Dubai among top 25 global cities for third consecutive year

Dubai has retained its leading position in the MENA region on Kearney's Global Cities Index, ranking 23rd globally and claiming a spot in the top 25 for the third consecutive year.

According to the report, prominent emerging hubs around the world, particularly in the Middle East, have seen incredible gains in their global city performance amid a changing profile of globalisation—and a new distributed geography of opportunity is emerging. Abu Dhabi, for instance, climbed ten spots on the global rankings as it strengthened its position as a leading international hub.

The Global Cities Index (GCI) seeks to quantify the extent to which a city can attract, retain, and generate global flows of capital, people, and ideas. Cities are measured against five key dimensions: Human Capital, Information Exchange, Cultural Experience, Political Engagement, and Business Activity.

Average GCI scores have remained steady following several years of decline, with cities in the Middle East and Africa improving markedly. In particular, the capitals of the Gulf nations made major improvements in their overall scores, with Riyadh, Muscat, and Doha improving their overall rankings by nine, eight, and seven, respectively.

This growth was primarily driven by strong performance in the Human Capital dimension, as they capitalised on the return to pre-pandemic levels of freedom of international travel to attract large volumes of migrant talent and tourism.

Rudolph Lohmeyer, Kearney Partner, National Transformation Institute, commented,

"As global trade returns to normalised levels, key cities in the Gulf have emerged as beacons of prosperity, resilience, and opportunity. Their resilient economic performance amid challenging global conditions, combined with a concerted focus on promoting liveability and talent attraction, has drawn ever-greater numbers of expats, making them a remarkable success story in the post-pandemic world. A strong commitment to delivering on ambitious national visions and maintaining a regenerative mindset is paying off."

While the GCI captures the current state of global city leadership, the Global Cities Outlook (GCO) aims to identify those cities most likely to achieve global prominence in the future. Here, the emergence of a distributed geography of opportunity was also present.

The report added that the European cities maintained a strong presence in the top 30 rankings, while Asia's global hubs, including Seoul, Osaka, and Chennai, made significant strides. In the US, second-tier metropolitan areas performed particularly well, having successfully attracted talent and capital over the turbulent past few years, positioning themselves as increasingly formidable rivals to more established global cities.

As the rapid advancement of artificial intelligence (AI) and related technologies continues, the intersection of this trend with the already-underway shift toward remote work is expected to further reduce the significance of physical proximity in domains traditionally linked to major cities, potentially causing even greater disruption to global cities.

Brenna Buckstaff, Kearney Manager, National Transformations Institute, said,

"In this shifting global landscape of distributed opportunity, top-tier global cities cannot take their positions for granted. The traditional hierarchy of leading cities will only become more fluid in the future as opportunities for growth and enhanced productivity become less concentrated during the coming waves of AI-driven innovation. Those cities that adopt a regenerative model – one that moves beyond resilience and thinks proactively – will have a competitive advantage."

News Source: Emirates News Agency