Cape Town ranked among top cities for FDI

Cape Town has been listed as one of the top cities in the world on the Global Cities of the Future winners for foreign direct investment (FDI). Cape Town was the only African city to be listed in this category. Other cities listed include Edinburgh, Hong Kong and Chicago.

According to Foreign Direct Investment (fDI) Intelligence, Cape Town ranks 21st in an international survey of leading cities, in terms of its strategy to attract foreign direct investment.

The City of Cape Town recently launched ‘Invest Cape Town’, an initiative aimed at sharing the economic successes and attractiveness of the city as a globally competitive business destination.

“This accolade is indeed a massive feather in Cape Town’s cap as it recognises all the ongoing efforts being made by the City and its private sector partners to ensure that Cape Town is on the international map for business and investment,” Cape Town’s Executive Deputy Mayor, Alderman Ian Neilson, said in a statement.