Dubai tops MENA region in Global Cities Index - Kearney report
Dubai and Abu Dhabi lead MENA region in two indices featured in Kearney's Global Cities Report
Sunrise over modern skyscrapers of Dubai in the United Arab Emirates rising above the main city highway aerial view.
By Staff Writer, ZAWYA
Dubai and Abu Dhabi have continued to advance in the race to become the global hub for business despite the challenges caused by the coronavirus pandemic, a new report by management consultancy Kearney indicates.
The 2021 Global Cities Report ranked Dubai as the 23rd top city in the Global Cities Index (GCI), climbing four places from the 27th position last year. The city also leads the Middle East and North Africa (MENA) region in the index, while Abu Dhabi secured the fourth spot in the Global Cities Outlook (GCO), rising three places from the seventh position last year.
The report, which covers 156 destinations around the world, features two rankings, the GCI, which looks at the current performance of a city, and the GCO, which gauges the city’s future prospects.
The GCI analyses how globally engaged cities are in terms of business activity, human capital, information exchange, cultural experience and political engagement, while the GCO ranking is a forward-looking evaluation based on 13 indicators and looks at how the cities are creating conditions for their future status as global hubs.
Overall, New York retained its position as the best city in terms of its current competitiveness, ranking first in the GCI list, followed by London, Paris, Tokyo and Los Angeles.
While topping the MENA region, Dubai is also ranked fourth globally in terms of cultural experience. This, the report said, reflects the city’s “relatively early reopening to international travellers” during the pandemic, “bolstered by strict testing requirements, a rapid rollout of vaccines and Bluetooth-enabled contact tracing".
Among the cities reviewed for the index, Doha showed a stellar performance, rising 15 places – the biggest jump globally for any city - following the restoration of diplomatic ties between Qatar and its neighbouring Arab countries.
Overall, 21 cities in the Middle East and North Africa (MENA) region climbed six or more positions in the GCI ranking compared to last year. Cairo ranked fourth in the MENA region, followed by Riyadh.
Istanbul climbed seven spots, with the city’s efforts to become a global hub, while Addis Ababa moved up eight places, helped by Ehtiopia’s development investments that have supported rapid economic growth, the report said.
Global Cities Outlook
In terms of their ability to create the right conditions for achieving a global status in the future, London continued to dominate ranking, taking the first spot in the GCO list, followed by Paris, Munich, Abu Dhabi and Dublin in the top five.
Leading the MENA region, Abu Dhabi has been credited for its continued focus on providing accessible, high-quality healthcare and commitment to reducing its environmental impact, which is core to the study’s personal wellbeing dimension.
Dubai also climbed in the same index to the 15th place, up three places from the 18th position last year.
“In MENA, GCC economies, particularly the UAE and Saudi Arabia, are poised to lead regional recovery supported by accelerated efforts of their governments across the five main dimensions of the report,” said Antoine Nasr, Partner, Government Practice Leader, Kearney Middle East.
(Writing by Cleofe Maceda; editing by Seban Scaria)
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.