WEF Industry Vision IU Report 2016

Industry Agenda
Infrastructure &
Urban Development
Industry Vision 2016
Davos-Klosters, Switzerland 20-23 January

January 2016
Contents
3 Foreword
5 Message from the Co-Chairs of the Infrastructure &

Urban Development Community
6 The Outlook on the Global Agenda Survey 2015
8 Industry Transformations
12 Overview of Infrastructure & Urban Development

Initiatives
27 Programme
29 Infrastructure & Urban Development Industries
World Economic Forum

2016 - All rights reserved.
No part of this publication may be reproduced or transmitted in any form or by any

means, including photocopying and recording, or by any information storage and
retrieval system.
The views expressed are those of certain participants in the discussion and do not
necessarily reflect the views of all participants or of the World Economic Forum.
REF 221215
Foreword
Pedro Rodrigues de Almeida Under the leadership of its Governors, the World Economic Forums
Head of Basic Industries, Infrastructure & Urban Development Community can report another year of
Member of the Executive Committee significant achievement. The community now consists of 46 Partners covering
a vast number of professional interests, needs and activities across the entire
Michael Buehler industry value chain, from real estate and urban services, to construction and
Practice Lead, heavy industry engineering services and equipment. Our strategic objectives
Real Estate remain to leverage the strengths of an integrated value chain approach while
Infrastructure & Urban Development ensuring the highest level of servicing to the specific sector priorities and
Industries specificities. In 2016, the community is welcoming several new Partners, coming
from the building materials, real estate investment and development and urban
Manuel Zafra Solas services sectors.
Practice Lead,
Engineering and Construction The world is in the early stages of the Fourth Industrial Revolution, a
Infrastructure & Urban Development fundamental shift in how we produce, consume and relate to one another, driven
Industries by the convergence of the physical world, the digital world and mankind. Hence,
the World Economic Forum Annual Meeting 2016 theme is Mastering the Fourth
Alice Charles Industrial Revolution. We live in a fast-paced and interconnected world, where
Lead, breakthrough technologies, demographic shifts and political transformations
Urban Development, have far-reaching societal and economic consequences. More than ever, leaders
Infrastructure & Urban Development need to share insights and innovations on how best to navigate the future.
Industries
Global Leadership Fellow Todays global infrastructure demand is estimated at approximately $4 trillion
in annual expenditure with a gap or missed opportunity of at least $1 trillion
Kayo Hirano every year. However, countries are often faced with the paradox of a dry pipeline
Community Lead, of projects in spite of the existence of very significant sources of capital sitting in
Infrastructure & Urban Development pension funds, insurance firms, sovereign wealth funds and private equity funds,
Industries amounting to $60 trillion. While government leaders must appropriately select
Global Leadership Fellow and prioritize their infrastructure needs beyond the constrained logic of political
cycles, they are nevertheless partly incapable of closing the financing gap, which
Lauren Silveira the private sector must fill. It will not be possible to meet the demand without
Project Specialist, innovative financing models, new models of collaboration and the creation of
Partnering Against Corruption Initiative private companies best suited to execute the much-needed infrastructure and
resultant urban development.
Andreas Renz
Project Manager,
Shaping the Future of Construction In its latest bi-annual Economic Outlook, the Organisation for Economic Co-
Initiative Infrastructure & Urban operation and Development (OECD) projects a gradual strengthening of global
Development Industries growth in 2016 and 2017 to an annual 3.3% and 3.6%, respectively. But a clear
pickup in activity requires a smooth rebalancing of activity in China and more
Shamik Joshi robust investment in advanced economies. The OECD warns that the slowdown
Project Manager, in global trade and the continuing weakness in investment are deeply concerning
Shaping the Future of Urban whereas, in the United States, output remains on a solid growth trajectory,
Development and Services Initiative propelled by household demand, with GDP expansion expected to be 2.5% in
Infrastructure & Urban Development 2016 and 2.4% in 2017.
Industries
The World Economic Outlook of the International Monetary Fund points out
Samuel Rohr that the distribution of risks to global economic activity is still tilted downwards.
Project Manager, PACI Vanguard / IU
Near-term risks include increased financial market volatility and disruptive asset
Carla Sequeira price shifts, while lower potential output growth remains an important medium-
Community Coordinator term risk in both advanced and emerging market economies. Lower commodity
Basic Industries prices also pose risks to the outlook in low-income developing economies after
many years of strong growth. The 2016 Dodge Construction Outlook predicts
a cool-down of total US construction starts for 2016 with an increase of about
6%, following gains of 9% in 2014 and noteworthy growth of an estimated 13%
in 2015. For 2016, the economic environment should support further growth in
global construction activity. While short-term interest rates will be increasing in
2016, given the expected rate hikes by the Federal Reserve, the rise in long-term
interest rates should stay gradual. On the plus side, the US economy continues
to register moderate job growth, lending standards are still easing, market
fundamentals for commercial real estate continue to improve, and more funding
support is coming from state and local construction bond measures.
This years Governors Programme will address some of the most pressing
issues in the global, industry and regional agendas related to Engineering &
Construction, Real Estate and Urban Development. The Forums Infrastructure
& Urban Development Industries team will strive to make 2016 an even more
successful year than 2015, bringing to fruition a number of results directly related
to Forum initiatives, while making use of the vast experience and knowledge
of our new Partners. The team looks forward to working with all members of
the community in 2016 to advance the industries agendas in accordance with
the Governors mandate set at the Annual Meeting 2016 in Davos-Klosters.
The Infrastructure & Urban Development Industries aim to serve as a forward-
thinking, valuable and internationally recognized partner for all stakeholders
involved in infrastructure and urban development. In addition, it seeks
opportunities to convene leaders, raise global awareness, conceive frameworks
and prepare actionable recommendations in the context of improving the state of
the world.
4 World Economic Forum Annual Meeting 2016

Message from the Co-Chairs of the
Infrastructure & Urban Development
Community
Dear Governors,
It is our privilege to welcome you to the Annual Meeting 2016 in Davos. As we come together
to discuss the current state and opportunities within the Infrastructure and Urban Development
Industries, the world is facing unprecedented challenges. The worst refugee crisis in living memory
is just one reminder of how geostrategic competition, renewed regionalism and new forces of
antagonism are eroding global solidarity. Concern is also growing about the effects of digitalization,
robotics and shared economy on productivity growth, job creation, production systems and
purchasing power. It is in this context that the World Economic Forums mission remains more
Mutaz El Sawwaf, necessary than ever in order to overcome the challenges that we now face as a society. It is also
Vice-Chairman of the
Board and Chair of the
amid these circumstances where the strategic dialogues held and insights gathered at Davos will be
Executive Committee, crucial to better navigate the volatile geopolitical space that we are witnessing.
Construction Products
Holding Company (CPC) We would also like to remind you of the different initiatives that Infrastructure and Urban Development
has been carrying out this year and thank you for the support you provide to make them a reference
in the industry. We successfully set up the Global Council on Megaprojects under the umbrella of the
Global Challenge on Long Term Investing in infrastructure and conducted a very fruitful first year of the
Shaping the Future of Construction initiative. We also acknowledge the forward looking work done
through the initiatives Shaping the Future of Urban Development and Services, with a focus global on
the urban services industry and regionally on smart cities in India; Shaping the Future of Real Estate,
focusing on risk mitigation measures for real estate bubbles; Building Foundations Against Corruption
and the contribution of the Global Agenda Councils in Infrastructure, Future of Real Estate and Future
of Cities.
Samir Brikho, Chief As we gather for the World Economic Forum Annual Meeting 2016 in Davos-Klosters, under
Executive Officer, Amec.
the theme of Mastering the Fourth Industrial Revolution, we encourage you to participate in the
numerous discussions that will provide you with a fertile ground to reflect on some of the most
pressing economic challenges related to our sector and on aligning the communitys goals for the
future. Doing so will ensure that we can all benefit from insights and perspectives that can enhance
the competitiveness of our sector and enable us all to more effectively meet the needs of an ever
evolving global society.
Mutaz El Sawwaf,
Vice-Chairman of the
Board and Chair of the
Executive Committee,
Construction Products
Holding Company
(CPC); Samer S.
Khoury, President,
Consolidated
Contractors Company
(CCC); Douglas Frye,
former President and
Chief Executive Officer,
Colliers International;
and Samir Brikho,
Chief Executive Officer,
Amec.
Infrastructure & Urban Development Industries Partnership 5

