The rise of global cities has provided a sturdy foundation for startups and entrepreneurs to seek greater heights, building a haven for companies and investors from all over the world with two important goals: create business opportunities and encourage technological innovations to grow and prosper not only for the present but also for the years to come.
As homes to the primary international leaders in knowledge and business, these mega cities serve as the melting pots of ideas, cultures and leading economic and technological advances. Some of these leaders come from the most powerful countries in the world like New York, London, Hong Kong, and Tokyo and they have topped charts and have been undefeated for consecutive years.
However, many cities are starting to follow their footsteps and are rapidly emerging as the new players in the global city rankings, thanks to their dynamic market and highly-skilled talent pool. Here they are:
This Southeast Asian city is the most populated region in Myanmar and analysts have observed that it has also one of the fastest growing economies in the country. Yangon’s vibrant and dynamic charm as a tourist destination isn’t the only thing to be celebrated about. Many investors have shown interest in this rising metropolis where culture and innovation blend perfectly well and the city, in response, opened up to foreign investments in 2011.
As the largest city in Nigeria, Lagos holds the most number of population—making it a contender in the global economic race in terms of business and innovation. In fact, it has become a financial hub of the entire continent, alluring multination companies to its shores. Ironically, it’s not like its other counterparts because instead of being a business center, it’s actually a home to “Nolywood,” the region’s biggest film industry, making it a top entertainment hub in Africa.
Santiago is an emerging startup hub in Chile and is one of the most important cities in South America. Reports have recorded a 600% increase in GDP from 1988 to 2017, thanks to a huge number of startups in Santiago. It’s ‘Chilecon Valley’ is a harbor for international entrepreneurs because of its diverse and talented population.