Tuesday, February 5, 2013

Muscat and Jeddah in world’s cheapest cities



Muscat and Jeddah have ranked amongst the top ten cheapest cities in the world, according to a survey of 131 countries globally. 
Jeddah, the largest city in Saudi Arabia’s Mecca province, was ranked 127 while Oman’s capital city placed 120, according to the Economist Intelligence Unit’s worldwide cost of living index.
The survey, which is based on costs of more than 160 items ranging from food and clothing to domestic help, transport and utilities, said Middle Eastern cities dominated the bottom of the list due to “the use of price controls and the pegging of currencies to the US dollar”.

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