The Outlook on the Global Agenda
Survey 2015
The Outlook on the Global Agenda 2015 reflects the thought leadership of the worlds foremost intelligence network a
community of over 1,500 global experts. The World Economic Forum continuously strives to identify what matters to
and intrigues our constituents. This year, the Forum surveyed chief executive officers and experts from business (43%),
academia (22%), civil society (19%), government (9%) and international organizations (7%) across industries and regions to
gather and synthesize their opinion and insights on the most important global issues. The Survey on the Global Agenda
2015 received valid replies from 1,767 respondents, which is a 10% increase compared to last years survey.
The findings of the Survey on the Global Agenda 2015 are chronicled in the Outlook on the Global Agenda 2015 report,
which offers a comprehensive overview of the world today, as well as an analysis of how these experts expect it to
develop in the coming 12-18 months. It also outlines the nature of global trends, regional challenges, global leadership and
governance, as well as the emerging issues that should be on the agendas of global leaders. In the spirit of the Forum,
solutions to these issues have been developed by members of the Global Agenda Councils.
The top 10 global trends that emerged can be clustered around key topic areas:
Geopolitical and governance issues (3,628 respondents on top 10 global trends #3, #4, #7 and #9)
Social, health and employment issues (2,993 respondents on #1, #2 and #10)
Climate change and sustainability (2,725 respondents on global trends #5, #6 and #8)
In detail, the top 10 global trends were identified and selected by the survey participants to be:
1. Deepening income inequality (1,224 responses)
2. Persistent jobless growth (1,031)
3. Lack of leadership (967)
4. Rising geostrategic competition (956)
5. Rising pollution in developing world (951)
6. Increasing water stress (901)
7. Weakening of representative democracy (876)
8. Increasing occurrence of severe weather events (873)
9. Intensifying nationalism (832)
10. Growing importance of health in the economy (738)

Infrastructure & Urban Development Industry Vision 2016 7
Industry Transformations
The World Economic Forum introduced The framework is designed to access

a new and comprehensive knowledge the collective intelligence of the Forum
system designed to map global network, including 1,000 of the
transformations at its Annual Meeting worlds top experts represented in the
2015. Transformation Maps frame Network of Global Agenda Councils.
global, industry and regional issues, In the future, the knowledge system
and provide the Forums communities will encompass a continuous flow
with a system to continuously capture of insights from all Forum activities
the knowledge and insights emerging against the strategic priorities identified
from Forum activities. in the various industry, regional and
global issue areas.

Real Estate Transformation Map
As a result of comprehensive 4. Migration and Urbanization:

discussions in our Industry Strategy Growing Impact of Migration on
Meeting in Geneva in September Urbanization
as well as at the Summit on the 5. Access to Finance: Shifting
Global Agenda 2015 in Abu Dhabi Investor Landscape and Innovation
in October, the Council proposed to in Real Estate Finance
update and prioritize the Real Estate 6. Technological Innovation:
Transformation Map as follows: Disruptive Impact of Digital and
Technological Innovation
1. Sustainable Communities: The 7. Bubbles and Systemic Risks:
Growing Impact of Climate Change Reoccurrence of Real Estate
and Sustainability Issues on Urban Bubbles and Systemic Risks
Development 8. Demographic and Consumer
2. Enabling Infrastructure: New Behaviour Shifts
Requirements for the Enabling
Infrastructure for Real Estate
3. Urban Management: Lack of
Alignment in Governance and
Urban Management

Engineering & Construction Transformation Map
Similarly, the Engineering & Governance: Robust governance Urbanization: The effects of
Construction Transformation Map was models and best practices are urbanization will transform
updated as follows: needed to ensure sustainability business models beyond physical
Infrastructure: A global repository infrastructure needs
Demographic Shifts: More people of best practice and bankable Vision and Leadership: Visionary
means increasing demands for projects is needed to close the leadership is needed to advance
infrastructure infrastructure gap infrastructure investment
Funding Shortfalls: A new funding Resource Scarcity: Competition
model to close the financing gap is on projects is increasing as firms
needed seek to secure natural resources
Geopolitics: Civil society is finding Technological Innovation:
its voice and disrupting the status New technology can cut costs,
quo facilitate maintenance and
improve monitoring and project
management

Cities & Urbanization Transformation Map
Likewise, the Cities & Urbanization Urban Infrastructure and The Transformation Maps will help our
Transformation Map was updated as Services: Significant investment community to better understand and
follows: is required due to increasing map industry transformations and the
Urban Governance: Increasing urbanization and the deterioration of opportunities and challenges faced by
urbanization and urban density current stocks decision-makers as the structure of the
increases the demand for public Urban Environment: Increasing
Industries undergoes profound
services urbanization and urban density changes. The maps allow more
Urban Society: Social challenges intensify pressure on natural systematic identification of the most
require new engagement models resources, the environment and significant transformational trends and
for civic participation and social public health their drivers and impacts within and
inclusion Smart and Sustainable Cities: across industries, while highlighting
Urban Business and Economy: Innovative technologies can come intersecting points and areas of
Urbanization and digital innovation to the rescue while planning for the mutual interest between sectors. By
create new business opportunities future further developing these maps, more
attention can be focused on shaping
our industry agenda, including defining
and reassessing the key opportunities
and challenges, finding common
solutions, and engaging in appropriate
initiatives to fulfil the Forums mission of
improving the state of the world.

