The Global Power Cities Index (GPCI) 2021, published by the Institute of Urban Strategies of the Japanese Mori Memorial Foundation, places Madrid for the first time in the ninth position in the world among the ten most attractive cities for investments, companies and talent .
The GPCI is the indicator most valued by multinationals in the processes to select the location of their new headquarters and research centers.
Since 2008, the GPCI index analyzes 48 cities on the five continents according to 70 parameters of the following categories: economic environment, research and development, cultural interaction, quality of life, sustainability and accessibility.
In this edition, the best scores obtained by the Spanish capital were in the chapters of quality of life (first position), cultural interaction (eleventh) and accessibility (fourteenth).
In order of ranking, the top positions in the 2021 index are as follows: London, New York, Tokyo, Paris, Singapore, Amsterdam, Berlin, Seoul, Madrid, and Shanghai.
“This is a momentous achievement for the projection of both the city of Madrid" as from his region, Gerardo Seeliger, CEO of Madrid Open City, a non-profit association whose main objective is to attract investment, companies, talent and cultural and sporting events, said in a statement this Thursday.
I consider that these results were possible thanks to the "magnificent" public and private collaboration in Madrid, that surpasses large world business centers such as Shangha´i, Hong Kong, Sydney or even Los Angeles (USA).
The regional councilor for the Economy, Finance and Employment, Javier Fernández-Lasquetty, emphasized that the report highlights the management of the pandemic and its impact on the economy.
“This index is going to help us attract many more investments from around the world. Madrid attracts because there is talent here, in a framework of economic freedom and with less taxes", argument.
The Madrid region is the main economic engine of Spain and contributes approximately one fifth of the national Gross Domestic Product.