Fastest-Growing Emerging Cities Of The World [PHOTOS]

 
on April 10 2012 8:00 AM
  • 7. Belem, Brazil
    Tourists stand in front of a painted mural to take pictures on a main street in the city of Belem, northeastern part of Brazil, Jan. 11, 2012. The city of Belem, located at the mouth of the Amazon River, has a population of more than 2.3 million in the greater metropolitan area and its 39 islands, according to the latest census. The city celebrated its 396th birthday on Jan. 12. REUTERS/Paulo Santos
  • 6. Concepcion, Chile
    Arco de Medicina ("Arch of Medicine"), on the campus of the Universidad de Concepción. Wikimedia Commons
  • 5. Nagpur, India
    Zero Mile at Nagpur, is the Geographical center of India. Tarique Sani/Wikimedia Commons
  • 4. Surat, India
    Inside of a mall in Surat. Nitesh Cahvhan/Wikimedia Commo
  • 3.Guiyang, China
    Two farmers walk on a terraced paddy field in Gaopo township, Guiyang city, southwest China's Guizhou province, Sept. 20, 2005. The government's favorable policies such as scrapping agricultural tax have helped Chinese farmers in increasing sown areas. REUTERS
  • 2. Kelamayi, China
    China National Highway G-217, near Kelamayi. Wikimedia Commons
  • 1. Linyi, China
    Linyi bus station is pictured. Linyi is the fastest growing markets in the world, according to a recent report. Wikimedia Commons
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The Knight Frank Wealth Report 2012 has marked seven cities as the world's fast-growing cities to watch in 2050, based on their potential for creating new market opportunities for local as well as global companies.

These cities from China, India and Latin America are among 400 emerging market cities with populations between 200,000 and 10 million.

“They are global growth engines, reducing poverty, expanding the global middle class by millions of households, and creating new market opportunities for local and multinational companies,” Jaana Remes, a senior fellow at The Mckinsey Global Institute, San Fransisco, said in the report.

The Wealth Report 2012 is published by Knight Frank, a London-based independent global residential and commercial property consultancy, in partnership with Citi Private Bank, Citigroup's wealth management services arm for ultra high net worth individuals, law firms, and institutional investors.

The report states that it is no longer just about the rise of megacities such as Shanghai or Mexico City but a “dynamic” group of cities that are not household names any more.

“The unprecedented pace and scale of urbanization in developing countries is among the few bright spots on a global economic horizon clouded by ageing populations, increasingly volatile resource prices and debt crises,” Remes added.

Click on Start to find out the fast-growing emerging cities, according to Wealth Report 2012, to watch in 2050.

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