Overview of Infrastructure &

Urban Development Initiatives
Shaping the Future of Construction Initiative
Background to urban areas every day who need Other sectors, such as the Automotive
Compared to other industries, affordable housing. Such trends industry, have already undergone
the Engineering & Construction pose challenges, but they also offer radical changes; their digital
industry has traditionally seen slow opportunities. In any case they require transformation is now well under way.
technological development with no an adequate response from the Another example is the transition to
substantial productivity gains and no industry as a whole. digital photography, which shows how
major disruptions. However, multiple emerging technologies can generate
global megatrends are shaping the The Opportunity lucrative business opportunities for
future of the Construction industry New developments are currently nimble companies and serious risks
trends related to environmental factors reshaping the Construction industry for hesitant ones.
and resilience, society, politics and from innovative technologies to new
regulation, and market demands. One construction methods and processes Given the megatrends and internal
such trend can be seen in the threefold that boost productivity and enhance challenges affecting the Construction
increase in disasters reported last efficiency. The industry is ripe for industry, the industry should take
year as compared to 1980, calling for expansion but should more rigorously action in several dimensions.
hazard mitigation responses; another embrace the opportunities provided
involves the 200,000 people added and thereby change the way that it has
traditionally operated.

Overview of Infrastructure & Urban Development Initiatives
The Mission (Future) Best-practices

During the World Economic Forum
Annual Meeting 2015 in Davos-
Klosters, the Forum was mandated
Company
1 Technology,
and Tools
Materials
2 Processes
Operations
and
to launch a new multi-year project to level

guide and support the Engineering &
Construction industry during its current
3 Strategy and Business
Model Innovation 4 People, Organization
and Culture
Actors
transformation. The project is aimed at

all firms active along the construction
value chain, including building material,
Sector level
5 Industry Collaboration 6 Joint Industry
Marketing
chemical and construction equipment
suppliers, contractors, architects
and planning firms, as well as project Government
7 Regulation and Policies 8 Public Procurement
owners and developers. Another
target audience is governments, as
they not only impact the industry
through regulation, but also act as the solutions and will offer an impression adjustments to corporate culture and
main procurer in most infrastructure at different levels of action, such as organization. Second, as individual
projects. company, sector and industry of action is not sufficient in such a highly
what the future of the Construction fragmented and horizontal industry,
The first report, scheduled for industry might look like. many of the challenges need to be
publication in the first quarter of 2016, tackled jointly, so the industry as
will describe the industrys current The framework structures the a whole has a responsibility also.
state, assess relevant global trends various areas of action according to It needs to establish new forms of
and their impact on the industry and responsibility. First, the transformation collaboration, or improve existing
devise an industry transformation relies on the initiatives of individual forms. Finally, governments can play a
framework with key areas for companies their adoption of new large role as well, in their dual role as
development and action. It will also technologies and tools, for example, regulators and clients.
feature many best practices and case improved processes, business-
studies of innovative approaches or model innovation, and appropriate

2015 Highlights
The framework and and external challenges of the Next Steps

recommendations were developed Engineering & Construction
and discussed extensively with the industry, new and innovative At the Annual Meeting 2016
Steering and Advisory Committees technologies, improved processes in Davos-Klosters, a private
in three conference calls in 2015; and operations as well as disruptive session will be hosted to enable
a survey of industry experts was business models in the industry. the Steering Board members of
conducted to identify the key At a roundtable on the Future of Shaping the Future of Construction
issues, the most important trends Construction held in New York in initiative to further interact and
as well as the most vital areas for December 2015 in collaboration engage with thought leaders on the
development. with Columbia University, Industry transformation of business models
At the Annual Meeting on the Partners and public figures met in the construction sphere. Similar
New Champions 2015 in Dalian, to discuss the topic of Digital in dialogues may be held during other
Peoples Republic of China, the Construction. The session looked Forum events in 2016.
Forum hosted a private session at how new technologies can help The first report in the World
on the Future of Construction to improve productivity and what Economic Forums Shaping the
with Industry Partners and global can be done by both the industry Future of Construction Series will
experts. Participants specifically itself and its key clients. be published in the first quarter of
discussed the internal issues 2016.

Shaping the Future of Urban Development & Services Initiative
Background consists of about 20 global experts in Shaping the Future of Urban

Launched in 2012, Shaping the Future the area of urban development. For Development and Services Initiative
of Urban Development & Services support, specific Regional Working Future of Urban Development
(FUDS) initiative serves as a partner Groups of local business executives
Steering Board Advisory Board
in the transformation of cities around and urbanization experts have (ca. 25 companies) (international
the world as they address major urban been established on a needs basis. experts)
challenges. It aims to make innovation Together, this community of experts
accessible to city and business leaders seeks to find innovative solutions to
in a mutually beneficial setting. urban development challenges through
a suite of activities, outlined below.
The initiative convenes a Steering and
an Advisory Board of industry leaders, Regional Working Group
(Key regional stakeholders)
city leaders and urban experts. The
Steering Board specifically includes
chief executive officers and senior
executives from over 20 global
companies. The Advisory Board

Multiple organizations and finding more efficient ways to partner
communities both inside and outside with the Forum itself. The initiative has
the World Economic Forum are developed strong partnerships with
continuously expressing strong organizations, academic institutions,
interest in collaborating with Shaping the private sector and cities across
the Future of Urban Development the world. The Forum will further
& Services initiative. The Forum strengthen these partnerships by
recognizes the multiple initiatives bringing stakeholders together at
around the world involving mayors, the Annual Meeting 2016 to identify
organizations, foundations and the solutions to address the urban
private sector; these organizations challenges.
in turn are increasingly interested in
2015 Highlights
Community update: The Steering established a Regional Working Global Agenda Council on the
Board is comprised of more than Group for India, which includes Future of Cities: The Global
20 industry partners, including representation from the private Agenda Council identified
senior executives from Hewlett- sector, institutions and public and published Top 10 Urban
Packard and Novo Nordisk who organizations. The community Innovations. This report chronicles
recently joined the group. The reinforces the importance of 10 of the best global examples of
Advisory Board is now made up of keeping cities on the global agenda how cities are creating innovative
about 20 selected global experts and the role of the Forum as a solutions to a variety of problems.
in the area of urban development, convening power and catalyst for Many of these solutions are
including representatives from multistakeholder action. scalable, replicable and can be
small-innovative start-ups, cities, adapted to a variety of specific
public organizations, academia and Creating impact: The regional urban environments. Some
NGOs, as well as urban designers focus on India commenced in 2015, are possible only due to new
and architects. Select mayors with the Forum releasing the Urban technologies while others apply
from Europe, North America and Development Recommendations technology to ideas that are as old
Asia have joined the Advisory for the Government of India. The as the city itself.
Board to provide the perspective Forum invited stakeholders across
of city administration. The Forum the board to identify the solutions
and reforms required to accelerate
urban rejuvenation programmes in
India through roundtable events in
June and November 2015.

