KUALA LUMPUR, Oct 4 (Bernama) -- Jakarta - Indonesia’s capital city - will overtake Tokyo as the most populated megacity in the world by 2030 according to a report -- “Megacities: Developing Country Domination’’ -- released by Euromonitor International.
Euromonitor International in a statement said this will mark a new era in urban history as Jakarta will be the first emerging city to hold the title of world’s largest megacity with 35.6 million inhabitants in 2030.
Tokyo - capital city of Japan - will lose the spot it had since the 1950s with a decrease of two million people as an outcome of the ageing phenomenon observed in developed regions.
“Several other East-Asian cities are also affected by the ageing trend. Seoul, the South Korean capital, will add 2.5 million inhabitants aged over 65 years between 2017-2030, followed by Shanghai, China with 2.2 million and Beijing, China’s capital city with 1.8 million,” said senior city analyst at Euromonitor International, Fransua Vytautas Razvadauskas.
Euromonitor International’s data showed that 15 per cent of the world’s Gross Domestic Product (GDP) is expected to come from megacities as 60 per cent of the world population will become urban by 2030.
“Despite changes in the megacities landscape, key consumer markets of the future will still be located in developed megacities, guarantying higher incomes paired with more advanced housing, health care and transportation infrastructures,” added Razvadauskas.
Euromonitor International is a global market research company providing global business intelligence and strategic market analysis. More details on www.euromonitor.com.
--BERNAMA
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