The Gulf’s takeover of Cairo’s real estate megaprojects
One of the revolutionary demands of the Egyptian popular uprising in 2011 was for a more equitable city. Six years later, new community of actors defining Cairo’s urban production and governance methods is little concerned with reducing the social gap in Egypt’s capital city. In recent years, a rede...
Gardado en:
| Publicado en: | URI:https://journals.openedition.org/ema, |
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| Autor Principal: | |
| Formato: | Article ou chapitre numérique |
| Idioma: | Anglais |
| Publicado: |
Égypte/Monde arabe
2017
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| Acceso en liña: | Accès Université d'Orléans et IFPM Accès Université d'Orléans et IFPM |
| Résumé: | One of the revolutionary demands of the Egyptian popular uprising in 2011 was for a more equitable city. Six years later, new community of actors defining Cairo’s urban production and governance methods is little concerned with reducing the social gap in Egypt’s capital city. In recent years, a redefinition of public actors and regional partnerships has modified investment practices. The real estate and construction markets in Egypt are prioritized by the state and attract capital. Gulf countries in particular have succeeded in reviving the property market in Greater Cairo, which had stagnated since 2011, through numerous loans, donations, and announcements of massive real estate projects. However, the progressive regionalisation of Cairo is not a sign of the market’s openness to global financing, but rather a sign of the state’s reinforcement of urban production. |
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