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Cities of Opportunity 2012 Moscow Top 10 in economic clout Ties Paris for sustainability
Cities of Opportunity 2012 makes its fifth annual analysis of the development of 27 global cities, and through their current and projected future performance seeks to add insight on the policies and actions that make cities function best. Released October 2012
Moscow shows positive trends, moving up in overall 2012 rating and enters Top-10 cities in economic clout In comparison to the last year, Moscow moves up one spot from last year to finish 20th overall in 2012, just under Shanghai. In the economic clout category Moscow enters Top 10 ranking 8th. It attracts a striking amount of FDI, ranking 5th in capital investment, ahead of both Hong Kong and Abu Dhabi, and 7th in the number of Greenfield projects, just behind Beijing and Paris and ahead of New York and Tokyo. The city also: • Hosts the 8th largest number of Global 500 companies. • Ranks 12th in real GDP growth. • Ranks 11th in major construction activity.
Moscow ties Paris for #7 in sustainability
A city with increasingly global appeal
Moscow ranks comfortably in the top 10 in sustainability and tying Paris for the 7th spot. Its famous parks and legendary public transit reinforce its commitment to sustainable growth.
Moscow makes the top 10 in 4 of the 6 variables in the city gateway – new indicator measuring different issues – from hotel rooms and international tourists to aircraft movements and passenger flows.
Specifically, the city: • Ranks 3rd for its proportion of public parks, just behind Stockholm and Paris and ahead of New York and San Francisco. • Scores 8th for the low cost of its public transport and 9th for its transit coverage.
In the top 5 in higher education Given its history and traditions, it is not surprising that Moscow does well in several variables measuring educational achievement, including a #1 ranking in classroom size, among top-five in libraries open to the public, and, above all, #5 ranking in proportion of population with higher education. The highly educated population of Moscow is undoubtedly among the reasons the city also ranks 4th in broadband quality—ahead of most cities —and 7th in software development and multimedia design.
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Areas for development Moscow is one of the more expensive cities in our report, ranking 9th in the cost indicator – with the 9th highest cost of rent and 5th highest cost of business occupancy. More important, the city’s low scores in the indicator measuring health, safety and security are not representative of the Russian capital’s global reputation and prestige. At the same time, these results suggest areas where Moscow could be enhanced as a city to live and do business in.
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© 2012 The Partnership for New York City, Inc. All rights reserved.