Economic growth in the emerging economies will enable some 3 billion people to rise into the ranks of the middle class in the next 15 years. In less than two decades, the world will have as many as 41 mega-cities, up from 28 in 2014, and many more fast-growing urban settlements across Asia and Africa. This means new demand for food, travel, energy, housing, proper sanitation, schools and hospitals, and for businesses meeting countless needs.
Despite its challenges, urbanisation can promote sustainable growth if managed well by increasing productivity, enabling innovation and new ideas to emerge, as well as optimising the use of energy, land and natural resources. Through its key businesses in Offshore & Marine, Infrastructure and Property, Keppel is primed to meet the needs of our urbanising world.
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