These cities are suppose to be the richest cities in the world in the next 10 years. Before you plan to buy properties there consider these thoughts:
1) Doha,Qatar - I disagree with this one. Even though it was growing so fast, the price of oil which is its main source of income is down and will continue to be in the $40 or lower range for a long time. This place was over built when oil was $150/barrel.
2) Bergen, Norway
3)Trondheim, Norway - I agree with these two Norwegian cities, but not as rich as some had predicted. These two cities are financial hubs of Norway...a country most blessed by the North Sea oil bonanza. The Norwegians , however, did a very smart thing ... they invested their oil profits. They created their sovereign fund which is now one of the biggest in the world and worth hundreds of billions. They are not dependent on their oil revenues for continued prosperity.
4) Hwaseong, South Korea
6) Macau, China - This is a wild card. It was the richest one a few years ago but the Chinese Government clamped down on its gambling Industry because of its corrosive effect on the Chinese people ( Asians are some of the biggest gamblers in the world. Its genetic). However, the Chinese are a resourceful people. The same genes that makes them gamble, makes them take risky but lucrative ventures.
Blessings for the day: The promises and gifts of God are irrevocable.
Willie P - 07/31/2016
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| en.wikipedia.org/wiki/Hwaseong,_Gyeonggi#/media/File:Gyeonggi-Hwaseong.svg |
I wanted to put my friend's thoughts down in my blog for the record. He's been wrong concerning a variety of subjects; but he's also been right and is very knowledgeable. I want to see how accurate he is in his assessment of these countries' wealth in ten years, God willing. -- Mrs E
