GlobalData Releases ‘Mega Cities’ List

Just in time for the holidays, GlobalData has given us a new report to study. That’s what you were planning on spending your holidays doing, right? The global intelligence firm, which tracks large-scale projects in all construction sectors, released a report detailing the “mega cities” around the world that have investment values of more than $30 billion in the pipeline.

Dubai, United Arab Emirates ($611 billion), and London, England ($343 billion), lead the world in terms of planned construction. New York takes the third-place spot ($285 billion). The following U.S. cities were also on the list:

• Chicago, Illinois
• San Francisco, California
• Atlanta, Georgia (new in 2019)
• Los Angeles, California
• Houston, Texas
• Washington, D.C.
• Miami, Florida
• Las Vegas, Nevada (new in 2019)
• Boston, Massachusetts

The combined value of all of the cities on the list totals $5.3 trillion and includes more than 8,200 projects in process. According to GlobalData, cities in the Asia-Pacific region account for half the list and have projects valuing $2.1 trillion.