Dubai named number one city in the region for attracting talent, capital and ideas
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The emirate also features among the top 25 cities in the world for the third year in a row.
Dubai maintained its leading position in the Mena region and its global ranking among the top 25 cities in the world that can attract, retain and generate global flows of capital, people and ideas for the third consecutive year.
Kearney’s Global Cities Index published on Thursday ranked the emirate 23rd in its Global Cities Report, down one place from the previous year.
The emirate scored higher than Barcelona, Istanbul, Boston, Frankfurt, Vienna, Miami and other major cities.
Being a commercial capital of the region, Dubai has been the best option for multinationals that are setting up their headquarters in the region, thanks to its world-class infrastructure; investor-friendly regulations; availability of the best talent; protection and security; and easy connectivity with other major cities.
Dubai is also a major recipient of tourist inflows and capital spending, attracting foreign capital and the region’s top talent.
He Kearney Global Cities Report It classifies cities based on five key dimensions: human capital, information exchange, cultural experience, political engagement and business activity.
Abu Dhabi rose 10 places in the world rankings as it strengthened its position as a leading international hub.
Riyadh, Muscat and Doha also saw their overall rankings improve by nine, eight and seven places respectively, driven mainly by strong performance in the Human Capital index. These
Taking advantage of the return of international travel to pre-pandemic levels, these cities were able to attract large volumes of migrant talent and tourism.
“As global trade returns to normalized levels, key Gulf cities have become beacons of prosperity, resilience and opportunity. Their resilient economic performance amid challenging global conditions, combined with a concerted focus on promoting liveability and attracting talent, has managed to attract an increasing number of expatriates, making them a notable success story in the post-pandemic world.”
saying Rudolph Lohmeyer, Kearney Partner, National Transformation Institute.
Globally, New York, London, Paris, Tokyo and Beijing maintained the top positions.
News Source: Khaleej Times
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