New Cities and Concepts of Value

Introduction
Building value in new cities was the main
focus of the 2015 Cityquest-KAEC Forum
and is an important topic on the role of
new cities within wider urban systems. All
new cities must offer investors, businesses
and, most importantly, inhabitants, the right
value for the investment required, and a
lifestyle and ‘opportunity set’ that keeps
them attractive over the long term.
Emerging from the 2015 Forum, this report
provides analysis and recommendations on
key themes related to the goal of building
value in new cities. Its main objective is to
better understand and link together the
different facets of value, and to encourage
quality urban environments that deliver
value for all.
This report considers three different
aspects of value for new cities:
• The first part of the report explores the
physical value of the infrastructure,
built environment, and technology
that new cities produce.
• The second section examines
strategies for creating value for
businesses, and how this process can
be encouraged through design
strategy, vision, and policy.
• The third section discusses the many
intangible values recognized as some
of the most attractive parts of urban
living, such as community and identity
of a city.
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