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Urbanization: City as a Consumer

Over the next decade, the world will experience a huge migration to urban areas, transforming traditional cities as we know them today into economic hubs. About 90% of this growth is expected to occur in the cities of Asia and Africa. More than 50% of the population in Asia and Africa are expected to reside in urban areas by 2030. Cities are expected to drive the economy of countries.

Nearly 60% of the world’s population will be residing in urban areas by 2030
Tokyo, the world’s largest metro economy with $3.1 trillion nominal GDP
By 2025, 33 Mega Cities will exist worldwide

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