New urban developments around the globe are working to tackle issues surrounding population growth, sustainability and economic resilience. With private entities driving much of the continent’s urban development, the creation of special economic zones (SEZs) featuring tax breaks and land rights grants have further incentivised investment. Another planned satellite city in Nigeria, Enyimba Economic City in the south-east, is targeting a variety of sectors, from hydrocarbons to logistics to entertainment. Such cities are likely to absorb two-thirds of the continent’s future urban population growth. Developed by South Africa-based urban development firm Africa123, the plan includes sustainable water and energy supplies alongside health care, education and economic infrastructure, and is seeking investment of approximately $150bn.

Source: The North Africa Journal July 01, 2023 19:32 UTC