A recent Economist Intelligence Unit (EIU) research report has ranked Dubai as the most competitive city in the Middle East, edging out its neighbor and United Arab Emirates capital, Abu Dhabi.

The results are not surprising. Dubai’s leadership has overall been welcoming to entrepreneurs and large companies who are interested in calling the city home. Authorities like Dubai Silicon Oasis and Dubai Internet City have streamlined the bureaucratic process necessary to set up shop in this city of 2 million people.

Instability that has resulted from the Arab Spring is partly responsible for the city’s renaissance after the fiscal crisis of a 2008-2009. But high scores in physical capital (there is ample real estate in Dubai), financial maturity and institutional effectiveness boosted the city’s standing within the survey. Clearly more work needs to be done: Dubai scored poorly on environmental issues and economic strength. The low score on social and cultural character, however, was dubious because Dubai holds its own on diversity and cultural vibrancy--not to mention the near lack of crime.

The fundamentals spell long term success for Dubai, and anecdotes I gleaned from my time in the UAE proved to me that the city is poised to become the economic capital of the Arabian Gulf. Dubai’s emergence on the global scene is similar to cities like New York, London and Hong Kong: people from around the world will flock there not only to experience what the city offers, but they can also find people similar to them when they have that hankering to be home. The beauty of Dubai is that people can come live and work while embracing what aspects of their culture they love while ditching leaving behind any aspects that are negative. Meanwhile talent still flocks to Dubai in droves.

If Dubai can smartly manage its growth and maintain an open door policy to business leaders who want to invest, live and work there, there is no reason why Dubai’s standing as a truly global and competitive city will go no where but up.

Photo courtesy Leon Kaye.

About The Author

Leon Kaye

Leon Kaye is the founder and editor of GreenGoPost.com. Based in California, he specializes in social media consulting and strategic communications. A journalist and writer since 2009, his work has appeared on Triple Pundit , The Guardian's Sustainable Business site and has appeared on Inhabitat and Earth911. His focus is making the business case for sustainability and corporate social responsibility. Areas of interest include the <a Middle East, sustainable development in The Balkans, Brazil and Korea. He was a new media journalism fellow at the International Reporting Project, for which he covered child survival in India during February 2013. Contact him at leon@greengopost.com. You can also reach out via Twitter (Leon Kaye) and Instagram (GreenGoPost). Since 2013, he has spent much of his time in Abu Dhabi, UAE, working with Masdar, the emirate's renewable energy company. He lives in Fresno, California.