Riyadh was also ranked sixth out of Arab cities in terms of competitiveness. Only Dubai, Abu Dhabi, Doha, Kuwait, and Muscat were more competitive. Riyadh was followed by Cairo, Alexandria and Beirut. According to the EIU report, the competitiveness of the cities is based on their ability to attract capital, business and tourists.
The European cities are considered the most competitive in the world. London is the most competitive in Europe and the second overall in the world.The 120 world cities in the list, which have roughly 750 million people in total, account for approximately 29 percent of the world’s economy with their Gross Domestic Product (GDP) totaling 20.24 trillion dollars in 2011, the report said. – Arabnews