A new survey has rated Dubai and Doha as the best in Middle East and North Africa (MENA) region for secured business and investment prospects.
Titled the ‘2013 People Risk Index’, the research was conducted by Aon Hewitt, the human resources arm of Aon plc. The survey measured risks that organizations may face in 138 cities with regards to recruitment, employment and relocation. It analyzed such factors as demographics, access to education, talent and development, employment practices and government regulations, to come up with the findings.
While Dubai once again retained its 2012 top regional position, it was trailed by Doha. However, Doha made an improvement of 11 points and was positioned at number 31 in the overall ranking. On the other hand, Dubai secured the 19th position globally. Both Arab cities outperformed other major business hubs like Paris (36th), Manchester (37th) and Frankfurt (37th).
The survey underscores how Doha has emerged as a regional business center in recent years due to increased public spending across the board in several sectors. Doha’s construction sector is experiencing a major boom as the nation accelerates its spending on infrastructure-related projects to prepare well in advance for the FIFA World Cup in 2022. The development has also helped the city earn a business friendly image in the world.
At the same time, the retail sector in Doha is also expected to witness happy times over the next five years as the population is forecast to increase by about half a million people. The rise in population, coupled with higher disposable incomes, will result in a surge in Qatar’s economic activity.
Muscat (50th), Riyadh (53rd) and Manama (57th) were other prominent Arab countries featuring on the list. Sana’a and Damascus were ranked as the lowest of all cities covered by the ranking. In the aftermath of Arab Spring, North African cities such as Cairo, Tunisia and Tripoli have lost their attractiveness to the global business community.