In 2017, 26 megacities were in emerging economies, compared to 7 in developed economies. There are likely to be 48 megacities with populations above 10 million by 2035.

By 2020, Greater Jakarta is predicted to be home to 36 million people, making it the biggest megacity of all.

War torn Baghdad, with a population of 10 million, may soon join the ranks of the world’s megacities.

African cities Dar es Salam and Luanda are predicted to become megacities by 2030.

With larger populations to attract investment and nurture productivity growth through network effects, megacities in developing countries will likely see rising incomes.

Will emerging economies drive all urban growth in future?

Read more: https://www.spireresearch.com/newsroom/spirethoughts/will-emerging-countries-dominate-the-pool-of-global-megacities-in-future/