Economic Assessment of Al Alamein New City in Egypt

by The Bearing Wave on March 3, 2016

Earlier today, on the grounds of employing the principles, strategies, tools developed in UN-Habitat’s Strategic Plan 2014 -2019, the Achieving Sustainable Urban Development project (ASUD) – one of UN-HABITAT Egypt’s projects- run a joint meeting between UN-Habitat staff supported by UN-Habitat Urban Economy and Finance Branch, the Egyptian national counterpart General Organization for Physical Planning (GOPP), the New Urban Communities Authority and Bearing Consulting to launch an economic assessment of Al Alamein New City at the north west coast of Egypt. Later on this afternoon, the approach was anchored in a meeting with the National Government Minister in charge.

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The economic assessment aims to analyse financially the future revenues of planning Al Alamein New City. An analysis that requires an understanding of the value chains and supply chains, supply/demand effect and the local/regional economic development at Al Alamein New City (ANC). Furthermore, the assessment aims at providing a continuous productive Urban Economy that will be proposed as a coherent strategy for Al Alamein New City development.

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The meeting tackled the vision of the assessment, methodology, deliverables, context and approach. In addition, the participants discussed the data sources and stakeholders of this assessment.

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The Alamein New City project component has witnessed distinctive achievements throughout utilising an advanced town planning methodology that secures broad social inclusion for local communities as well as it critically examines the Egyptian approach to new urban communities and its development aspects. In general, the Achieving Sustainable Urban Development (ASUD) project addresses capacity building in the field of urban planning, design, land legislation/Management, local economic development, youth employment and crosscutting issues such as mobility/energy.

The Achieving Sustainable Urban Development project (ASUD) implements pilot interventions in an integrated manner, through which key stakeholders and development partners work and learn as one community of practice. These pilot interventions focus both on city extensions in secondary towns as well as new city developments as city extensions.

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Press release written by Engy Azzam, Publications Officer at UN Habitat in Cairo

About The Bearing Wave :

The Bearing Wave is a blog for the consulting firm Bearing, where we write about our methodology and experience. We also present news from our practice and thoughts on development, and we sometimes publish guest authored articles. The blog has been published since 2009 and contains hundreds of articles, and it has several hundred readers every day from across the world.

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