Commonly known as the Silicon Valley of China, Shenzhen produces 90% of the world’s electronics. This city has rapidly developed from a small fishing village with a population of 30,000 in the 1980’s to a modern metropolis with a population of over 15 million. Just an hour from Hong Kong, Shenzhen is fast becoming the cheaper alternative for operations.
Did you know, Romania has the second fastest growing economy in Europe? Bucharest is bursting with entrepreneurialism and has one of the best start-up scenes in the world. In 2016 alone, 170 start ups were registered in the city. The relatively low operation costs are attracting many foreign companies.
Outstanding education and high living standards are attracting the best and brightest from all over the country. There are currently 21 engineering colleges based in India’s most modern city, which have stimulated the quickly expanding economy. It’s not just students flocking here; over 1 million IT specialists call this city home. Currently, 47% of India’s biotechnology companies are based in Bangalore.
Over 275,000 people choose to relocate to Lagos each year, contributing to the current population of over 21 million today. The city is the financial hub of Africa and attracts more multination companies than anywhere else in the country, with 80% of Nigeria’s imports being handled in Lagos. The city is also a well-known entertainment hub, and has developed the world renowned ‘Nollywood’, Africa’s biggest film industry.
Santiago is the preferred city for foreign investment in the region due to its relative stable economy. The city has been named ‘Chilecon Valley’; this is because 90% of Chile’s start-ups are based in Santiago. Chile’s government welcomes foreign investment offering free money and working visas to people looking to start their own business.