10 Most Attractive Cities For Investment In The World
|What Are The 10 Most Attractive Cities In The World To Invest In - Knowinsiders.|
The Global Power Cities Index (GPCI) 2021, published by the Institute of Urban Strategies of the Japanese Mori Memorial Foundation, ranks the ten most attractive cities for investments, companies and talent.
In order of ranking, the top positions in the 2021 index are as follows: London, New York, Tokyo, Paris, Singapore, Amsterdam, Berlin, Seoul, Madrid, and Shanghai.
The GPCI-2021 did not show any significant changes in the top cities' rank, but the citywide lockdowns, travel restrictions, behavioral restrictions, and changes in work styles associated with the COVID-19 epidemic since early 2020 affected various indicators. This resulted in a marked impact on the dynamics of target cities.
London and New York's upward trend from GPCI-2018 have stopped and began to fall, while Tokyo and Paris have been catching up with the top 2 cities. Singapore have fallen from last year's rise, widening the gap between Paris.
List of Top 10 World Cities - Global Power City Index
What is the Global Power Cities Index?
The Global Power Cities Index (GPCI) is the indicator most valued by multinationals in the processes to select the location of their new headquarters and research centers.
Since 2008, the GPCI index analyzes 48 cities on the five continents according to 70 parameters of the following categories: economic environment, research and development, cultural interaction, quality of life, sustainability and accessibility.
In the GPCI-2021, there are 19 indicators that are assumed to have been affected by COVID-19. Each impact can be divided into four categories: Travel Restrictions, Business Activity, Working Style, and Urban Environment. In terms of Travel Restrictions, many cities experienced a decline in international air travel and passenger traffic, and cities with strong international networks were seriously affected in Accessibility and Cultural Interaction. In addition, economic stagnation had a negative impact on Business activities in many cities. On the other hand, COVID-19 has brought about some positive changes: improvements in working style and in the urban environment. In many of the target cities, the number of working hours decreased and workstyle flexibility appeared to improve.
What Are The 10 Most Attractive Cities To Invest In The World?
London maintained its first-place position for the tenth consecutive year but saw its overall score decrease. The main reason for this was a significant drop in Accessibility, as London’s strength in international transport networks was lost due to the impact of the novel coronavirus infection (COVID-19).
Despite this, London has improved its ranking in Livability and Environment, and has balanced strengths across all sectors.
|New York - Top 10 Most Attractive Cities In The World To Invest In|
As a top tier city, New York has indisputable strengths in Economy and Research & Development.
In Environment, New York improved its ranking by increasing its score for Satisfaction with Urban Cleanliness. Nevertheless, Livability, which has been an annual challenge for the city, fell further down the rankings due to a drop in the score for Working Environment.
As a result, the gap between the city’s areas of strength and areas of weakness widened
|Tolyo - Top 10 Most Attractive Cities In The World To Invest In|
Tokyo improved its score from last year, catching up with London and New York. Though it gave up third place to Los Angeles in Research & Development, it rose to #9 in Livability. The improvement in Workstyle Flexibility, which held the city back last year, contributed to this improvement.
In Cultural Interaction, the city improved its “Trendsetting Potential” by its hosting of the Olympics and came close to #3 New York’s score.
|Paris - Top 10 Most Attractive Cities In The World To Invest|
The GPCI index rates Paris the fourth most attractive city in the world for business investment. The capital city home to the largest number of foreign cultural centers and institutes in the world.
Paris ranked #1 city in the world in terms ofquality of life and accessibility via its communication networks. Paris will host the 2024 Summer Olympics and Paralympics. Paris has a superb array of sports facilities, hotels and transport infrastructure.
The upbeat news comes in the wake of the Economic Development Board’s report that Singapore attracted about 17.2 billion SGD (12.9 billion USD) in fixed asset investments last year amidst the pandemic.
Singapore scored the highest overall in terms of Covid-19 safety, lifestyle, and infrastructureT the city-states' low-crime rate and ease of conducting business as other contributing factors.
Amsterdam has been also named as a top European city for foreign direct investment. The Dutch capital took sixth place in The Global Power Cities Index (GPCI).
