Ethiopian Business Review

Top 10 Emerging Cities in the World

Addis Ababa ranked third among 84 emerging cities worldwide to advance its global positioning over the next 10 to 20 years. The ranking comes from the “Emerging Cities Outlook 2014,” a report published by A.T. Kearney, a US-based management consulting firm that focuses on strategic and operational issues facing businesses, governments and institutions across the globe.

Indeed, Addis Ababa is drawing global attention due to the recent boom the city is experiencing in its infrastructure development, business and investment ventures. The high ranking is also due to the fact that the city serves as the seat of the African Union, the United Nations Economic Commission for Africa and is host to numerous international conventions. The report declares that these factors have made Addis Ababa a hub for conference tourism. 

Stretching over 54,000 hactares of land, Addis Ababa is home to nearly four million inhabitants. Nairobi, the other African city in the top ten, took the ninth place.

Two Southeast Asian cities, Jakarta and Manila, took the first and second place, respectively, of emerging cities most likely to progress. Jakarta, with a little more than ten million inhabitants, is moving up quickly in the area of human capital as well as addressing income inequality. According to the report, this helped Jakarta to be the top emerging city most favourably positioned to advance in the future. Manila, too, is bolstering by human capital development, especially in health care quality and availability. Another South Asian capital, Kuala Lumpur, is also among the top ten.

Rio de Janeiro and Bogota joined Sao Paulo as the three Latin American cities in the top ten. This is the first time Sao Paulo, one of the most populous cities in the region, has appeared in the Emerging Cities Outlook, which has been published every year since 2008. With more than 11 million residents, it is one of the most populous cities in the region. 

New Delhi, which holds fifth place is the highest-ranked South Asian city, followed by Mumbai, in the eighth position, an indicator of the booming service industry in India.

RankName of the CityPopulation (In Millions)Area (Hectare)
1 Jakarta, Indonesia 10.19 764,151
2 Manila, Philippines 1.65 63,860
3 Addis Ababa, Ethiopia 3.84 54,000
4 Sao Paulo, Brazil 11.82 79,438
5 New Delhi, India 17.12 148,400
6 Rio de Janeiro, Brazil 11.72 126,000
7 Bogota, Colombia 7.32 158,700
8 Mumbai, India 13.53 435,500
9 Nairobi, Kenya 3.14 69,600
10 Kuala Lumpur, Malaysia 1.67 24,300

2nd Year . June 2014 . No.15


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