From 206 BCE to 220 AD, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the moniker given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system,...
Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the globe. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon: in 1950 only 751m people lived in urban areas. By 2018, however, the number of urban...
With the aim of enhancing the economy and providing sufficient housing for its growing population, Egypt has made construction plans for a series of new cities. These large-scale projects are expected to have a positive impact on the construction sector and help ease congestion in Cairo. There has already been a positive impact on the dynamics...
What role have large-scale infrastructure projects played in building knowledge and capacity in the construction sector?
PROJECT: Cairo Festival City LOCATION: New Cairo VALUE: LE30bn ($1.7bn) DEVELOPER: Al Futtaim Real Estate Group DESCRIPTION: Spanning over 3m sq metres of land, Cairo Festival City is a mixed-use urban community that includes shopping, residential and office space.
