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The Sukuk were offered in a five-year and a 10-year tranche.

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Abu Dhabi named smartest city in MENA region and 13th globally

The foreign direct investment (FDI) in the individual category within Abu Dhabi's real estate sector has soared to AED 834.6 million during the first half of 2023.
  • The study surveyed 120 residents in each of the 118 cities and evaluated infrastructure and digital services available to them
  • It focussed on five main pillars: health and safety, mobility, activities, work and education system, and governance.

Abu Dhabi, UAE – Abu Dhabi has been named the smartest city in the Middle East and North Africa (MENA) region for the third consecutive year, according to the IMD Smart City Index. 

The study surveyed 120 residents in each of the 118 cities worldwide and evaluated infrastructure and digital services available to residents, focusing on five main pillars: health and safety, mobility, activities, opportunities (work and education system), and governance. 

Abu Dhabi ranked 13th globally out of the 141 cities included in the current ranking. 

The city’s leadership in the field of smart cities was attributed to its commitment to supporting the digital transformation, utilizing next-generation technologies such as artificial intelligence and the Internet of Things, and developing smart city initiatives across various societal, service, and economic sectors. 

The city’s Department of Municipalities and Transport  (DMT) expressed their pride in the city’s ranking and commitment to harnessing technology to enhance the quality of life for citizens and residents. 

“Abu Dhabi has been able to establish itself as a smart and sustainable city, and one of the best global destinations to live, work, and visit,” Mohammed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport (DMT), said. 

The Smart Cities Index issued by IMD is considered an important reference for international organisations, decision-makers, and institutions to measure the impact of national strategies in enhancing levels of welfare, achieving progress, and promoting the quality of life for people.