western Asia Region

The United Arab Emirates has ranked first in the North Africa and Western Asia region in the recently released Global Innovation Index (GII) 2024. As per the World Intellectual Property Organisation’s (WIPO) Global Innovation Index (GII) 2024, the UAE has secured 32nd position worldwide.

The index also noted that among the Middle East economies, only the UAE (32nd), Iran (64th), and Oman (74th) have improved their positions since 2013, reported Emirates News Agency. Among the high-income group, UAE is among six economies from Northern Africa and Western Asia, driven in large part by their natural-resource-driven high GDP per capita.

Switzerland, Sweden, the United States, Singapore, and the United Kingdom are the world’s most innovative economies, according to the GII. The Global Innovation Index 2024 captures the innovation ecosystem performance of 133 economies and tracks the latest global innovation trends through pillars of institutions: human capital and research; infrastructure; market sophistication; business sophistication and knowledge and technology outputs.