Page 24 - AR English 2018

Competitiveness Profile
Advanced steps towards international competitiveness
Dubai Courts realizes its pivotal role in upgrading the UAE’s competitiveness levels at the international stage amidst the sustainable economic and social development witnessed by communities around the world. The Courts’ role is to represent the UAE’s performance (considering the volume of work and the economic in uence of the Emirate of Dubai) on the Enforcement of Contracts indicator, which is one of ten areas of the World Bank’s annual Doing Business report with the aim of identifying the ef ciency of the regulatory environment in promoting businesses around the world, and accordingly its general ranking on the competitiveness index. There are several positive implications for advancement on the mentioned report. The Enforcement of Contracts indicator measures the time and cost needed to resolve commercial con icts, in addition to the Quality of Judicial Procedures indicator to enhance the
quality and ef ciency of the Courts’
system. Dubai Courts reached a leading position among the world’s best ten courts in the 2019 Doing Business report/ Enforcement of Contracts indicator, climbing up from the 12th place in 2018 to 9th place in 2019. Dubai Courts also maintained the rst place in the Middle East for the fourth consecutive year up to date.
In detail: the UAE, represented by Dubai Courts, scored 14 points on the Judicial Quality element compared with 15.5 points out of 18 scored by Singapore, which ranked rst. Judicial, consultancy and attorney fees amounted to 21% of the litigation costs, compared with 25.8% for Singapore which was ranked rst in the Enforcement
of Contracts indicator, as shown in the table
below.
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Chapter 1: Strategies aligned with ambition