The World’s Fastest Growing Cities

Business | October 31, 2010 | Share

It’s a wonder how not a single city from a continent as large as Europe has not been pegged as one of the fastest growing cities in the world. Asia takes the cake with a majority of cities being touted as the fastest growing in the world. On a report compiled by Forbes, India and China make it to the top of the running with a few cities in the middle east and one from Canada and three from America and two from South America and Australia make it in the running too.

The fastest growing cities in the world include:

Chengdu, China
Chongqing, China
Suzhou, China
Nanjing, China
Ahmedabad, India
Bengaluru, India
Chennai, India
Santiago, Chile
Campinas, Brazil
Raleigh-Durham, North Carolina
Salt Lake City, Utah
Austin, Texas
Calgary, Canada
Tel Aviv, Israel
Abu Dhabi, United Arab Emirates
Kuala Lumpur, Malaysia
Hanoi, Vietnam
Melbourne, Australia

1) Chengdu, China
China is spending a huge amount of money on infrastructure and growth of the industry in this city. The capital of Sichuan, Chengdu is the hub of economic activity in the country as of date. Chengdu is the IT capital of the country and home to a number of Multinational corporations of the world.

One of the main makings of the fastest growing cities is the capability of industry to provide job opportunities for local folk, and that’s what Chengdu has in abundance. The next decade will see a bright future as the city is on a glorious path to progress.

2) Chongqing, China
Chongqing has been growing at twice as fast as China as a country is. It is the largest producer of motorcycles in the world and the third largest for motor vehicles.

3) Suzhou, China
Situated at a distance of only 110 km from Shanghai, Suzhou is known to be China’s second largest industrial city. A few reports suggest that Suzhou may even be the richest city in the country as of date.

4) Nanjing, China
Placed very close to Shanghai, only about 250 kms from Shanghai, Nanjing has been home to tremendous growth in construction given the affordable prices of property. It has a number of industries that too are growing rapidly like electronics, petrochemicals and iron and steel.

5) Ahmedabad, India
Gujarat is one of the fastest growing states in India, and Ahmedabad the seventh largest city in the country is growing with it. Ahmedabad is known for its business friendly policies and is home to some of the largest pharmaceuticals and chemical houses.

Many a foreign countries have skipped Mumbai and chosen Ahmedabad as their docks in the country, IT has recently seen a spur in growth in the city as well.

6) Bengaluru, India
The silicon valley of India saw a number of International companies come into the country at the height of the IT revolution. The city is known to be home to thousands of millionaires and is indeed one of the best places to stay in the country. The congestion in the city is becoming a little overwhelming, which needs to be worked on for it to maintain its status.

7 ) Chennai, India
Bengaluru was the hub for a number of international companies, who were looking to make it big in the IT sector. However the congestion in Bengaluru has forced many companies from across the globe to turn their affections to Chennai today.

Chennai is known to be the hub of the automobile sector in India. It is also growing given its prowess in the telecommunications and electronics sectors.

8 ) Santiago, Chile
Mining, textiles, food processing and manufacturing have fuelled recent growth in Chile’s capital city. A number of multinational corporations have invested heavily in the development of Santiago.

9) Campinas, Brazil
Located in Sao Paulo, Capinas is Brazil’s one of richest cities. Agriculture, cars, machinery, motorcycles, textiles, petrochemicals, telecommunications and pharmaceuticals have aided in the growth of this city.

10) Raleigh-Durham, North Carolina
The city is known to be the financial services, electronics and telecommunications hub of the state of North Carolina.

It is one of the fastest growing cities in America today as a number of companies prefer setting up base here as setting up camp is not as expensive as cities in the country.

11) Salt Lake City, Utah
Salt Lake City is capital of the state of Utah in America. This powerhouse status has been recently provided to this city as only recently some great investments have fuelled industrial and economic growth.

12) Austin, Texas
IT, biotechnology and pharmaceuticals have led to Austin becoming a powerful city in the state of Austin. More investments are pouring into the city everyday adding to growth and more job opportunities.

13) Calgary, Canada
Calgary is said to have the lowest taxes and regulations that are less stringent than anywhere else in the country. The growth of the economy can be attributed to the oil and gas, manufacturing and services sectors. Infrastructure development in the city makes it one of the fastest growing urban cities in the world.

14) Tel Aviv, Israel
Investments from foreign companies in chemical processing, technology, food processing and textile industries have made Israel’s second largest city a favourite in the running of the fastest growing cities in the world.

15) Abu Dhabi, United Arab Emirates
Abu Dhabi is the capital of the United Arab Emirates. It is one of the world’s richest countries in terms of GDP. Growth and development can be seen as you walk down the roads and experience a different east. It’s pregnant with opportunity and the growth and progress can be attributed to the great hydrocarbon wealth that the country has.

16) Kuala Lumpur, Malaysia
Investors and businessmen alike have their pulse on the development of Kuala Lumpur. Over the last few years the development in terms of infrastructure, communications and technology has soared to great heights. It is the capital of Malaysia and is attracting job seekers from all over the globe.

17 ) Hanoi, Vietnam
A number of Japanese, America, Indian and European nations have pegged Hanoi in Vietnam as one of the strongest and fastest growing cities in the world as the opportunity for growth is tremendous.

18) Melbourne, Australia
Recent trade with India and China has ensured Melbourne a spot on the list of the fastest growing cities in the world. The capital city of Victoria it is profiting through finance, IT, research and manufacturing.

Mahesh Chand