Jakarta is Indonesia's Number 1 Emerging City!

According to the latest from Chicago’s Emerging Cities Outlook (ECO) Index, Jakarta is now the number one rising city. The report looks at cities from low to middle income countries with a strong likelihood to progress over the next two decades, measuring from the business activity criteria, human capital performance and innovation indicators attracting business and talent.

Indonesia generally has been gradually more recognised by companies and their counterparts in foreign governments, as a growing influence in both global and regional business – as stated by a representative of AT Kearney. They continued onto explaining that Jakarta also has a significant demographic advantage alongside capital stability, security, environment and awareness contributing to the city becoming number one.

Jakarta is followed by Manila, the Philippines’ major financial, commercial and cultural hub, ranking second owing to its key advancement in human capital indicators, particularly in the availability and quality of healthcare. Kuala Lumpur, Malaysia was also in the top ten, based upon largely improved transparency and business activity and transparency. The ECO also reported the potential and probability of an emerging city to rise up and into the more prestigious Global Cities Index (GCI).

Beijing, China, stands out in making it on both the top tiers of the GCI and ECO Index, ranking 8^th and 12^th respectively. The city’s improved healthcare, increased business activity from Fortune 500 companies and performing engagement in politics, as well as its growing international education provisions and escalating IT sector, allowed it to climb six places from 2012.