Growth and Recovery

The UAE’s robust current account balance cushioned the economy against the twin global challenges of Covid-19 and the oil price drop in 2020. Lockdowns were implemented to protect public health, and Emiratis migrated online. UAE residents were ranked as the best ICT users globally in an October 2020 study from the Portulans Institute, due in part to a number-one ranking for school internet access, underlining the agility of UAE education stakeholders. Continued innovation within the UAE’s education segment will be fundamental for longer-term economic growth. Education providers play a vital role in preparing the next generation for evolving workplace demands, and will also be a key driver of start-up ecosystem expansion as the country pursues further economic diversification.