Dubai, UAE, Monday, 17 December
2019 – The World Bank Group, in partnership with the United Arab Emirates
Federal Competitiveness and Statistics Authority (FCSA) concluded the third
annual Doing Business Technical Deep Dive, held from December 10 to December
13, 2019 in Dubai. The Deep Dive is a knowledge sharing platform bringing
together World Bank Group experts and leaders from the world’s top reforming
economies to discuss good practices around business environment reforms.
The theme for this year’s edition was “Global aspiration towards business
growth and economic prosperity”. The event hosted more than 400 participants
from over 30 countries in Africa, Asia, Europe and the Middle-East.
The Technical Deep Dive allows participants
to discuss the methodology and indicators of the Doing Business report,
share best practice on identifying bottlenecks to private sector development
and implementing relevant reforms. The annual event is a strong capacity
building and networking platform for business environment reform leaders.
This year’s event focused on areas including starting a business, protecting
minority investors, dealing with construction permits and enforcing contracts.
It also trained participants on how to efficiently communicate about reforms.
Sérgio Pimenta, the International Finance
Corporation’s (IFC) Vice-president for the Middle-East and Africa, said:
“The Technical Deep Dive is a unique tool for reform-minded experts to
get better at reforming their countries’ business environments so they
can attract and retain more private investment. This is critical, especially
in the Middle-East and Africa, at a time when private sector plays an essential
role in sustaining inclusive growth and development”.
The Doing Business 2020 report, which
was launched in October 2019, shows that reform expertise is growing in
the Middle East and Africa. Economies in the two regions implemented a
record 57 business-friendly reforms and hosted four of the 10 countries
that improved the most world-wide in the ease of doing business - Saudi
Arabia, Jordan, Bahrain, and Kuwait. Sub-Saharan African countries implemented
a total of 73 reforms, with Nigeria and Togo making the list of the global
top reforming countries while Mauritius ranked as 13th easiest
place to do business in the world.
Caroline Freund, the World Bank’s Global
Director of Trade, Investment and Competitiveness, said “Despite steady
progress on Doing Business indicators over the past 10 years, a lot remains
to be done for countries in the Middle East and Africa to narrow the gap
with top reforming economies in the world. Initiatives such as the Technical
Deep Dive are needed to accelerate and deepen the reform agendas in those
This year, the World Bank Group has
partnered with the Federal Competitiveness and Statistics Authority from
the United Arab Emirates to deliver the Technical Deep Dive. Ranked at
16th, UAE is the Middle-East’s top performing economy on the
Doing Business index, notably in areas such as getting electricity, dealing
with construction permits and enforcing contracts, where it respectively
ranks first, third and ninth in the world.
The Doing Business project provides
objective measures of business regulations and their enforcement across
190 economies and selected cities at the subnational and regional level.
Launched in 2002, it looks at domestic small and medium-size companies
and measures the regulations applying to them through their life cycle.
About the World Bank Group
The World Bank Group is one of the world’s
largest sources of funding and knowledge for developing countries. It comprises
five closely associated institutions: the International Bank for Reconstruction
and Development (IBRD) and the International Development Association (IDA),
which together form the World Bank; the International Finance Corporation
(IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International
Centre for Settlement of Investment Disputes (ICSID). Each institution
plays a distinct role in the mission to fight poverty and improve living
standards for people in the developing world. For more information, please