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Dubai continues to lead the MENA region in terms of global engagementwhile a study by management consultancy Kearney found that Abu Dhabi was among the top 10 countries in the world in terms of outlook.
Dubai climbed one spot to 22nd out of 156 cities in this year’s Global Cities Index. This is also the UAE’s highest ranking to date.
Tel Aviv ranked second 52nd regionally and globally, while Doha ranked 57th regionally and globally. Other regional cities in the index include Cairo (4th regionally, 61st globally) and Riyadh (5th regionally, 70th globally).
Abu Dhabi, capital of the United Arab Emirates According to Kearney, it has also moved up one position in the global rankings to 76th.
The index measures the global engagement of 156 cities across five categories – business activity, human capital, information exchange, Cultural experience and political participation.
It provides information on how high global inflationChina’s economic slowdown, the ongoing economic and political impact of the Russian-Ukrainian war, and climate change have all impacted cities’ global engagement.
“Cities around the world have seen their scores on the index fall over the past six years — a sign that deglobalization was taking place before the pandemic,” said Abdul Kearney, a partner at Kearney’s Middle East public sector. Abdo Al Habr said.
“This year, although global business activity and human capital indicators have weakened, the Middle East and North Africa region has shown promise. In the Middle East, governments have been aggressively setting socio-economic development goals for many years, and it is this prudent, systematic approach to Strategy shapes their positive future.”
Compared to last year, Dubai has made progress in business activity, human capital and political engagement. Abu Dhabi also saw an increase in business activity and political participation, the report said.
The index’s top four cities — New York, London, Paris and Tokyo — remain unchanged from 2021. Beijing moves up one place from 2021 to enter the top five, swapping places with Los Angeles, the sixth-ranked city this year.
Average index scores fell across all regions, not just the world’s most connected cities.
“Many cities in low-income regions experienced larger declines in scores than cities in North America or Europe. This may be due to the delayed impact of Covid-19 and an initial rapid recovery in many wealthier cities,” the report said.
The ratings of many African cities fell only slightly, likely due to their relatively low linkages to global markets.
The Middle East as a region surpassed China in the cultural experience dimension of the index. Through the pandemic, the region has hosted some iconic global events, increasing local and international tourism.
The UAE hosted Expo 2020, which attracted 24 million visitors, and Qatar will host the FIFA World Cup next month, Kearney said. Tourism in Saudi Arabia has also expanded rapidly since the launch of the National Cultural Strategy in 2019.
Dubai tops the region for cultural experiences, while Riyadh climbed 46 points, the world’s highest increase in this category.
This year, the Middle East and North Africa region has shown promise despite a softening in global business activity and human capital indicators
Abdo Al Habr, Kearney Middle East Public Sector Partner
According to Kearney, Doha climbed 17 points in the cultural experience category and topped the MENA region for sporting events.
Meanwhile, Abu Dhabi was ranked ninth globally in Kearney’s Global Cities Outlook, which assesses how 156 cities are setting the stage for their future status as global hubs.
This is measured in four dimensions – personal well-being, economics, innovation and governance.
Kearney said Dubai’s outlook rose five places to 11th, while Doha’s outlook rose 23 points, the highest jump in the category in the region, thanks to strong governance.
London continues to top the list, with Paris, Luxembourg, Munich and Stockholm rounding out the top five.
“In the year ahead, city leaders will have to prioritize their efforts and investments more ruthlessly than in the past as they deal with potentially extreme Challenging economic storm.”
“Leaders need to drive policy innovation to protect the most economically vulnerable residents and attract the highest priority employers, while ensuring fiscal sustainability.”
The report proposes ways for leaders to address the challenges cities face, such as inflation, slowing economic growth, rising debt and rising inequality.
These solutions include increasing revenue and equity through targeted non-tax revenues, using carbon as an alternative revenue source to fund green infrastructure, and protecting the most economically vulnerable through targeted guaranteed income programs.
Updated: 10/24/2022 2:30am
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