INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Riyadh ranks third smartest G20 capital, outperforms Paris and Hong Kong

Riyadh jumped 23 ranks from last year on the IMD Index. AFP.
  • Riyadh made qualitative progress on the IMD Smart Cities Index for 2021, as it jumped 23 ranks from last year.
  • The Holy city of Madinah has been also included on the index as the second Saudi city after Riyadh, ranking 73rd in the world and fourth in the Arab world.

Saudi capital Riyadh has been ranked as the third smartest capital among the G20 member states and the 30th smartest city at the global level.

Riyadh made qualitative progress on the IMD Smart Cities Index for 2021, issued by the International Institute for Management Development (IMD), as it jumped 23 ranks from last year.

By this classification, Riyadh outperformed great cities such as Los Angeles, Madrid, Hong Kong and Paris.

The Holy city of Madinah has been also included on the index as the second Saudi city after Riyadh, ranking 73rd in the world and fourth in the Arab world.

The progress made by Riyadh is bettered only by South Korean capital Seoul in the G20 group and ranks as the third-largest improvement at the global level, which is measured on a list of 34 indicators.
An official statement said the achievement confirms “the concerted efforts of all sectors of the state that provided infrastructure, smart applications and implementation of development projects”.