![]() ![]() "Dubai and Buenos Aires make their first-ever appearances in the GPCI in 2017 with respective comprehensive rankings of No 23 and No 40, respectively. The emirate is rated 13th in accessibility (transportation) subcategory and 39th in Environment. Jihad Azour, IMF's Middle East and Central Asia Department director, earlier predicted that Dubai's GDP will grow as fast as 4 per cent this year from 2.7 per cent in 2016, growing at faster pace than most of Arab economies, underpinned by local spending, including investment in preparation for Expo 2020 and a pick up in global trade. In the subcategories of research and development and liveability, the emirate has been awarded 31st rating by the Global Power City Index 2017. ![]() Similarly, the emirate has achieved best ranking in cultural interaction subcategory, notching up 9th ranking. The trade, commerce and financial hub of the Middle Eastern region, Dubai has been ranked even much higher in sub-category of economy at No 11, outpacing Paris, San Francisco, Stockholm, Frankfurt, Toronto, Moscow among others. Released by the Mori Memorial Foundation's Institute for Urban Strategies, the emirate has been ranked for the first time in the index at No 23 among the 44 cities, surpassing some of the major Western cities such as Barcelona, Boston, Madrid, Vancouver, Washington DC, Geneva among others. Dubai's status as a regional hub has been reaffirmed with the emirate being ranked among the world's top 25 cities in Global Power City Index (GPCI) 2017 on the back of its strong economy, accessibility and cultural interaction. ![]()
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