The Dutch capital is extremely well connected, and often referred to as ‘the gateway to Europe’. One reason for this is Amsterdam Airport Schiphol, which is centrally located and flies to more than 300 destinations, while high-speed rail services make it easy to work while travelling around Europe.
|Berlin - Top 10 Most Attractive Cities In The World To Invest|
A key reason the German capital is booming is that it offers great value to businesses. This is partly a consequence of Berlin’s unique history: “The city was divided into a Western and Eastern part. Since then, both rents and real estate prices have been rising fast but, compared to other major capitals like Paris or London, “Berlin still has a lot to catch up.
The competitive accommodation costs are only one factor driving the German capital’s astounding success. The city has invested heavily in infrastructure and, today, the general surroundings for a company wanting to settle somewhere in Europe are extremely good.
The capital of South Korea, Seoul, is running again and takes another leap forward as a global attractive city to invest.
In order to restore Seoul's global competitiveness, which has declined over the past decade, prominent domestic and foreign speakers attended the forum and diagnosed Seoul's present and in-depth discussions on future development strategies. The Mayor of Seoul Oh se-hoon said, "The world is facing rapid social and economic changes along with a crisis that has never been experienced due to the COVID-19 pandemic" in his opening remarks.
He emphasized that, "The economy and jobs will revive, and the quality of life of citizens will rise when Seoul’s city competitiveness, financial competitiveness, and future competitiveness are restored. The city of Seoul has established 'Seoul Vision 2030' to put this into practice. I will make Seoul a globally charming city where everyone wants to visit, live in, and invest in."
Mayor Oh's 'Seoul Vision 2030' aims to make Seoul a global city where people, businesses, capital, technology and information gather. In order to do so, he is planning on developing Seoul into an Asian economic hub, startup city, emotional-culture-tourism city, and industrial convergence innovation city.
It is to be reborn as one of the world's five largest financial cities, startup cities, and R&D mecca by reforming regulations and expanding infrastructure.
It aims to become a global attractive city with 20 million foreign tourists by consolidating representative cultural and tourism resources such as beauty, gourmet and shopping linked with Korean contents.
|Madrid - Top 10 Most Attractive Cities In The World To Invest In?|
The Madrid region is the main economic engine of Spain and contributes approximately one fifth of the national Gross Domestic Product.
“This is a momentous achievement for the projection of both the city of Madrid" as from his region, Gerardo Seeliger, CEO of Madrid Open City, a non-profit association whose main objective is to attract investment, companies, talent and cultural and sporting events, said in a statement this Thursday.
The regional councilor for the Economy, Finance and Employment, Javier Fernández-Lasquetty, emphasized that the report highlights the management of the pandemic and its impact on the economy.
“This index is going to help us attract many more investments from around the world. Madrid attracts because there is talent here, in a framework of economic freedom and with less taxes", argument.
|Why Shangsha becomes most attractive city for investment?|
During the 13th Five-Year Plan period, Changsha saw a stable growth in utilization of foreign investment. In 2016, Changsha utilized 4.81 billion dollars of foreign investment and increased to 7.28 billion dollars in 2020, with an average annual growth rate of 10.57%, accounting for more than 1/3 of the province’s total.
Statistics from the Ministry of Commerce showed that, Changsha’s actually utilized foreign capital (foreign direct investment) was 287 million dollars from January to February this year, up 45.3%, accounting for more than 80% of the province’s total.
Statistics show that up to now, 173 Fortune 500 Enterprises have settled in Changsha, including 99 overseas Top 500 enterprises. Foreign investment in the city has entered a virtuous circle featuring greater quantity, larger scale and better quality.
Last year, Changsha overcame the impact of the epidemic and introduced 138 major investment projects. From January to February this year, the city has introduced 16 industrial chain projects with an investment of 200 million yuan, and its planned total investment reached 7.35 billion yuan.
| Top 10 Most Expensive Cities For Eating Out In Europe |
If you are planning a trip to Europe, one of the most important things that you need to know is the price of the food ...
| Top 10 Cheapest Cities For Eating Out In Europe |
European incredible cities are known for being affordable and kind to the wallet. But which are the most budget-friendly?
| Top 30 Best Cities in the World Today |
Resonance Consultancy today announced the world's top-performing cities in their annual World's Best Cities Report. Check out the top 30 best cities 2021/2022 below!