Core Activities
I. Global Dialogue on Urban At the Innovative City Forum Next Steps

Services Roundtable in Tokyo in October
Steering and Advisory Board members 2015, the community met to During the World Economic Forum
recognize that the adoption of discuss how cities in Japan and Annual Meeting 2016 in Davos-
technology across urban domains is elsewhere are becoming smart and Klosters in January, the FUDS
transforming the way urban services innovating to respond to access initiative will host a public session
in the developed and developing and mobility issues, urban planning entitled Fostering Innovation in
world are delivered. Community and design, urban infrastructure Cities, where mayors from various
members identified the challenges and and services, health services, as regions of the world will discuss
enablers for cities intending to make a well as the mindfulness challenges city-specific challenges with
transformation and to offer improved presented by an ageing population. stakeholders from the private sector
urban service delivery while enhancing In addition, the participants and academia to identify innovative
organizational efficiency. looked at what can be learned solutions.
from Japan and other countries The members of the initiatives
2015 Highlights experiencing similar trends. The Steering Board will meet at the
summary of this discussion is Annual Meeting 2016 to discuss
At the Smart Cities Roundtable available at: http://www3.weforum. Forum research on public-private
in New Delhi in June 2015, the org/docs/WEF_The_Future_of_ partnerships pertaining to global
community met to define Smart Urban_Development_Services_ urban challenges and risks in the
Cities in an Indian context, report_2015.pdf delivery of urban services. The
identify challenges in the country During India National Strategy Day Steering Board members will
across urban domains such in New Delhi in November 2015, develop a roadmap for cities to
as water, waste management, the community met to address leapfrog several stages of urban
sanitation, energy, mobility, the issues with members from development.
education, healthcare and ICT, the private sector engaged in The Forum will publish a publication
and recommend solutions to urban development projects, and on urban services in April 2016.
be adopted by cities for urban identified the institutional and policy Through it the Forum intends to
rejuvenation. The summary of the reforms required to enhance public- strengthen the dialogue between
roundtable discussion is available private collaboration. the private and public sectors
at: http://www3.weforum.org/ on ways to adopt innovative and
docs/WEF_The_Future_Urban_ technological solutions to enhance
Development_Services_Urban_ citizen experience while making the
Development_Roundtable_ organization efficient and leaner.
report_2015.pdf
At the Annual Meeting on New
Champions 2015 in Dalian, Peoples
Republic of China, in September,
the Forum hosted a private session
on urbanization in China, which was
attended by mayors from China
and abroad, Industry Partners
and global experts. Participants
specifically discussed challenges
pertaining to sustainability in cities,
and identified the need to adopt
sustainable solutions for energy,
mobility and waste management.

II. Project to Identify the Reforms in the permitting process, public- arise as a result of socio-economic
Required to Accelerate the private partnerships, contracting development, and structures with
Development of Smart Cities and dispute resolution, as well as implications for the current social
in India institutional reforms to strengthen context. In particular, the initiatives
India has launched several urban Indias urban bodies, which work has focused on the challenges
rejuvenation programmes to prevent are facing issues pertaining to presented by ageing cities and
the degradation of urban areas and empowerment, and managerial and opportunities to provide innovative
improve the standard of living across technical capabilities. solutions to enable the delivery of
cities. Important private sector urban infrastructure and services.
participation is required to bridge the Next Steps
urban infrastructure gap, which has 2015 Highlights
been estimated to cost approximately The initiative will publish its
$650 billion. Reforms are needed Recommendations to Accelerate The World Economic Forums
at the state and city levels to attract the Development of Smart Cities Shaping the Future of Urban
domestic and foreign investment. in India, and the Government of Development & Services initiative
The Forum aims to help identify and India will announce the names of held a roundtable in Tokyo on
recommend reforms to the state the 20 Smart Cities that will receive 15 October 2015 in partnership
governments of Andhra Pradesh, funding in 2016. with Mori Building Company and
Gujarat and Maharashtra, prior to the The Forum will also engage the the Mori Memorial Foundation.
launch of specific projects across the chief ministers of the selected Participants from government,
states in the second half of 2016. states to highlight the reforms the Forums Industry Partners
required to attract private sector and guests from industry and civil
2015 Highlights participation. society took part. Participants
discussed the urban development
At the beginning of 2015, the III. Regional Collaboration with the challenges presented by ageing
Forum made recommendations on Vision for Tomorrow Project societies, and the implications for
integrated planning, policy reforms Today, 54% of the worlds population cities like Tokyo. They explored how
on private investment in urban lives in cities, and that proportion is cities in Japan and elsewhere are
infrastructure and the development forecast to grow to over 66% by 2050. becoming smart and innovating to
of institutions to stimulate capacity While the world is urbanizing at a rapid respond to access and mobility,
building and attract talent. The rate, it is also rapidly ageing; by 2047, urban planning and design, urban
report, The Future of Urban the number of people over the age of infrastructure and services, health
Development & Services: Urban 65 will exceed the number of children. services as well as the mindfulness
Development Recommendations Nowhere is this phenomenon more challenges presented by an ageing
for the Government of India, prevalent than in Japan, where about population. In addition, participants
published in April 2015, is available 25% of the population is currently in the roundtable looked at what
at: http://www3.weforum.org/ over 65 years of age. By 2050, this can be learned from Japan and
docs/WEF_IU_FUDS_Urban_ proportion is set to rise to around 38%. other countries experiencing
Development_Recommendations_ As over 92% of Japans population similar trends. The summary
Government_India_Report_2015. lives in cities, the burgeoning ageing of the roundtable discussion is
pdf population is influencing how cities available at: http://www3.weforum.
The Forum also conducted are designed, what services they org/docs/WEF_The_Future_of_
an evaluation of the business offer and where people live and Urban_Development_Services_
environment in urban development these developments will continue in report_2015.pdf
projects through a survey and the future. This will particularly impact
qualitative interviews. It identified urban services, including health Next Steps
sector-specific reforms across services and individuals well-being.
urban domains, such as water, Urban innovations are starting to The World Economic Forums
waste management and sanitation, challenge how ageing cities function Vision for Tomorrow project will
energy, mobility, healthcare, and what they offer in services. publish a report in 2016 highlighting
education, and safety and security. the challenges presented by
In addition it examined policy-level It is in this context that Shaping ageing cities and the opportunities
reforms, which impact all urban the Future of Urban Development to provide innovative solutions
development projects irrespective & Services initiative has been to enable the delivery of urban
of the sector, including reforms collaborating with the Vision for infrastructure and services. In
Tomorrow project, to focus on the particular, it will highlight the
common societal dilemmas that lessons that can be learned from
the experience in Japan.
IV. Global Agenda Council on the Is it replicable? Many of these solutions are
Future of Cities Is it scalable? scalable, replicable and can be
The Global Agenda Council on the Is it adaptable? adapted to a variety of specific
Future of Cities has a mandate to urban environments. Some
collate, disseminate and implement Urban innovations were scored are possible only due to new
scalable, replicable and adaptable based on the impact they could technologies while others apply
innovative solutions to urban problems create. technology to ideas that are as old
by assessing and collecting the best as the city itself.
urban solutions, raising awareness and Disseminate: The urban
spearheading their implementation. innovations were collated into Next Steps
a document in the style of the
2015 Highlights Forums Top 10 Emerging In the wake of the launch of the
Technologies report. The aim was Top 10 Urban Innovations report,
Collate: In 2014-2015 the Council to present the top innovations in a the Global Agenda Council on
brought together its collective form that had the potential to go the Future of Cities will further
knowledge, that of other Global viral via social media. disseminate the ideas contained in
Agenda Councils and experts in the the report. To aid dissemination, the
field to create a long list of urban The Council chronicled the 10 best Council will hold a one-day meeting
innovations. The process was global examples of how cities can on 22 April 2016 at an event co-
started at the Summit on the Global create innovative solutions to a hosted by the World Economic
Agenda 2014 with the development variety of problems. The Council Forum, MIT, the World Bank and
of a list of 25 innovations from had a number of brainstorming Boston City in Boston. In addition,
individual Council sessions and sessions before preparing the list of the Council would like to launch a
cross-Council interactions. The list urban innovations and voting on the series of TED Talks featuring each
was circulated and other members top 10 urban innovations. The result Council member, enabling them
were encouraged to add to it with was the October 2015 publication to outline some of the ideas in the
the goal of gaining a list of 50+ entitled Top 10 Urban Innovations. report. This effort will be supported
innovations. by the World Bank and MIT and will
Top 10 Urban Innovations: full be aimed at city leaders and the
An evaluation phase followed, report: http://www3.weforum.org/ general public. This will be filmed at
and the list was categorized into a docs/Top_10_Emerging_Urban_ the event on 22 April 2016.
number of areas: health, mobility Innovations_report_2010_20.10.pdf The Global Agenda Council will
and use of resources, among also seek to implement one of the
others. The evaluation was based Top 10 Urban Innovations: innovations in Bangalore in India.
upon three key questions: scorecards:
https://agenda.weforum.
org/2015/10/top-10-urban-
innovations-of-2015/
Shaping the Future of Real Estate
Background In 2015, high-level multistakeholder

