Dubai Retains Leading Position in The MENA Region
Dubai successfully maintains its leading position in the region MENA in Kearney’s Global Cities Index. The city even ranked in the 23rd global position and secured a place in the top 25 for the third time in a row. This global recognition of one among the global cities will attract and keep hold and generate the global flows of people, capital, and unique ideas.
Kearney’s Global Cities Index, which was released on Thursday, October 26 ranked the Emirates in its Global Cities Report at the position of 23, which is one rank down compared to the last year.
The city is ranked higher than some leading global cities such as Barcelona, Istanbul, Boston, Frankfurt, Mexico City, Vienna, and Miami. In the ranking of GCI (Global City Index), there are a few more Gulf cities that show a considerable improvement in ranking such as Abu Dhabi, Doha, Riyadh, and Muscat with their successful attribute to strong and secure economic growth.
While securing a 23rd global position, the city topped in the leading position in the MENA region. Abu Dhabi, the capital of the United Arab Emirates ranked up by 10 positions this year in the GCI list, which is a major step towards strengthening its position as a global hub, whereas Riyadh, Doha, and Muscat have improved their rankings by nine, seven, and eight respectively.
Global City Index measures cities based on five different dimensions, Human Capital, Information Exchange, Cultural Experience, Business Activity, and Political Engagement.
As global trade returns to normalized levels, key cities in the Gulf have emerged as beacons of prosperity, resilience, and opportunity.
“Their resilient economic performance amid challenging global conditions, combined with a concerted focus on promoting livability and talent attraction, has succeeded in drawing ever-greater numbers of expats making them a remarkable success story in the post-pandemic world. A strong commitment to delivering on ambitious national visions and the maintenance of a regenerative mindset is paying off,” said Rudolph Lohmeyer, the Kearney Partner, National Transformation Institute.
Brenna Buckstaff, the Kearney Manager, National Transformations Institute, said, “In this shifting global landscape of distributed opportunity, top-tier global cities cannot take their positions for granted. The traditional hierarchy of leading cities will only become more fluid in the future as opportunities for growth and enhanced productivity become less concentrated during the coming waves of AI-driven innovation. Those cities that adopt a regenerative model – one that moves beyond resilience and thinks proactively – will have a competitive advantage.”
Dubai, being the major commercial part of the MENA region, has been the top preference of all the multinationals, who choose the region to set up their head offices, and all the credit goes to the nation’s immersive infrastructures, rules, and regulations those are highly investor-friendly, source of the best talents, safety, security, and amazing connectivity process within the other major cities.
In the global ranking, New York, London, Paris, Tokyo, and Beijing secured the position of the best 5 cities in the Global City Index (GCI) respectively.