In the latest Global Power City Index, which rates nearly 50 cities according to their “magnetism” or power to attract enterprises and human capital from around the world, Dubai was ranked the most powerful city in the Middle East and 23rd place globally, ahead of some popular destinations in the United States, Canada, Europe and Asia.
The annual index was first published in 2008 by the Mori Memorial Foundation’s Institute for Urban Strategies, a research body established by urban developer Mori Building. To be considered a top city to live in, the cities included in the study were rated on the basis of working environment, cost of living and well-being of residents, among others
Dubai was ranked ahead of Washington DC, Vancouver, Geneva, Madrid, Boston, Barcelona, Kuala Lumpur and Bangkok. The annual ranking is considered an important benchmark for investors and individuals looking to pursue opportunities abroad, especially since people today are not just on the lookout for destinations with strong economies, but also offer great lifestyles.
Source Credit: Gulf News Economy
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