Asset pricing dynamics impact discussions will continue to be
economies from the local to the global facilitated to further define asset Detecting bubbles in real
level. Policy-makers, industry leaders ecosystems and describe how the time is and always will
and academics are currently debating consequences of asset bubbles
whether asset-pricing dynamics can, can be limited through innovative be challenging, requiring
or should, be managed in the public solutions. This years focus is to help a suite of techniques
interest. The Shaping the Future of market players make more informed embedded in a well-
Real Estate initiative delves into the decisions. One work stream is focused
mechanisms of asset pricing to learn on designing a prototype early warning
structured approach that
how to detect when and why markets system to flag markets that appear leaves enough room for
shift away from fundamentals (or to be misaligned with fundamentals; discretion in the decision-
bubbles) and how the consequences a second work stream will focus on
can be mitigated. institutionalizing the teams insights
making process. Although
and learning through developing an research at universities
Within its first year, the initiative educational curriculum. and international
developed a strong brand by engaging institutions has provided
leading experts, central bankers Behavioural decision-making is key to
and businesses from the real estate, understanding asset price dynamics, us with insights, many
investors and financial services asset cycles and the macroeconomic questions still remain
industries. At the World Economic links. The most destructive cycles were unanswered.
Forum Annual Meeting 2015, the those in which asset price leverage
Forum released two reports with and credits were intertwined, causing
recommendations and case studies. the greatest systemic effects.
The recommendations included both Ewald Nowotny, Governor of the National
Bank of Austria, Foreword by the National
short- and long-term strategies for Bank of Austria, Emerging Horizons in Real
managing asset dynamics and the Estate An Industry Initiative on Asset Price
case studies highlighted both common Dynamics Executive Case Studies, 2015
and unique factors associated with the
misalignment of markets (bubbles). In
its second year, the initiative will focus
on selected recommendations made in
the first year.

The Approach economic costs and benefits c. emphasize the options and
Shaping the Future of Real Estate of alternative policy options, conundrums confronting policy-
serves as a platform for Forum develop financial instruments makers, market regulators and
Partners to shape the real estate and reform the banking market participants
industry agenda and to find common sector and the impact of
solutions. The initiative will support microeconomic factors, such In association with universities, the
Forum Partners in designing fresh as long-term spatial planning case studies will be packaged into
strategies to better serve their own regimes a format suitable for use in higher
needs and those of their clients, 3. Design and develop an early education, professional training and
including to: warning system to help detect public education programmes. The
real estate bubbles. This system global coverage reflected in the
1. Understand the underlying should be publicly available and existing case studies will be further
mechanisms of asset pricing and understood at a high level by both reinforced with input from a wider
the root causes of asset bubbles, experienced real estate analysts range of contributors. The case
and to investigate leading theories and academics as well as casual studies programme is intended to
on how to identify and detect observers. It should integrate a be open-ended, so that additional
emerging bubbles, as well as suite of indicators to produce an material can be included on a
assess the impact of highly volatile index that measures the probability demand-driven basis in response
markets with boom and bust cycles of being in a bubble. The early to feedback from the users of this
2. Facilitate multistakeholder warning system will be developed material.
discussions on how asset bubbles using data from the United States. 5. Next year, based on Governors
can be prevented and their It should be developed in a manner and Strategy Officers
consequences limited that will facilitate the ability to adjust recommendations, the social
3. Develop industry recommendations and scale it for other markets. angle of wealth destruction caused
on how policies and strategies can 4. Extend and develop the existing by asset bubbles, particularly
contain and mitigate asset price platform of case studies presented in housing, will be assessed.
volatility in the first year of the project. The Mitigation options will include:
4. Secure CEO-leadership focus of the second year will be to: a. affordable housing solutions
commitment and collaboration a. expand the range of topics to b. novel funding, investing,
on a shared vision and establish include additional subject matter financing and business options,
priorities and a long-term strategy (such as financial derivatives) and new urban services to
for transformations inside and b. extend the focus on mitigate the risk of uncontrolled
outside the real estate industry comparisons of different real informality
estate markets to highlight c. new financial instruments to
The Opportunity the impacts of different mitigate extreme volatility
1. Facilitate high-level discussions policy settings, institutional d. transparency and anti-
at Forum events about how the arrangements and strategies corruption solutions
consequences of asset bubbles e. regional specifics, including
can be limited through innovative emerging markets
solutions. Solutions are targeted to
different classes of real assets, not
only real estate.
2. Compile leading practices and
mitigation solutions focusing on:
a. improving market data
b. increasing transparency
c. assessing external policy
impacts
d. stabilizing interventions
addressing the specific capital
structure of real estate
e. establishing special
requirements for emerging
markets
f. establishing requirements for
an information clearing house
(hub) to better assess the

Recent Publications Industry Agenda Council on the The Industry Agenda Council on the
The two reports released so far are Future of Real Estate & Urbanization Future of Real Estate & Urbanization
direct results of a cooperative process The Industry Agenda Council recommends that real estate
with leaders from government, civil on the Future of Real Estate & industry leaders commit to a set of
society and the private sector, in Urbanization seeks to identify the sustainability strategies and create
particular the real estate and financial drivers of change in the real estate a community around the diligent
services industries, as well as industry and intersections with other adoption of specific initiatives that
investors. industries to create a holistic view of serve these principles. The goal is to
the key transformations in the sector. embody a wider sense of stewardship
Community and Audience Recognizing the insufficiently shared for the natural environment, consistent
The initiative convenes Steering and vision, alignment and collaboration with the ethical and professional
Advisory Committees consisting of among key stakeholders related conduct of business. Moreover,
business leaders, government central to sustainable and resilient urban a clear business and economic
bankers, leading academics, among development practices, the Industry rationale for embedding environmental
them Nobel laureates, as well as Agenda Council on the Future of Real sustainability in firm-wide decisions,
representatives from international Estate & Urbanization has refined its policies and strategies can result in
organizations, such as the International Council mandate as follows: improved risk-adjusted returns, long-
Monetary Fund and the Royal run cost reduction and enhanced
Institute of Chartered Surveyors. To In its 2014-2016 term, the Council property values.
leverage cross-industry insights, the collaboratively designed and delivered
multi-year industry initiative will span a set of principles for the real estate Corporate leadership should focus
across important sectors, including industry to contribute to sustainable sustainability efforts on:
financial services, investors, as well as and resilient urban development. The Reducing greenhouse gas
infrastructure and urban development. Council aims to achieve an explicit emissions
The two committees comprise around commitment by users, investors and Implementing water/waste
60 members. cities to embed measurable practices management
towards a sustainable and resilient built Reducing pollutants in air, water
environment. and land (surface and underground)

