Top 5 Cities for Development Expansion
In recent years, development organizations have sprung up and taken off swiftly around the globe. Headquarters hot spots dot the map from Southeast Asia to Northern Africa, from Latin America to the Middle East.
It is critical for these growing organizations to establish networks in environments suitable for development expansion; it is an investment that involves careful consideration and strategic planning. As an aid, experts at Devex compiled a list of the top 5 best cities for development organizations to consider. Taking factors such as location, demographics, resources and political environment into account, the top cities are as follows:
1. Bangkok, Thailand – Bangkok’s strategic location in the heart of Southeast Asia makes it a prime site for development networks. Home to the UN Economic and Social Commission for Asia and the Pacific, the capital is already a nucleus for development efforts. Devex experts note that expected economic growth in the area means the city “will be even more of a regional hub” in the future. Furthermore, Thailand boasts a lower cost of living than neighboring countries and tops the World Bank’s list of easiest countries to do business in for East Asia and the Pacific.
2. Bogota, Colombia – Another high-ranked country for ease of doing business by the World Bank, Colombia is a growing site for both private sector companies and development organizations. The Latin American capital possesses a young and skilled labor force due to the prevalence of universities and libraries. USAID Mission Director for Colombia Peter Natiello praises the city’s potential, claiming “Bogota allows USAID to build partnerships we need to achieve greater impact…with the private sector, NGOs, government institutions, and academia.”
3. Nairobi, Kenya – Africa as a whole is in the middle of a surge of financial and technological growth, with Nairobi at the center. The Kenyan capital is home to more than 100 major international organizations, including the UK Department for International Development and UN Environment Program. Business analyst Naomy Wanga cites “communications technology, business development services, and the availability of both expertise and business opportunities” as major factors contributing to development success in Nairobi.
4. Amman, Jordan – Despite political tumult in the region, Amman boasts a relatively secure environment; the World Bank ranks it the least corrupt among low and middle-income countries in the Middle East. Jordan follows an open-border policy and grants myriad public health and education services to the country’s more than 500,000 refugees. Furthermore, Amman has a young workforce and improving status in health and education.
5. New Delhi, India – As both the world’s largest democracy and fourth-largest economy, India is a hot spot for growing development organizations. New Delhi boasts a strong NGO community. In addition, the capital city is home to several UN regional offices and more than 140 foreign embassies and commissions focused on overcoming development challenges throughout India and South Asia. Though the South Asian region as a whole is struggling to reach several Millennium Development Goals, New Delhi shows potential for growth; the metropolis features an educated work force with strong English-speaking skills.
Each of these cities offers a unique package to expanding development organizations and demands serious consideration. Other cities Devex experts recommend include Manila, Philippines; Addis Adaba, Ethiopia; Dakar, Senegal; Dhaka, Bangladesh; and Yangon, Myanmar.
– Mallory Thayer
Sources: Devex, World Bank
Photo: Wikipedia