For many years, the development of Imbaba has been informal and spontaneous. Its current structures are overloaded due to a rapid population growth. The Imbaba Urban Upgrading Project builds upon the on-going efforts by the Giza Governorate to convert a former airport in Imbaba into a vibrant urban centre. It aims to show how a major change in land use and urban development in a complex and difficult context can help to improve the future not only of Imbaba’s inhabitants, but also of Cairo as a whole.
The Project will strengthen the integration of Imbaba with the entire city of Cairo by providing this densely populated area – around 700,000 inhabitants – in the heart of Egypt’s capital, with the basic infrastructure and services needed: namely medical centres, schools, sports areas, green spaces for leisure, improved pedestrian and road connections and new commercial streets near the already completed recreational park. The success of this project could set a replicable example for other neighbourhoods in Cairo and global cities of the Mediterranean region.
The Project is among those selected by the Urban Projects Finance Initiative (UPFI). The Initiative aims to promote and develop flagship sustainable and innovative urban projects that serve as best practice examples and are potentially replicable. UPFI will accelerate the implementation of such urban projects and ensure their bankability according to the European Financial Institutions’ standards. Its overarching goal is to help improve the living conditions of the Mediterranean partner countries, where urban growth is rapidly increasing due to demographic and environmental pressure.
UPFI is managed by the Agence Française de Développement (AFD) and the European Investment Bank (EIB), in liaison with the European Commission (EC) and under the umbrella of the UfM Secretariat. The German bank KfW, the French Caisse des Dépôts (CDC) and the European Bank for Reconstruction and Development (EBRD) are closely associated and other IFIs and investors such as the African Development Bank (AfDB) and La Caixa have expressed interest.
About the promoter and partner institutions
The Giza Governorate is the promoter and driving force behind the Project. Partner institutions that have helped to promote it include Cairo University’s Department of Architecture and the German Agency for International Cooperation (GIZ).