The State of Kuwait ranked sixth in the world among the top 20 cities in terms of financial attractiveness at the global level, according to the latest version of the international index of 150 cities issued by the «AIRINC».
The index ranks cities according to financial attractiveness, lifestyle and overall attractiveness, and combines local salary levels, tax rates, and living costs and conditions to assess the attractiveness of each city to live in.
The Bahraini capital, Manama, topped the list as the most attractive city financially, followed by Riyadh in fourth place, Abu Dhabi in seventh place, in addition to Dubai, which came in 12th, and Muscat, which ranked 16th.
The index is based on the sum of the financial components to calculate the net purchasing power of a typical salary in each city, and then it is converted into a common currency to perform the comparison process between sites.
On the other hand, lifestyle measures are classified and grouped according to category, to obtain a score of 100, in order to allow an objective assessment of living conditions between cities, provided that all measures are combined, which ultimately leads to an overall score that allows comparisons and easy classifications between one city and another.
Source (Al-Rai Kuwaiti newspaper, Edited)
