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The Emirate bags first position on ‘Quality of Judicial Processes Index’
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Crown prince of Ras Al Khaimah attributes the achievement to president Sheikh Khalifa bin Zayed Al Nahyan’s support
The Emirate of Ras Al Khaimah ranks third globally in the World Bank Group’s report on ‘Doing Business in Ras Al Khaimah and Enforcement of Contracts 2021’, notching up the first position internationally in the report’s ‘Quality of Judicial Processes Index-Time Standards for Civil Cases, Adjournment and Continuances’.
The Enforcing Contracts indicator measures the time and cost for resolving a commercial dispute through a local first-instance court (competent court).
The quality of judicial processes index evaluates whether the country has adopted a series of good practices that promote quality and efficiency in the court system.
Sheikh Mohammed bin Saud bin Saqr Al Qasimi, Crown Prince of Ras Al Khaimah and Chairman of the emirate’s Judicial Council, attributed the achievement to the support provided by the president, Sheikh Khalifa bin Zayed Al Nahyan, media reports said.
Al Nahyan’s directives, he said, have reinforced the country’s pioneering position on the global competitiveness indexes and turned the country into a preferred global business destination thanks to its conducive investment and innovation-driven environment, as recognized by the global organization.
Sheikh Mohammed also highlighted the directives of Sheikh Saud to develop business-friendly legislation that addresses the multifaceted challenges and rapid global changes for an expeditious and fair settlement of legal disputes.
Such an approach, he said, ultimately bolsters investor trust in the country as a preferred global business destination.
He added that the country, as it ushers in the developmental drive for the next 50 years, has to double efforts and continue to retain its prestigious and coveted position on global ease of doing business and competitiveness rankings through ensuring synergy and teamwork spirit.
“This would require qualified Emirati cadres capable of delivering the future and achieving the aspirations of our wise leadership to set a global model to be emulated for sustainable progress and development,” he added.