The urban built environment is rapidly changing throughout the world - moving from horizontal to vertical concentration in the megacities worldwide due to the growth of the educated middle class population across Asia, Africa, Latin America, Middle East and Far Eastern regions, according to Council on Vertical Urbanism, the global market intelligence provider on tall towers.
Henderson Land Development Company Limited, a Hong Kong-based property developer, has launched Central Yards, a HK$63 billion (Dh29.73 billion) sustainable mixed-use masterplan on the New Central Harbourfront in Hong Kong. With over 1.6 million square feet of gross floor area, Central Yards is poised to become a global harbourfront destination for Hong Kong and the world. Its Phase 1 is set to unfold in 2027, followed by Phase 2 in 2032.
Presight, an ADX-listed public company and a global big data analytics and applied intelligence company, has signed a US$190 million, six-year agreement with the municipal government of the City of Astana in Kazakhstan to deploy an AI-powered smart city project to digitise urban infrastructure, enhance traffic management, and modernise public services.