PACI/IU Phase II
Building Foundations
for Transparency
Background
Launched in 2004, the Partnering
Against Corruption Initiative (PACI) is
one of the Forums most prominent
cross-industry collaborative efforts
and the only CEO-led anti-corruption economic and social development, In the IU industries, barriers to entry
initiative. PACI signatories have created transparency is seen as the key factor include high levels of interaction
a highly visible and dynamic agenda- to establish systematic conditions between governments and the private
setting anti-corruption platform, conducive to economic growth and sector, dense regulations and complex
working together across industries thus as an important anti-corruption processes and transactions involving
and with the support of international tool. A level playing field is critical subcontractors and agents, providing
organizations and governments in creating a business climate of numerous opportunities for bribery
around the world. The PACI Vanguard openness, inclusion and efficiency. and corruption. In fact, Transparency
community is comprised of chief Transparency results in more Internationals Bribe Payers Index 2011
executives who are signatories to PACI accessible markets, lower risks for (p. 15) identifies public works contracts
and who want to be at the forefront of investors and greater ease of doing and construction as the industries
business-driven global, regional and business. For the Infrastructure & most affected by bribery, followed by
industry efforts to design corruption Urban Development (IU) Industries, real estate, property, and legal and
out of the system. The Vanguard mitigating corruption risk through more business services. As a result, many
was launched in 2014 to bring transparent processes and enhancing firms face reputational risks that may
more business leaders into the anti- efficiency are mutually beneficial to deter expansion into new markets and,
corruption initiatives supported by the all stakeholders. They can also lead ultimately, discourage foreign direct
Forum and to drive a stronger global to lower transaction costs and faster investment in the region.
agenda. delivery as well as more equal access
to quality services and products for
While corruption is considered citizens and taxpayers.
one of the greatest obstacles to
Phase I Building Foundations

Against Corruption
The first phase of the project focused
on value chains, identifying corruption
risks and determining at which
point in a project life cycle corrupt
practices are likely to occur. From this
examination, a set of collective actions
could be developed to address the
highest priority corruption risk areas.
This first phase successfully concluded

an analysis of corruption in the
industry. Recommendations include
the need for collective action on
permits and licences and increased
interaction between the industry and
government. The first phase also
highlighted special cases of corruption
in the report entitled Learnings from
the Field: Cases on Corruption in the
Infrastructure and Urban Development
Industries. Infrastructure & Urban Development Industry Vision 2016 23
Phase II Building Foundations for integral part of the development of the specifically adapted to transparency
Transparency and the India Pilot cities of tomorrow. As solutions with needs in the IU industries. The tool
In response to the findings of the a high potential impact are identified, will help dismantle and identify
global assessment of corruption an implementation strategy will be sub-issues within key risk areas
risks for the IU industries in the first developed and preparations initiated to and assess where the greatest
phase, in the projects second phase test them. opportunities can be unlocked through
a country-level pilot in India was process improvement. Through this
launched to establish a dialogue In parallel to the dialogue, experts comprehensive toolkit, the project has
between business and local public from the Advisory Committee will the potential to be replicated in other
officials on potential transparency- work to develop a diagnostic tool regions.
enhancing process changes in permits
and licences as well as land acquisition
and registration.
The project committee members

initiated a local dialogue between
industry, local policy-makers and
public officials in Maharashtra to
discuss specific needs on a city/state
level and to find solutions to make
processes more transparent in key risk
areas. Stakeholders identified the role
of technology in transaction processes
as increasingly important for providing
smarter urban governance, which is an
The Global Challenge on Infrastructure, Long-Term Investing

and Development
Seven years after the global financial Infrastructure, historically mainly the emergence of new markets
crisis, the world is still faced with funded through the public purse that could help the global economy
a unique economic environment, and already underinvested prior grow.
characterized by slow growth, to the financial crisis, is either
unconventional monetary policy in deteriorating (in developed The magnitude of this challenge
major economies and constrained economies) or not being built (in is extraordinary. Public pension
government budgets. This environment developing economies). Given shortfalls in the United States alone
creates challenges along the following the well-known multiplier effect of are estimated between $1 trillion
dimensions: infrastructure, this situation acts as and $2 trillion, some 10% of annual
Long-term investors in particular, a brake on global economic growth. US GDP. The investment need for
pension funds, insurance Development finance, also basic infrastructure is estimated to
companies and sovereign wealth underfunded prior to the crisis in be nearly $60 trillion over the next 15
funds (collectively, institutional most countries, is being cut further years, with some 25% of that amount
investors) struggle to find as OECD governments need to unfunded. And while estimates vary,
investment destinations that offer prioritize their own economies and United Nations Conference on Trade
the returns necessary to match their welfare systems. This further stifles and Development (UNCTAD) analysts
future liabilities for society.

2015 Highlights
Creating Impact the instruments on offer, and will the Netherlands, Norway, Sweden,
Council on Transformational identify gaps. This work will inform the United States, the United
Projects: In this work stream, the the G20 GIH in its efforts, as well as Kingdom), financiers (Citi, Deutsche
collective expertise of contractors/ allow multilateral agencies to adjust Bank, East Capital, Standard
developers, investors, financiers, their offerings. Chartered, Storebrand, Sumitomo
risk managers, academics and the Mitsui Banking Corporation)
public sector is deployed to help Sustainable Development and foundations/institutional
overcome well-known problems Investment Partnership (SDIP): investors (the Bill & Melinda Gates
with transformational projects. Old approaches to financing Foundation, the Danish Investment
These projects are either very infrastructure alone will be Fund for Developing Countries,
large-scale (e.g. over $5 billion in insufficient to solve the worlds the Development Bank of South
developed markets) or of great future infrastructure financing Africa, the International Finance
relevance (e.g. critical-path enablers needs. The Challenge on Corporation, PKA, PensionDanmark
in emerging markets) to warrant Infrastructure, Long-Term Investing and the Senegal Sovereign Wealth
specific attention. and Development has therefore Fund). The World Economic Forum
recognized that new approaches and OECD provide institutional
In the Regional Acceleration must also be part of its remit, support. The meeting of inaugural
Projects work stream, a successful and in particular the strategic partners in September 2015 was a
book of work on the central corridor use of development finance to success and confirmed the positive
pilot project in Africa was handed mobilize private capital for future outlook. Convergence will go live in
over to the New Partnership for development. The Blended Finance early 2016.
Africas Development for final agenda promises to pioneer one
implementation. Successful country of these new approaches, with The workflow is overseen by the Global
roundtables were held in Mexico, an ambitious goal to raise $100 Agenda Trustees, a group of 20 to
Brazil, Egypt and Indonesia. A billion over the next five years. The 30 senior public and private sector
roundtable with the European SDIP and Convergence Platforms representatives who provide strategic
Investment Bank in December 2015 were launched in July 2015 at the guidance and feedback twice a year,
explored opportunities to accelerate UN Financing for Development of which one interaction takes place
the Investment Plan for Europe (the Conference held in Addis Ababa. under the Infrastructure Investment
Juncker Plan or the European They will be piloting their first Summit banner at the World Economic
Fund for Strategic Investments). deals in 2016. The partnership at Forum Annual Meeting in Davos-
this stage combines major donor Klosters.
The efforts on standardization and governments (Canada, Denmark,
risk mitigation have borne fruit on
several fronts. Partnership with the
G20 Global Infrastructure Hub (GIH)
was established and an agreement
was reached to synchronize efforts
for mutual benefit. Building on a
standardization proposal designed
by the European Financial Services
Roundtable, key regulators were
brought into the discussion. As a
result, the International Organization
of Securities Commissions is likely
to make infrastructure finance a
priority for 2016, adding significant
momentum to the drive towards
infrastructure as an asset class. The
Forums Global Agenda Council on
Infrastructure is conducting a global
survey on risk mitigation tools,
which for the first time will compare
practitioners needs with a map of

