Search DubaiPRNetwork.com

Home >> Banking & Investments

Oliver Wyman Forum Ranks Which Cities Will Lead the Mobility Revolution

Sunday, December 15, 2019/ Editor -  

Share

Home >> Banking & Investments
• New Index ranks Singapore, Amsterdam, London, Shanghai, and New York as the top five cities
• Dubai and Riyadh feature in the top-ranking cities representing the Middle East region
• Global cities in Europe, North America, Asia Pacific, Latin America, and Middle East and Africa ranked on mobility ecosystem development
 
 
Dubai, December 15, 2019:   Singapore tops Oliver Wyman Forum’s inaugural Urban Mobility Readiness Index: How Cities Rank on Mobility Ecosystem Development. The index ranks 30 cities on how prepared they are to incorporate the latest mobility technologies and what they are doing to reshape urban mobility. The top five cities are Singapore, Amsterdam, London, Shanghai, and New York . Dubai ranks 19th and Riyadh ranks 26th globally.
 
“Cities destined to become tomorrow’s mobility leaders are forward-thinking and user-centric,” said Matthieu De Clercq, Partner, Public Sector, Oliver Wyman.  “They take a data-driven approach and work with the private sector to find solutions.” The research was conducted with The Institute of Transportation Studies at the University of California, Berkeley. 
 
The index analyzes existing public and private mobility networks; current regulation, policy, and infrastructure; a city’s livability; and its capacity to absorb future technologies. While the index attempts to rank the outlooks for various cities, the research also provides best practices and concrete strategies that will allow cities to upgrade their offerings with a goal of transforming urban mobility from a challenge into a competitive economic advantage. 
 
There is no one-size-fits-all solution when it comes to urban mobility because no two cities are starting from the same point. For example, cities around the world operate at vastly different stages of development when it comes to mobility. In Los Angeles, 89 percent of travel involves a car, while in Hong Kong only seven percent does. In Amsterdam, 60 percent of people get around by cycling or walking; in Mexico City, 70 percent take mass transit.
 
Key to success for cities is a focus on the development of mobility ecosystems that provide a holistic framework to incorporate advanced technologies and create seamless, multimodal networks. Another pivotal element for cities is working closely with academic and private sector mobility research efforts and testing the latest technologies.  
 
Why Singapore is on Top
 
Singapore ranks number one in the index because it recognizes the importance of building ecosystems, private sector and research partnerships, and infrastructure investment. It has been a pioneer in reducing traffic congestion through various initiatives and has adopted an aggressive approach to integrating cutting-edge technology with progressive transportation policies. The region is leading the way in the latest mobility tools, platforms and services, as well as autonomous driving and real-time, digitized traffic management.
 
While most of the top 10 represent sprawling metropolitan areas, Amsterdam, the index runner-up, stands in stark contrast, because of its relative compact size and population. Like many other top-scoring cities, it is known for its robust infrastructure, extensive public transportation system, and efforts to downplay the automobile as a transport mode. In recent years, it has adopted policies to foster electric and autonomous vehicles, increase the number of charging stations, and encourage alternate modes of transportation, particularly bicycles.  The city has attracted considerable private investment which is helping it with a large-scale smart city initiative as well as the development of a domestic mobility industry.
 
Additional key findings: 
• The top five cities all have legacy infrastructure such as public transit systems, a history of sustained investment, rapid technology adoption, an engaged private sector including innovative startups, and forward-looking policies that aim for growth. 
• Five of the top 10 cities are in Asia including Singapore, Shanghai, Tokyo, Beijing and Seoul.
• The average index score is 51 out of 100 across all 30 cities. 
• Seventeen of the cities scored above average: six are in Europe, six in Asia Pacific, four in the US and Canada, and one in the Middle East. 
“Municipal governments see the need to become increasingly proactive and agile in the evolving mobility landscape. Cities see the benefits of re-focusing on the basics of public transportation and infrastructure development in order to lead in the next generation of mobility,” said Professor Alexandre Bayen, director of the Institute of Transportation Studies of UC Berkeley. “Cities who embrace technology and have proactive regulation will become leaders in the mobility revolution.”
 
The index was launched in November at the inaugural Global Mobility Executive Forum event in Paris, which featured two days of discussions among leaders from industry, technology, academia, finance, and non-governmental organizations worldwide on ways to address equitably and efficiently the complex challenges posed by the global mobility revolution. Several upcoming Executive Forums on mobility are planned. 

Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Genesis Luxury Flagship SUV the GV80 Debuts in the Middle East & Africa

ENBD REIT Announces H1 NAV of USD 198 Million (USD 0.79 per share)

Shoppers Can Spend and Win Big With Top Promotions Over 3 Day Super Sale Weekend

Summary of Weekly Real Estate Transactions for the Week Ending 26 November 2020.

An Extended Weekend of Celebrations at the Waterfront Market

Dubai Gold & Jewellery Group Launches an Interactive Map for an Enhanced Gold So ...

Water Scarcity Issues in Middle East Countires Need Integrated Approach

International Air Connectivity Crisis Threatens Global Economic Recovery

HHC Organises Trial Race ahead of the Camel Trek Marathon for UAE Expats

Shop for Mega Deals at Big-name Stores With Up to 90 Per Cent Off for 3 Day Supe ...

Don't miss the last Ladies' Nights of 2020 at CLYMBâ„¢ Abu Dhabi

The Anti-Smoking International Alliance in London Re-elects its Emirati Presiden ...

Karl Lagerfeld Introduces a New Style in the Fall-Winter 2020 Eyewear Collection

HONOR Celebrates White Friday with Affordable Offers to Upgrade Smart Devices

ENEC Recognizes Stakeholder Commitment During Virtual Forum

Strides Ahead: How 5G Will Become the New Frontier of Sports

Rare Case of Bowel Obstruction, Treated Laparoscopically at Aster Hospital in Qu ...

Paymentology to Help Reshape the $5.4 Trillion Digital Payments Industry

Last Chance to avail Carrefour Friday's Unparalleled Discounts Across UAE

Discover Your Perfect Shade of Beige this Autumn/ Winter from Emilia-Romagna