These cities will be very rich in 10 years
Researchers believe these cities are going to be among the top 10 richest in the world by 2025
An aerial view shows the diplomatic area of Doha, Qatar. PHOTO: REUTERS
In an interesting survey, researchers at McKinsey Global Institute have come up with a list of seven cities, which, according to them, are going to be among the top 10 richest cities of the world by the year 2025.
1. Doha, Qatar
An influx of investments ahead of the 2022 soccer World Cup, in addition to the fact that Qatar is already amongst the richest countries in the world, puts Doha at the top of the list based on per capita GDP.
Pakistan third cheapest country in the world: report
2. Bergen, Norway
Norway’s second most populous city, Bergen, also serves as a hub for many Norwegian industries that include the energy sector, shipping and marine research. This, according to Mckinsey researchers, puts it in the race to become one of the richest cities of the world.
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3. Trondheim, Norway
The birth place of mobile technology and the GSM standard, Trondheim has been booming mainly driven by the technology sector that puts up over 550 startups and employs 10,000 people.
4. Hwaseong, South Korea
Not very popular outside South Korea, Hwaseong is located south of Seoul and is home to research facilities for some of the biggest names in the global tech industry that include Hyundai, Samsung, Kia and LG Electronics. Hwaseong is also currently investing heavily in a super modern urban centre in the Dongton district.
5. Asan, South Korea
Located next to Hwaseong, Asan serves as home to several large industrial complexes, but also has the benefit of being located near the port of Pyeongtaek, the closest port to East China, and a global shipping hub.
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6. Rhine Ruhr, Germany
Rhine Ruhr serves as a centre for German industry and finance and is the third largest urban area in Europe, coming in after Paris and London. It is also home to 12 Fortune 500 companies which shows its stake in global finance.
7. Macau, China
Though still recovering from recession in 2015, Macau is on its way to becoming one of the 10 richest cities by 2025. The city witnessed a fall of 17 per cent in its economy as a result of an anti-corruption drive against its casinos. Experts argue that the city should diversify and find other sources of income for its economy to recover.
This article originally appeared on CNN.
1. Doha, Qatar
An influx of investments ahead of the 2022 soccer World Cup, in addition to the fact that Qatar is already amongst the richest countries in the world, puts Doha at the top of the list based on per capita GDP.
Pakistan third cheapest country in the world: report
2. Bergen, Norway
Norway’s second most populous city, Bergen, also serves as a hub for many Norwegian industries that include the energy sector, shipping and marine research. This, according to Mckinsey researchers, puts it in the race to become one of the richest cities of the world.
10 most expensive cities in the world
3. Trondheim, Norway
The birth place of mobile technology and the GSM standard, Trondheim has been booming mainly driven by the technology sector that puts up over 550 startups and employs 10,000 people.
4. Hwaseong, South Korea
Not very popular outside South Korea, Hwaseong is located south of Seoul and is home to research facilities for some of the biggest names in the global tech industry that include Hyundai, Samsung, Kia and LG Electronics. Hwaseong is also currently investing heavily in a super modern urban centre in the Dongton district.
5. Asan, South Korea
Located next to Hwaseong, Asan serves as home to several large industrial complexes, but also has the benefit of being located near the port of Pyeongtaek, the closest port to East China, and a global shipping hub.
The most expensive cities to live and work
6. Rhine Ruhr, Germany
Rhine Ruhr serves as a centre for German industry and finance and is the third largest urban area in Europe, coming in after Paris and London. It is also home to 12 Fortune 500 companies which shows its stake in global finance.
7. Macau, China
Though still recovering from recession in 2015, Macau is on its way to becoming one of the 10 richest cities by 2025. The city witnessed a fall of 17 per cent in its economy as a result of an anti-corruption drive against its casinos. Experts argue that the city should diversify and find other sources of income for its economy to recover.
This article originally appeared on CNN.