Top 5 Smart Cities in the World

2. Oslo

The Capital of Norway, Oslo is next on our list of the top 20 smart cities in the world. Some of the major American companies have offices in Oslo, including Tesla, Inc. (NASDAQ:TSLA) and Exxon Mobil Corporation (NYSE:XOM).

In Oslo, there is a diverse array of Smart City initiatives, encompassing a broad spectrum of projects. They conduct tests on electric buses, implement zero-emission practices at construction sites, and retrofit existing buildings for sustainability. The city is also actively engaged in creating circle-based waste management solutions and green energy systems.

Overall, Norway stands out as a leader in adopting smart technology based on IoT, which has the ability to improve energy efficiency in buildings on a large scale. Corporations like Statsbygg, which are responsible for government-funded construction projects, are making heavy investments in the country’s smart city projects. This has facilitated market growth, making similar solutions more accessible to private actors.