Dubai: A new global benchmark has been set by the city of skyscrapers as it secures the first and eighth ranks in regional and global power city rankings of 2024. This is the second year in a row that Dubai has secured this ranking. The Global Power City Index of the previous year was released by Japan’s Mori Memorial Foundation Institute for Urban Strategies. The glittering emirate of the UAE became the first Middle Eastern city to achieve rankings among the top 10 global power cities in the GPCI Index.
Solidified Dubai’s Position as a Global Business and Innovative Hub
The GPCI is an annual study released by Japan’s Mori Foundation that highlights a city’s leadership in economic growth, innovation, and global connectivity. Becoming the only Middle Eastern city to secure a rank among the top 10 global power cities in the GPCI has contributed to solidifying Dubai’s position as a leading global hub for business, innovation, and talented professionals.
The current Crown Prince of the city of skyscrapers, H.H. Sheikh Hamdan bin Rashid Al Maktoum, who is also serving the designations of Deputy Prime Minister and Minister of Defence of the nation, and Dubai’s Executive Council’s Chairman credited His Highness Sheikh Mohammad bin Rashid Al Maktoum’s visionary leadership for this outstanding achievement.
Key Drivers Behind Dubai’s Success
Through a Twitter post, the crown prince of Dubai emphasizes the significance of the emirate’s newest achievement and how it has solidified its status and recognition globally. Sheikh Hamdan credited the city’s success to the UAE’s visionary leader. He further said that the city has offered the best business environment for businesses globally and has allowed innovative entrepreneurs, business owners, and professionals to achieve their aspirations while enjoying the luxurious and contemporary lifestyle at its best. He highlighted the city’s modern infrastructure, progressive laws, and strong public-private partnerships as the key drivers that contributed to this stellar achievement.
Dubai’s Global Status as a City of the Future
Sheikh Hamdan stated this remarkable achievement and highlighted their commitment to sustainable growth. He added that by consistently embracing innovation and creating exceptional opportunities for diverse industries, they have continuously maintained their commitment to achieving stellar excellence.
Dubai’s global ranking among the top 10 fastest-growing power cities has given another testament to the UAE’s Vision 2030, which focuses on improving quality of life, creating more economic opportunities, and embracing urban innovation, connectivity, and resilience.
The GPCI annual rankings are evaluated based on six major factors, including economy, cultural interaction, research and development, environment, livability, and accessibility to produce a multidimensional ranking. This study highlights the city’s comprehensive power to attract people, businesses, and capital from all over the globe.
Dubai’s newest global achievement has again given an example of the city’s commitment to combining sustainability, innovation, and nurturing talents and has redefined what is possible, as stated by Sheikh Hamdan, Crown Prince of Dubai.
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