Sao Paulo has been picked by the Financial Times' intelligence unit as the most attractive Latin American city for foreign investment, the state government said Thursday. FDintelligence picked Brazil's economic capital and wealthiest city as the "Latin American city of the Future" for 2013/2014, the government said. The Chilean capital Santiago was second, followed by Rio, Buenos Aires, Bogota, the Mexican city of Monterrey and the Costa Rican capital, San Jose.
According to "American Cities of the Future 2013/14", a biennial report released this week, Sao Paulo was also second only to New York as the most attractive city for inward investment in the Americas. "New York City has once again claimed the title as the top city in the Americas for attractiveness for inward investment, but the fast-rising Sao Paulo is proving a fierce competitor," it noted. This bustling city of 11 million finished second, ahead of Toronto, Montreal, Houston, Atlanta, San Francisco, Chicago, Miami and Santiago in the region.