World Economic Forum Annual

Meeting 2016 Governors
Meeting for Infrastructure &
Urban Development Industries
This years programme for the the industry will exchange perspectives
Governors Meeting for Infrastructure on disruptive trends and will look at
& Urban Development Industries actions that policy-makers must adopt
will include a joint session on PACI to put the industry on the right track
Vanguard with PACI members, to foster innovation and better adapt
IU Governors leadership and IU to disruptive business models. In the
Governors policy-makers. IU Governors Leadership Meeting,
the Governors will agree on the areas
The IU Governors Policy-Makers on which the community should
Meeting will split in two parallel focus in 2016 and the projects and
sessions: one focusing on real estate/ industry-related activities that the
urban development and the other World Economic Forum will undertake
on engineering & construction/ throughout the year.
infrastructure. In each session,
Governors and experts from outside

World Economic Forum Annual Meeting 2016
Infrastructure & Urban Development Industry Partnership
Programme as of November Industry Partnership Programme as of November 2015
Tues Jan 19 Wed Jan 20 Thurs Jan 21 Fri Jan 22 Sat Jan 23
07:30 - 09:10
08:00 08:00 - 09:00 Governors Meeting (IU) 08:00 - 10:00
Future of Urban Development & Congress Ctr, Casanna 2 Infrastructure Investors - Community
Services Steering Committee Building
Ameron Hotel, Promenade Ameron Hotel, Symondpark 1
09:00
09:15 - 10:30
Policy Meeting (IU)
Congress Ctr, Casanna 2
10:00
11:00
10:30 - 12:00 Annual Meeting Plenary Sessions
11:30 - 12:15 Opening Plenary
12:00 12:00 - 14:00
IU Transformation
Future of Construction
Ameron Hotel, Symondpark 1
13:00
14:00 14:15 - 15:30 14:00 - 15:15

Fostering Innovation in Cities Plenary Session
Congress Ctr, Wisshorn 14:30 - 16:00
PACI Governors
15:00 PACI Vanguard CEO Meeting
Congress Centre, Studio
16:00
16:45 - 18:00
17:00 Closing
18:00 18.00-18.30
Welcome Address and
Crystal Awards
18.30-19.30
19:00 Special Concert 19:00 - 23:00
19.30-20.30 Soire
19:30 - 21:30
Welcome Reception 20:00 - 22:00 Intercontinental Hotel
Basics / PACI Welcome Reception
20:00 and Dinner The Soul of the City
Hotel Sunstar Alpine, Jacobshorn Ameron Hotel, Promenade
21:00

Infrastructure & Urban Development Industry Partnership Programme as of November 2015
Tues Jan 19 Wed Jan 20 Thurs Jan 21 Fri Jan 22 Sat Jan 23
Infrastructure & Urban Development Industry Vision 2016

Industry Partners of the World Economic Forum will also be invited to participate in a range of
08:00 08:00 - 09:00 08:00 - 09:15 08:00 - 10:00
27
institutional, Industry Transformation and Global Challenge focused sessions.
Future of Urban Development & Governors Meeting (IU) Infrastructure Investors -
Services Steering Committee Congress Ctr, Casanna 2 Community Building
Ameron Hotel, Promenade Ameron Hotel, Symondpark 1
09:00
28
Industry Partnership for Infrastructure & Urban
Industry Partnership for Infrastructure
Development & Urban Development
Industries 2016 2016
Industries Calendar of Events for 2016
Calendar of Events for 2016
World Economic World Economic World Economic National Strategy

Annual Annual Meeting of Industry Strategy
Forum Forum Forum on Latine Day
Meeting2016 the New Champions Meeting
on Africa on East Asia America on India

Davos-Klosters, Kuala Lumpur, Tianjin, People's
Meetings Kigali, Rwanda Medellin, Colombia TBC, USA New Delhi, India
Switzerland Malaysia Republic of China
20-23 Jan 11 - 13 May 01 - 02 June 16-17 June 26-28June 27-28 Sept 05-06 Oct
JANUARY MAY JUNE JUNE JUNE SEPTEMBER OCTOBER
Shaping the Future of Urban

Development and Services P P P P
Shaping the Future of Real Estate P P
Shaping the Future of Construction P P P

Interaction with Mining
& Metals Community P P P P
Interaction with Chemical Community P P P P P P P
Interaction with PACI Community P P P P P
Heads of Strategy
Board Level/ Board Level/ Board Level/ Board Level/
Board Level /Board Level/ Board Level/
Local Mgmt Local Mgmt Local Mgmt Local Mgmt
Admission Policy Local Mgmt Local Mgmt
(participation fee)
(no participation fee) (no participation fee) (no participation fee) (no participation fee)
(no participation fee) (no participation fee)
Infrastructure & Urban Development Industries

Industries
Governors
Mohamed Alabbar, Chairman, Emaar Properties PJSC, United Arab Emirates

