Forget 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 extra boost.
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.
Another Norwegian city on the list, Trondheim is the birthplace of mobile tech. It is where the GSM standard was invented in the 1980s.
Hwaseong, South Korea
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 () and Samsung ( ), as well as flagship plants for Kia and LG Electronics.
Asan, South Korea
Like its neighbor Hwaseong, Asan is home to several large industrial complexes.
Rhine Ruhr, Germany
Rhine-Ruhr is already one of the most successful urban areas in Germany. It’s the third largest in Europe, trailing only Paris and London.
Macau is an example of how quickly things can change. Tipped to become one of the 10 richest cities in the world by 2025, Macau suffered a huge recession at the end of last year.