Dubai among world’s most powerful cities for talent, business

City scores high as a place to live but needs to improve ratings for environment, research and development

Dubai among world's most powerful cities for talent, business

Dubai: Dubai has been ranked for the first time among the world’s most powerful cities for attracting expatriates and businesses.

In the latest Global Power City Index, which rates nearly 50 cities according to their “magnetism” or power to attract enterprises and human capital from around the world, Dubai was ranked the most powerful city in the Middle East and 23rd place globally, ahead of some popular destinations in the United States, Canada, Europe and Asia.

The annual index was first published in 2008 by the Mori Memorial Foundation’s Institute for Urban Strategies, a research body established by urban developer Mori Building.

It ranks major metropolises in the fields of economy, livability, research and development, cultural interaction, environment and accessibility.

To be considered a top city to live in, the cities included in the study were rated on the basis of working environment, cost of living and well-being of residents, among others.

London took the crown as the most powerful city, followed by New York, Tokyo, Paris and Singapore in the top five. Dubai was ranked ahead of Washington DC, Vancouver, Geneva, Madrid, Boston, Barcelona, Kuala Lumpur and Bangkok. More info

By Cleofe Maceda, Senior Web Reporter