Dubai ranks 16th for innovative cities
DUBAI: Dubai is ranked among the top twenty most innovative cities, according to the Dubai Innovation Index Report, recently released by the Dubai Chamber of Commerce & Industry. In the report, London has emerged as the most innovative city, followed by Hong Kong and Singapore respectively. Dubai ranks 16th across 28 global cities, ahead of cities such as Madrid, Milan, Sao Paulo, Mumbai, Shanghai and Beijing. The report highlights the results of the Dubai Innovation Index (DII) which was launched by the Dubai Chamber in collaboration with PwC in 2015, to support UAE's vision for innovation and to promote Dubai's quest towards being the smartest city in the world by 2021.
The Index has been designed to compare Dubai with 28 global cities on macroeconomic measures of innovation and to analyse innovation performance of Dubai's private sector, including at the firm level. Through the Index, the Chamber wants to create awareness and increase the participation of the private sector in the total innovation efforts of the city of Dubai, and provide a benchmark to measure innovation. Hamad Buamim, president and CEO at the Dubai Chamber remarked that the chamber is cognizant of the importance of innovation, now more than ever, for an economy to grow and sustain in this dynamic global scenario. "That is why we decided to launch the Index and have been very open and transparent about the parameters we have used to set a benchmark for measuring innovation.