When the tourists are away, Mount Fuji’s view will stay, and other updates

For PropertyGuru’s news roundup, a barrier erected in Fujikawaguchiko in Japan to block a popular view of Mount Fuji has been taken down – for now. In other news, going beyond China, new manufacturing hotspots emerge in Southeast Asia and India. Lastly, learn all about the process of request for leasing Dubai Municipality Properties and spaces.

With tourists away, the Mount Fuji barrier was taken down in Japan

A barrier erected in Japan to block a popular view of Mount Fuji has been taken down – for now – after succeeding in discouraging unruly tourists, a town official said last 20th August.

Fujikawaguchiko put up the large screen in May after residents complained about streams of mostly foreign visitors causing problems while trying to snap photos of Japan’s famous volcano.

The town lowered the screen on 15th August ahead of a typhoon and has decided not to put it back up. “We wanted to see what would happen,” the town official told AFP and cited by CNA.

“There are still some people who come to the place. But we no longer find many people suddenly rushing out into the traffic to cross the road,” he said.

New manufacturing hotspots emerge

For decades, China has dominated global manufacturing. However, companies are increasingly diversifying their operations elsewhere, wary of overreliance on a single source.

This diversification drive is fueling a boom in foreign direct investment (FDI) for manufacturing in Southeast Asia and India, with both vying to become the next manufacturing powerhouse.

While China holds the lion’s share of manufacturing FDI in the region, the gap is narrowing. Indonesia raked in $28.7 billion in investment last year, up $4 billion from the year earlier. Vietnam’s FDI in manufacturing climbed over 30% to hit $23.5 billion, according to JLL.

“One of the key drivers behind this shift is the desire to diversify and create more resilient supply chains,” says Peter Guevarra, Director, Research Consultancy, Asia Pacific, JLL.

High-growth industries, such as renewable energy and electric vehicles (EVs), have been spearheading the move away from China, according to Michael Ignatiadis, Head of Manufacturing Strategy, Asia Pacific, JLL. “For instance, Thailand, a long-established automotive powerhouse, is now experiencing a new wave of investment in EV production fueled by global demand,” says Ignatiadis.

All about request for leasing Dubai Municipality properties

If you want a commercial space to rent in Dubai, you must submit a “request for leasing Dubai Municipality properties and spaces.” Learn more in MyBayut’s bulletin about the process, fees, and documents required to submit your lease request.

The Property Report editors wrote this article. For more information, email: [email protected].