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Dubai Ranks Among Top 10 in Global Power City Index 2023

  • Publish date: Monday، 27 November 2023
Dubai Ranks Among Top 10 in Global Power City Index 2023

Dubai has achieved a remarkable milestone by securing a position among the top 10 global cities in the 2023 Global Power City Index (GPCI), according to an announcement by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Chairman of The Executive Council of Dubai.

The GPCI, issued by the Mori Memorial Foundation’s Institute for Urban Strategies in Japan, assesses major cities based on their 'magnetism' – the power to attract people, capital, and enterprises.

In the 2023 index, Dubai advanced three places to claim the eighth spot globally, solidifying its standing as a leading global city. This accomplishment reflects the visionary leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, as well as the collective determination of Dubai's citizens and residents.

Sheikh Hamdan emphasized the city's commitment to realizing Sheikh Mohammed's vision of securing top global positions across crucial sectors and establishing Dubai as the world's premier city for work and living.

He urged both the private and public sectors to persist in their efforts to create a sustainable development model, prioritizing the enhancement of people's capabilities and their quality of life.

The Crown Prince underscored the government's dedication to achieving milestones in global competitiveness indicators. He highlighted the city's capability to adapt to evolving landscapes through the implementation of modern legislative frameworks and regulatory rules.

For the second year in a row, Dubai held fourth place in the Cultural Interaction criteria, surpassing cities such as Tokyo, Istanbul, Madrid, Moscow, and Singapore. The top three cities in the overall ranking were still held by London, New York, and Paris. This accomplishment was facilitated by Dubai's dedication to elevating its standing as a significant center for creative and cultural attraction.
 

The GPCI, an annual benchmark since 2008, serves as a global measure of the performance and competitiveness of cities. It aids governments, businesses, and individuals in decision-making related to investment, immigration, and travel. The index comprises six parameters: Economy, Research and Development, Cultural Interaction, Liveability, Environment, and Accessibility.

Dubai excelled in sub-parameters within Cultural Interaction, ranking first globally in the Number of Foreign Residents and second in the Number of Luxury Hotel Rooms. This reflects the city's cultural offerings, creative environment, and diverse tourist attractions. Additionally, Dubai showcased excellence in work flexibility, a low unemployment rate, and city cleanliness, as well as success in hosting global exhibitions and events.

Dubai, recognized globally for its economies, finance, business, tourism, and travel, stands out as one of the most successful cities in attracting talent. With over 200 nationalities living together in a tolerant and welcoming society, Dubai remains a popular and diverse tourist destination on the world stage.