Forbes has named Dubai among the world’s top 10 most influential cities in the world.
Dubai gained the seventh ranking and has outdone other metropolitan areas like Beijing, Los Angeles, Sydney, San Francisco Bay Area and Toronto. London earns the top rank, followed by New York, Paris, Singapore, Tokyo and Hong Kong.
To come up with the ranking, Forbes contributor Joel Kotkin, urban geographer Ali Modarres, former Accenture analyst Aaron Renn and demographer Wendell Cox rated 58 cities based on the amount of foreign investment, ease of travel to other global cities, financial services, media power and racial diversity, among others.
According to Forbes, the Emirate has more global air connections than any other city in the world and attracts more foreign direct investments (FDI) every year, hence its ranking.
The report further highlighted that Dubai’s business-friendly climate and proximity to some of the world’s major markets, made it an ideal headquarters for organisations looking to do business in the Middle East. In addition, Dubai is unparalleled among global cities for its diversity: 86 per cent of its residents are foreign born.