EDINBURGH has been named one of the "most investable" cities on the planet in a brand new index.

The research looked at the future competitiveness of various cities around the globe to determine the top cities for investors.

The City Competitiveness Redefined Tracker, which included 63 global cities like New York and London, measured a range of metrics, including quality of life and governance.

These indicators span four key assessment areas, including city competitiveness: investor attractiveness, assets and infrastructure, liveability and "loveability," and urban management and governance.

Other cities like London and New York were maked highly Other cities like London and New York were marked highly (Image: Getty Images)

Edinburgh named one of the 'most investable' cities on the planet

Edinburgh received high marks for its competitiveness because of its high quality of life, "burgeoning" technology sector and "strong governance".

The Scottish city also received the highest overall "best in class" rating because of its digital infrastructure, range of leisure activities, and extensive green spaces which come together to make the city "highly desirable" for living and working.

However, Vicky Evans, the cities, planning and design leader for the UK, India, Middle East and Africa (UKIMEA) at Arup, warned Edinburgh needs to ensure its infrastructure "can cope" with the "high demand for new residents and tourism".

She added that it needs to build resilience in "every aspect of its infrastructure" and undertake measures to improve its energy and water security.

It was warned that Edinburgh will need to continue to improve its infrastructure to maintain its positionEdinburgh will need to improve its infrastructure to maintain its attractiveness to investors and workers (Image: Getty Images)

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The report noted that there is a growing relationship between cities with strong climate resilience and mitigation plans, and their potential to attract and retain investment, business, and talent.

It said that a "failure to manage climate risks can be detrimental to a city’s global competitiveness".

Mark Watts, executive director at C40 Cities, said that "boosting resilience is a win-win for cities and their residents".

He added that the tracker "goes beyond" telling leaders what is "already doing well" and highlights the direction cities need to take to "remain attractive to investors".