CATEGORIES: Africa

REPORT: Africa has planned over 1bn SQM of new city space costing over $115bn

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By 2024, 4 of 5 Africa’s key sub-regions will have over 50% of its population living in urban areas. The increased concentration of people in these regions and her cities, poses a capacity problem, as many were never planned to accommodate the large urban sprawls that have been forecasted. As a result, private developers and some governments across the continent are backing over 1 billion square meters of land reclamation and new city projects, which is costing over $115bn, to cater to the region’s growing urban centres.

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