Twelve “new towns” have been planned in 10 provinces with the aim, among other things, of developing urban living areas and creating much-needed jobs.
Financial Tribune’s sister publication, Donya-e-Eqtesad, recently published a special supplement on New Towns Development Company, affiliated to the Ministry of Roads and Urban Development.
The supplement looks into the problems facing new towns and how they are addressed by the company’s board, relevant authorities and ministry officials.
Proposal and plans for the next generation of new towns have been outlined by urban planners, civil engineers and experts.
August 28, 2018 19:05
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New Towns Will Undo Old Problems
What is strongly stressed is that the next-generation towns will be safe, eco-friendly and smart, providing opportunities for startup businesses
Funding for the new projects will be different from the old ones in that the authorities are considering issuing sukuk (Islamic bonds) for securing funds from the private sector rather than begging for money from the government(s) that are almost always i
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