Dubai has been positioned for the first time among the world's most powerful cities for talent and business.
In the most recent Global Power City Index, which rates about 50 cities as per their "attraction" or power to pull in organisations and human capital from around the globe, Dubai was positioned the most powerful city in the Middle East and 23rd place globally, in front of some famous destinations in the United States, Canada, Europe and Asia.
The annual index was first distributed in 2008 by the Mori Memorial Foundation's Institute for Urban Strategies, a research body built up by urban developer Mori Building.
It positions real cities in the fields of economy, liveability, innovation, social cooperation, environment and accessibility.
To be viewed as one of the best cities to live in, the study took into consideration working environments, cost of living and well-being of residents, and other parameters,
London took the crown as the most powerful city, trailed by New York, Tokyo, Paris and Singapore in the best five. Dubai was positioned in front of Washington DC, Vancouver, Geneva, Madrid, Boston, Barcelona, Kuala Lumpur and Bangkok.
The city earned the most noteworthy score in terms of liveability and considerable votes for economy. Alternatively, Dubai scored lowest in environment, which considers air quality, natural environment and ecology; as well as in research and development.
Research and development: academic resources, research background, research achievement
Environment: Ecology, air quality, natural environment.
The yearly ranking is viewed as a critical benchmark for investors and people hoping to seek opportunities abroad, particularly since individuals today are not simply watchful for destinations with strong economies, yet additionally offer great ways of life.
“Global players today are seeking cities not just with a strong business environment, but those additionally offering improved lifestyles: high quality residences, diverse cultural and retail facilities, a stress-free transportation network and rich natural environment,” said Shingo Tsuji, director of the Mori Memorial Foundation and CEO of Mori Building.
“For global cities to thrive, they need to bolster their overall magnetic power: this will help them attract talent and investment from around the world.”