DUBAI / MANAMA – The World Bank has ranked the United Arab Emirates and Bahrain as the top destinations in the Arab world for investing in human capital.
The Human Capital Index 2020 measures the potential productivity in the health and education sector at 98 percent of the world’s population – with a focus on the knowledge, skills and health that a child born today is expected to build on their 18th birthday.
In the global rankings, the UAE came in 44th by a global benchmark and first in the Arab World in the index, followed by Bahrain in 46th, Oman in 64th, Saudi Arabia in 84th and Kuwait in the 88th place..
Singapore took first place worldwide, with Japan second and Korea third.
The UAE posted a score of 0.67 compared to a previous ranking of 0.62.
Bahrain scored 0.65 points, an increase of more than 8 percent from the 0.60 ranking based on the same factors in 2010 – four times the global average, Oman increased from 0.55 to 0.61, Saudi Arabia to 0.58 from 0.55.
According to the report, Bahrain performed particularly well in the field of education, ranking first in the Gulf Cooperation Council (GCC) countries for academic achievement and in the top five countries worldwide for girls ‘versus boys’ achievements in education. Education.
According to the report by the Bahrain News Agency, World Bank researchers noted, “More human capital is associated with higher income for people, higher income for countries and stronger cohesion in societies. It is a central driver of sustainable growth and poverty reduction. “
“Bahrain’s position in the Human Capital Index 2020 is a testament to our broad economic reforms and years of investment in education and health, so that children born today are fully empowered to realize their potential,” said Tala Fakhro, lead project responsible for strategic research, market studies and project implementation at Bahrain Economic Development Board (EDB), said.
“Bahrain has a long history of promoting gender equality and was the first Gulf state to allow women into education, so we are extremely proud to be in the top five worldwide for girls’ educational achievement.”
“The Kingdom offers a highly skilled local and global workforce, with a diverse demographic that provides an ideal mix of qualities for companies looking to hire top talent and grow over the long term,” she said.
With a rapidly growing population driving the demand for new medical services and technologies, healthcare is a crucial area of focus for the Bahrain government’s policies.
In line with its Vision 2030, the Kingdom aims to become a leading center for modern medicine, providing high quality and financially sustainable care to patients across the GCC region.