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Dubai tops GCC as Global City of the Future: A.T. Kearney

Filed on February 13, 2017 | Last updated on February 13, 2017 at 09.46 pm

(Alamy)

Dubai is one the world's top five cities for imports and exports

Dubai ranks first in A. T. Kearney's latest report 'Global Cities of the Future, a GCC Perspective', developed for the World Government Summit 2017. The city is increasingly regarded as a global and regional leader in business activity, human capital, information exchange, and cultural experience.

According to the global management consulting firm's report, Dubai is one the world's top five cities for imports and exports, and serves as the major business trading hub in the GCC region. A major destination for international tourism, the city scores high in human capital, with international schools and many foreign-born residents.

It also noted that recent changes in public sector administration will serve Dubai and the UAE well, with future-oriented and innovative concepts such as the Ministries of Happiness and Tolerance. The newly launched Dubai Industrial Strategy 2030 aims to transform the city into a global platform for knowledge-based, sustainable, innovation-focused businesses. Foreign direct investment (FDI) continues to push the city's business activities to global levels, while entrepreneurship and private investments are beginning to shape a culture of innovation.

Michael Romkey, principal with A.T. Kearney and co-author of the report, said: "Dubai is a fantastic example of how a city plans ahead, building on its robust progress in many areas to position itself as a leading global city. It has a high growth potential among the cities in the GCC region across all dimensions and continues to capitalise on its current capabilities and position."

- reporters@khaleejtimes.com

Staff Reporter


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