Hong Kong is world’s second most attractive energy market for foreign direct investments
The city is the top pick in Asia, but its gap with Singapore is narrowing.
Hong Kong has been named the world’s second-most attractive market for energy sector-focused greenfield foreign direct investments, according to a study by Singapore-based think-tank Foresight Economics.
The city is the top pick in Asia, followed by Singapore at third place globally, Vietnam at sixth place, and Brunei rounding up the 10th spot in the same ranking.
Hong Kong and Singapore have both topped the list as most attractive destinations for energy sector focused greenfield FDI since 2008, where the impact of the Global Financial Crisis gave Hong Kong the edge to rise to the number one position, according to Foresight Economics.
However, the gap between the two markets is anticipated to increasingly narrow as Hong Kong is expected to continue on a downward trend that began in 2018 and 2019.
The Foresight Economics’ Energy Sector FDI attractiveness index (FE Energy Index) ranks 135 countries based on their attractiveness for energy sector focused greenfield FDI, making use of both publicly available data and subscription-based databases.