Through investBA, Buenos Aires was selected as one of the 3 best cities in the world for its foreign direct investment (FDI) strategy in the 2021/22 edition of the Global Cities of the Future ranking published by the fDi Intelligence division of Financial Times, one of the most prestigious global economic and financial publications.

Behind megacities such as New York and Moscow, which occupy the first and second places in the ranking, Buenos Aires is positioned as the best city among its Latin American peers, surpassing Sao Paulo, which received the fourth position globally.

"This result reflects the prominence that Buenos Aires has in the region and its potential to become one of the main global venues for doing business," said Alejo Rodríguez Cacio, general director of investBA. "Our mission as Investment and Foreign Trade Promotion Agency is to develop the strategy of attracting investments to the City, both through public policy ideation and by making known the advantages and opportunities that Buenos Aires has to offer" added the official in the framework of the announcement.

The Global Cities of the Future ranking, which recognises the world's top destinations on various business development indicators, is divided into six categories that measure economic potential, ease of doing business, human capital, profitability, connectivity and FDI promotion strategies in more than 120 cities.

In terms of FDI promotion strategies, the study received applications from 44 cities that were scored on different questions with a maximum of 10 points per question. The selection was made by a panel of experts composed of fDi Intelligence and external members, who presented the winners in 4 sub-categories according to the size of the city: mega-cities, major cities, large cities, and medium and small cities.

For more information about the ranking please click here.