Dubai tops Mena in Global Power City Index 2022 : US Pioneer Global VC DIFCHQ Riyadh UAE-Singapore Norway Swiss Our Mind

Emirate emerges as one of the world’s great cities and a prominent global cultural centre, Sheikh Hamdan says

Dubai retained its top position in the Middle East and North Africa region and climbed up three spots globally to 11th overall on the Global Power City Index 2022.

The emirate also stood first regionally and fourth globally in the cultural interaction parameter, improving from its fifth rank overall on the parameter in last year’s index, Dubai Government Media Office said in a statement.

The index, issued by the Mori Memorial Foundation’s Institute for Urban Strategies in Japan, ranked the world’s major cities according to their “magnetism”, or power to attract people, capital and enterprises from around the world.

The rankings are derived from scores on six parameters — economy, research and development, cultural interaction, liveability, environment and accessibility.

Dubai has emerged as one of the world’s great metropolises and a prominent global cultural centre, a dynamic hub for creativity and a destination for talent, said Sheikh Hamdan bin Mohammed, Crown Prince of Dubai.

“The improvement in rankings reveals the richness and strength of Dubai’s vibrant cultural environment and its ethos of inclusive development that has brought well-being to its residents from around 200 nationalities.

“The progress in rankings on cultural interaction shows Dubai’s emergence as a unique bridge between cultures and markets and its ability to promote engagement between people and institutions worldwide. The progress in various international indices encourages Dubai to raise excellence further and enhance its cultural and creative assets.”

Institute for Urban Strategies said 2022 rankings were significantly affected by how cities responded to the Covid-19 pandemic, which upended the world economy.

Dubai’s economy bounced back from the coronavirus-driven slowdown last year, picking up further growth momentum this year.

Expo 2020 Dubai and government measures to minimise the effects of Covid-19 also spurred growth this year.

Dubai’s economy expanded by 4.6 per cent on annual basis in the first nine months of this year to about Dh307.5 billion ($84 billion), driven by the emirate’s efforts to solidify its position as a business, financial and tourism centre, Sheikh Hamdan said this month.

By tracking changes in international flight frequencies of cities since 2019, the GPCI analysed the responses and strategies of cities and countries to the pandemic.

Dubai was one of the first cities to reopen for international visitors since the onset of the pandemic. It also created a safe environment for holding Expo 2020 Dubai from October 2021 to March 2022, the statement said.

“Both achievements contributed to the emirate’s rise to third ranking in the tourist attractions sub-parameter within the cultural interaction,” it added.

“Dubai has developed an integrated strategy to consolidate its position as a city of choice for cultural practices, experiences and consumption,” said Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, chairwoman of Dubai Culture and Arts Authority, and member of the Dubai Council.

“Dubai’s emergence as a major global hub for culture and creativity increases our determination to raise the emirate’s global competitiveness in these spheres … we also seek to enhance the diversity of Dubai’s cultural offering in order to further enrich the experiences the city offers both residents and visitors.”

In the latest index, Dubai also jumped in other sub-parameters, including number of foreign visitors, cities with direct international flights, attractiveness of shopping options and attractiveness of dining options.

https://www.thenationalnews.com/business/economy/2022/12/22/dubai-tops-mena-in-global-power-city-index-2022/