However, the Asia-Pacific region dominates the list, accounting for 25 of the 50 cities, and having a combined projects pipeline valued at $1.7 trillion. Overall, Dubai tops the list with total project values amounting to $374.2 billion, just ahead of London in second place with $328.7 billion and Moscow in third with $191.5 billion. Dubai, for example, has a population of 3.2 million, but it holds the top position in terms of the value of the construction mega-projects pipeline per capita. Yasmine Ghozzi, Economist at GlobalData, says, “The ranking of Construction Mega Cities in the Gulf states shows they are spending the most on major development projects relative to the size of their populations. Chicago, Los Angeles, San Francisco, and Texas are high on the list but have also been identified as states with some of the highest population losses due to migration in recent years, with Chicago topping the list. It's important to note that the data is analyzing the impact of spending relative to the size of populations. makes up a sizable portion of the top cities on the list from highest to lowest, New York City, Los Angeles, Chicago, San Francisco, Miami, Houston, Seattle, Washington D.C., and Boston. Following a recent assessment of project pipelines in major cities worldwide by GlobalData, a listing of 50 ‘Construction Mega Cities’, discovers they each have a pipeline of projects with an investment value above $30 billion. The United Nations predicts that, between 20, the percentage of the world's population living in cities with at least a million inhabitants is likely to grow from 23% to 27%, and the number of megacities is projected to increase from 31 to 41. A total of 6,645 planned and ongoing construction projects by the world’s megacities, valued at $4.2 trillion and fueled by increased populations are sparking interest in residential and infrastructural developments, according to GlobalData, a data and analytics company.
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