New York, London or Hong Kong. Here are seven cities that are racing up
the rankings of the world’s richest, and will be among the top 10 by
2025, according to researchers from McKinsey.
Qatar’s Doha is predicted to be one of the rising stars in terms of per
capita GDP. The country is already among the richest in the world, and
huge investments ahead of the 2022 Soccer World Cup are set to give it
Bergen is the second most populous city in Norway.
It is already at the forefront of the country’s economy, but McKinsey’s
researchers predict it will rise to become one of the richest cities
globally. It serves as the hub for Norway’s energy industry, shipping,
and marine research.
Hwaseong, although not widely known outside South Korea, is a booming
city south of Seoul. It’s home to the global research facilities of
Hyundai (HYMTF) and Samsung (SSNLF), as well as flagship plants for Kia
and LG Electronics.
The city is investing heavily in new residential real estate in the
super modern Dongtan district.
Asan, South Korea
Like its neighbor Hwaseong, Asan is home to several large industrial
complexes.It also benefits from being near the port of Pyeongtaek, which
is the closest port to east China, and a global shipping hub.
Its economy slumped 17% after an anti-corruption drive hurt Macau’s
casinos, the main driver of the territory’s economy. Growth is expected
to return next year, but experts sayMacau must find other sources of
income to recover its momentum.