Macau voted “City with Most Economic Potential”

27 February 2006

Macau, China, 27 Feb – Macau was voted “City with Most Economic Potential” by “fDI – Foreign Direct Investment”, in a competition organized for the first time by the magazine to choose the “Asian Cities & Regions of the Future 2005/2006,” the Macau government said.

“fDI” magazine, part of the Financial Times group, which is mainly focused on reporting and analyzing activities and movements of direct investment all over the world.

According to fDI, the aim of the competition was to examine the development of Asian cities and regions in the future.

Seoul, the capital of South Korea, was jointly voted to be the city with most economic potential in Asia.

The jury for the competition was made up of four experts on trade, law, investment and consulting, from Singapore, Hong Kong and Guangzhou.

The competition gave prizes in 16 categories after researching the direct foreign investment situation in over 40 Asian cities.

Hong Kong won the category for Best Asian City of the Future and the city with the best transport system, ahead of Tokyo.

Sydney, followed by Hong Kong, was considered to be the Asian city with the best Human Resources.

The results were published in the December 2005/January2006 edition of “fDI”. (macauhub)