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INSIDECOSTARICA.COM | COSTA RICA  NEWS |     Tuesday 05 July 2011
 

San José, Costa Rica, In "Top Five" Latin American Cities Of The Future

In the first ever fDi ranking of cities across the American continents “FDI Intelligence” selected San José (Costa Rica) as one of the "top five" Latin American cities for the future for foreign investors thanks to its competitive conditions to encourage the establishment and growth of business.


American Cities of the Future.pdf 327.33 kB

Santiago (Chile) was crowned fDi Magazine's first ‘Latin American City of the Future’. According to the fDi Markets database, which tracks crossborder greenfield investment, Santiago has attracted 84 FDI projects since 2003, with almost a fifth of these projects involving a capital investment of more than $100m.

Lima (Peru), Monterrey (Mexico), Bogotá (Colombia) and San José (Costa Rica) completed the top five Latin American Cities of the Future. Mexican cities made up four of the top 10 cities in the Latin America category, while the Colombian cities of Bogotá and Barranquilla also featured, ranking fourth and eighth, respectively.

In the first ever fDi ranking of cities across the American continents, New York has been crowned the leading American 'City of the Future' for 2011/12. The city also claimed top position in the sub-category ‘North American City of the Future’ for the second year running, with Chilean capital Santiago being awarded the ‘Latin American City of the Future’.

Cities based in the US and Canada dominated the overall American Cities of the Future rankings, with New York, Chicago and Houston claiming the top three positions. The new ranking combined fDi’ s existing North American Cities of the Future ranking with a new Latin America ranking.

fDi Cities of the Future shortlists are created by in independent collection of data by fDi Intelligence division across 405 cities across North and South America.

This information was set under six categories: Economic Potential, Human Resources, Cost Effectiveness, Quality of Life, Infrastructure and Business Friendliness.

A seventh category was added to the scoring – FDI promotion strategy. In this category, 100 cities submitted details about their promotion strategy and this was judged and scored by our independent judging panel.

Cities scored up to a maximum of 10 points under each individual criteria which were weighted by importance to give the overall scores.

The fDi Intelligence division compiled the majority of the data for the American Cities of the Future ranking with the exception of the FDI promotion strategy.

According to Costa Rica's Ministry of Foreign Trade (COMEX) in 2010 Costa Rica attracted us$1.45 billion in FDI exceeding the target by 12% (su$150 million). In 2011, Costa Rica expects to attract around us$1.85 billion.

For this category information was submitted by individual cities and scored by our independent judging panel.

The top ten Latin America cities by fDi:

1.   Santiago de Chile, Chile
2.   Lima, Peru
3.   Monterrey, Mexico
4.   Bogotá, Colombia
5.  San José, Costa Rica
6.   Guadalajara, Mexico
7.   Querétaro, Mexico
8.   Barranquilla, Colombia
9.   Hermosillo, Mexico
10. São Paulo, Brazil
 

 

 

 
 
 
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