As the discord from the Arab Spring uprisings recedes in north African countries such as Morocco and Egypt, FDI is returning, with broadband and communications infrastructure a prime target for investors looking for high growth potential.

Hong Kong's efforts to attract SMEs – global, Asian and Chinese – and its business-friendly policies are establishing the city-state as a major hub for such businesses.

At the World Economic Forum meeting on Africa in Cape Town in May, fDi spoke to leading officials from three African countries that are implementing strategies to improve their records for attracting foreign investment.

Once the poster child of the UK's industrial decline, Sheffield's recession-defying growth in recent years has been based around the city and surrounding region using its past as a steelmaking and mining centre to embrace more modern technology, all backed up by training programmes supplying a steady stream of engineering talent.

The Advanced Manufacturing Park, or AMP, located just outside Sheffield has attracted myriad leading names in the metals industry since its opening in the mid-1990s, maintaining the region's reputation as a global leader in this sector.

Derby has a history of innovation dating back to the industrial revolution, a mindset that continues to serve it well into the digital age. Local authorities – keen to make the city somewhere to live as well as work – have spent the past few years improving Derby's leisure offering, all of which is enabling the city to continue to punch above its weight.

The CEO of machining and assembled components supplier Metem tells fDi that innovation is at the core of his company's strategy, a mindset that enables its younger workers to thrive.

The UK's manufacturing decline of recent years seems to have bypassed Derby, which has met the challenge of low-cost competitors in the developing world by focusing upon quality.