Cities are increasingly recognised as engines of wealth creation and prosperity. Moreover, a key motivation and important benefit underlying the changes taking place in cities is the potential to create employment and new economic opportunities.
The developments expected to shape future cities will lead to the creation of entirely new industries and new jobs. This will include both the necessary employment to satisfy local demands for these new products and services, as well as the potential to capitalise on the global opportunities afforded by many of these developments.
Cities are therefore facing pressures to nurture the necessary skilled workforce to support the deployment of future city solutions and to champion the potential for local businesses to capitalise on these emerging entrepreneurial opportunities.
Delivering large-scale projects also often requires establishing necessary governance structures, policy frameworks and capital funding. This can represent a considerable challenge for cities. It often demands: wide engagement; alignment between local, national and commercial priorities; and the creation of new partnerships that integrate the interests of public and private actors.
Successful delivery of transformational projects also requires that policies and practices are sensitive to the different ways in which cities are structured and function. In particular it requires that due consideration is given to the wider effects of culture, politics and concerns such as privacy and how such changes will shape city life and how it unfolds.