Muscat is placed 18th globally and eighth in the Arab world in AIRINC’s latest Global 150 Cities Index for the most financially attractive cities in the world. Every single GCC member state features among the top 20 cities in the index, with Manama, Bahrain ranked the most financially attractive city in the world.
Headquartered in Cambridge, in the US state of Massachusetts, USA, AIRINC is the leading authority on international mobility data since 1954, providing organisations both data services and insight advice to support their workforce globalisation strategies.
Among the GCC states, Manama is followed by Riyadh in fifth place, Kuwait City sixth, Doha 12th, Abu Dhabi 14th and Dubai 16th.
The index ranks 150 of the top global locations on financial and lifestyle attractiveness, factoring in local salary levels, tax rates, living costs and living conditions to assess the appeal of each location to live in.
In the ‘Overall Attractiveness – Global 150 Cities Index’, Muscat is ranked 61st, while Dubai leads among the GCC countries placed at 30th. It is followed by Abu Dhabi at 38, Doha (41), Manama (68), Kuwait City (71) and Riyadh (85).
The overall top five spots include Zurich, Geneva, Luxembourg, Munich and Vienna.
The GCC economies have invested considerable sums in making themselves more attractive to international businesses in line with ambitious region-wide economic diversification efforts.