Dubai enters top 10 of Global Power City Index

Dubai ranks highest in Middle East, eighth in world on Global Power City Index

29.11.2023 08:30 Views: 627
Photo from Arabian Business More details

Dubai has entered the top 10 of world cities according to a prestigious power ranking.

As well as being the best in the Middle East and number eight in the world, it achieved top ranking on several key criteria.

Dubai wad ranked among the top 10 cities overall in the Global Power City Index (GPCI) 2023, a prestigious and internationally recognised league table issued by the Mori Memorial Foundation’s Institute for Urban Strategies in Japan.

The new ranking makes Dubai the first city in the Middle East to attain this prestigious global recognition.

In the 2023 index, which ranks major cities on to their “magnetism”, the power to attract people, capital and enterprises, the city climbed three places to eighth overall.

The achievement cements Dubai’s position as a leading global city, driven by the vision of its leadership and the collective determination of its citizens and residents.

In the global rankings, it placed first in these categories:

  • Corporate tax rate
  • Workstyle flexibility
  • Low unemployment rate
  • Satisfaction with city cleanliness

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said that progress in the Global Power City Index 2023 reflects the dedicated efforts to realise the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to attain top global positions across various vital sectors and establish Dubai as the world’s best city to work and live in.

Congratulating Sheikh Mohammed on the emirate’s achievement as the first city in the Middle East to make it into the prestigious list, Sheikh Hamdan said: “There is no limit to our ambitions, and with the unwavering dedication of our nation’s people, we will continue to strengthen Dubai’s position as a model for the cities of the future, achieving milestones that set the global standard.

“Dubai’s excellence and accomplishments stem from the visionary leadership of Sheikh Mohammed bin Rashid Al Maktoum, propelling the city at an accelerated pace towards the pinnacle of leadership and excellence.”

Sheikh Hamdan urged both the private and public sectors in Dubai to persist in their efforts to establish Dubai as a sustainable development model that places the development of people’s capabilities and enhances their quality of life at the forefront of its priorities.

He underscored the government’s ongoing commitment to achieving further milestones in various global competitiveness indicators and consolidating a knowledge and creative economy through the adoption and implementation of modern legislative frameworks and regulatory rules, carefully crafted to address global changes.

These efforts affirm the emirate’s capability to efficiently keep pace with the evolving landscape, he said.

Sheikh Hamdan said: “To cement Dubai’s position as a global economic powerhouse and its role as a catalyst for growth, we must cultivate world-class working environments that empower our national talent and attract the brightest minds from across the globe.

“This commitment to excellence will propel comprehensive development, establishing Dubai as a global benchmark for sustainable economic prosperity and resilience”.

In the 2023 index, Dubai retained its fourth position for the second consecutive year within the Cultural Interaction parameter, surpassing Tokyo, Istanbul, Madrid, Moscow, and Singapore.

Meanwhile, London, New York, and Paris maintained the top three spots.

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