After winning multiple international accolades, Tel Aviv will be once again compete against the cities of the world, this time for the title of "most innovative city in the world."

The Wall Street Journal, in conjunction with Citibank, announced the "most innovative city" competition on Saturday. Tel Aviv will compete against the world's leading metropolitan cities, among them New York City, London, Berlin, Chicago, Singapore, Sao Paulo, and Hong Kong.

Tel Aviv's profile on the website cites the city's technology and research capabilities as the reason for its inclusion in the line up.

According to the website, Tel Aviv, also known as the White City, "has been honored by UNESCO as an example of modern architecture and town planning." The profile also noted that Tel Aviv University and CA Technologies are partnering to build a multi-million dollar innovation center.

Tel Aviv has won various international awards. In 2011, it was voted winner of the GayCities competition, beating New York City, Madrid, Toronto and London among others for the title of the world's most tolerant and proud city. In 2004 Tel Aviv was placed on the UNESCO World Heritage List, a title that only 56 other cities in the world have been awarded.

"I am proud that Tel Aviv has been chosen to run against the leading cities in the world; cities that have created the DNA for high tech and innovative leadership," Tel Aviv Mayor Ron Huldai said Saturday night. "Promoting innovation and creativity made them such leading cities." Huldai called on the public to go to the website and vote for Tel Aviv.