Teruo Asada, Chairman of the Board, Marubeni Corporation, Japan
John M. Beck, Chairman and Chief Executive Officer, Aecon Group, Canada
Samir Brikho, Chief Executive Officer, Amec, United Kingdom
Neil Alexander Bruce, President and Chief Executive Officer, SNC-Lavalin Group, Canada
Luis Castilla, Chief Executive Officer, Acciona Infrastructure, Water and Services, Acciona, Spain
Jean Louis Chaussade, Chief Executive Officer, Suez Environment, France
Niels B. Christiansen, President Chief Executive Officer, Danfoss, Denmark
Aliko Dangote, President and Chief Executive Officer, Dangote Group, Nigeria
Thomas DeRosa, Chief Executive Officer, Welltower, USA
Douglas Durst, Chairman, The Durst Organisation, USA
Colin Dyer, President and Chief Executive Officer, JLL, USA
Martin Eurnekian, Director and Member of the Board, Corporacion America, Uruguay
Antoine Frrot, Chief Executive Officer, Veolia Environment, France
Yoshiaki Fujimori, President and Chief Executive Officer, LIXIL Group Corporation, Japan
Michel Giannuzzi, Chief Executive Officer, Tarkett, France
Balkrishan Goenka, Chairman, Welspun Corp., India
Barry M. Gosin, Chief Executive Officer, Newmark Grubb Knight Frank, USA
Ajit Gulabchand, Chairman and Managing Director, Hindustan Construction Company, India
Gregory Hodkinson, Chairman, Arup Group, United Kingdom
George Kwok Lung Hongchoy, Executive Director and Chief Executive Officer, Link Real Estate Investment Trust,
Hong Kong SAR
Joe Kaeser, President and Chief Executive Officer, Siemens AG, Germany
Travis Kalanick, Chief Executive Officer and Co-Founder, Uber, USA
Johan Karlstrm, President and Chief Executive Officer, Skanska AB, Sweden
Samer S. Khoury, President, Engineering and Construction, Consolidated Contractors Company (CCC), Greece
Klaus Kleinfeld, Chairman and Chief Executive Officer, Alcoa, USA
Uwe Krger, Chief Executive Officer, WS Atkins, United Kingdom
Peter S. Lowy, Co-Chief Executive Officer, Westfield Corporation, USA
Manoj Menda, Corporate Vice-Chairman, RMZ Corp., India
Masashi Muromachi, Chairman of the Board, Toshiba Corporation, Japan
Hiroaki Nakanishi, Chairman and Chief Executive Officer, Hitachi, Japan
Doug Oberhelman, Chairman and Chief Executive Officer, Caterpillar Inc., USA
Hideaki Omiya, Chairman of the Board, Mitsubishi Heavy Industries, Japan
Henry Ross Perot, Chairman of the Board, The Perot Companies, USA
Atul Punj, Chairman, Punj Lloyd, India
G. M. Rao, Group Chairman, GMR Group, India
Fahd Al Rasheed, Chief Executive Officer, Emaar Economic City, Saudi Arabia
Judith Rodin, President, The Rockefeller Foundation, USA
Mutaz El Sawwaf, Vice-Chairman of the Board and Chair of the Executive Committee, Construction Products Holding
Company (CPC), Saudi Arabia
David T. Seaton, Chairman and Chief Executive Officer, Fluor Corporation, USA
Ulrich Spiesshofer, President and Chief Executive Officer, ABB, Switzerland
Jean-Pascal Tricoire, Chairman and Chief Executive Officer, Schneider Electric, France
Shingo Tsuji, President and Chief Executive Officer, Mori Building Company, Japan
Kapil Wadhawan, Chairman, Rajesh Wadhawan Group, India
Wang Jianlin, Chairman, Dalian Wanda Group, Peoples Republic of China
Sandra Wu Wen-Hsiu, Chairperson and Chief Executive Officer, Kokusai Kogyo Co., Japan
Global Agenda Council on the Future of Real Estate & Urbanization
Taffy Adler, Director, Revitalization Programme, University of the Witwatersrand, South Africa
Najla Alshirawi, Deputy Chief Executive Officer and Chief Operating Officer, Securities & Investment Company BSC
(SICO), Bahrain

Marilyne Andersen, Professor, Sustainable Construction Technologies and Dean, School of Architecture, Civil and
Environmental Engineering (ENAC), Ecole Polytechnique Fdrale de Lausanne (EPFL), Switzerland
Mrcio Araujo Lacerda, Mayor of Belo Horizonte, City Of Belo Horizonte, Brazil
Nicholas Brooke, Chairman, Harbourfront Commission, Hong Kong SAR
Jane Burston, Head, Climate and Environment, National Physical Laboratory (NPL), United Kingdom
Koon Hean Cheong, Chief Executive Officer, Housing and Development Board of Singapore, Singapore
Yongheng Deng, Provosts Chair Professor and Director, Institute of Real Estate Studies, National University of Singapore,
Singapore
Jacques Gordon, Global Investment Strategist, LaSalle Investment Management, USA
A. Barry Hirschfeld (Vice-Chair), President and Chief Executive Officer, AIP Healthcare Japan GK, Japan
Per-Ola Karlsson, Senior Vice-President, Strategy&, United Arab Emirates
Peter Lacy, Global Managing Director, Accenture Strategy, Accenture, United Kingdom
Kent Larson, Director, City Science Initiative, MIT Media Lab, Massachusetts Institute of Technology (MIT), USA
Colin Lizieri (Chair), Grosvenor Professor of Real Estate Finance, University of Cambridge, United Kingdom
Patrick McAllister, Professor, School of Real Estate and Planning, University of Reading, United Kingdom
Eliane Monetti, Professor, Construction Engineering Department, University of So Paulo, Brazil
Henry Ross Perot, Chairman of the Board, The Perot Companies, USA
Ken Rosen, Chairman, Fisher Center for Real Estate and Urban Economics and Professor Emeritus, University of
California, Berkeley, USA
Dylan E. Taylor, President and Chief Operating Officer, Colliers International, USA
Lynn Thurber, Chairman, ULI-the Urban Land Institute, USA
Steven Wechsler, Chief Executive Officer, NAREIT - National Association of Real Estate Investment Trusts, USA
Global Agenda Council on the Future of Cities
Rob Adams, Director, City Design, City of Melbourne

Chan Heng-Chee, Chairman, Lee Kuan Yew Centre for Innovative Cities, Singapore University of Technology and Design
(SUTD)
Gretchen Effgen, Vice-President, Business Development, coUrbanize
Rosemary Feenan, International Director of Global Research Programmes, JLL
Abha Joshi-Ghani, Director, Knowledge and Learning, World Bank
Mary Keeling, Manager, Economic Analysis, Smarter Cities, IBM
Li Tie, Director-General, China Center for Urban Development
Manoj Menda, Corporate Vice-Chairman, RMZ Corp.
Anil Menon (Vice-Chair), President, Smart+Connected Communities and Deputy Chief Globalization Officer, Cisco
Systems (India)
Toshiko Mori, Robert P. Hubbard Professor in the Practice of Architecture, Harvard University Graduate School of Design
Adele Naud Santos, Architect, Urban Designer and Dean, MIT, School of Architecture and Planning
Juan Jose Pocaterra, Co-Founder and Business Director, ViKua
Carlo Ratti (Chair), Director, SENSEable City Laboratory, MIT - Department of Urban Studies and Planning
Daan Roosegaarde, Artist, Studio Roosegaarde
igo de la Serna, Mayor of Santander
Jens Martin Skibsted, Founding Partner, Skibsted Ideation
Malek Sukkar, Chief Executive Officer, Averda
Anthony Townsend, Senior Research Scientist, Rudin Center for Transportation Policy and Management, New York
University
Fleming Voetmann, Head, Public Affairs and Leadership Communication, Danfoss
Linar Yakupov, Chief Executive, Tatarstan Investment Development Agency
Shaping the Future of Real Estate

Steering Committee
Reza Amirkhalili, President and Managing Director, Faithful+Gould North America, WS Atkins, USA
Charles Biele, Chief Executive Officer, Residential Development, Emaar Economic City, Saudi Arabia
Christelle Bron, Executive Managing Director, Newmark Grubb Knight Frank, USA
Jack Chandler, Managing Director and Chairman, Global Real Estate business, BlackRock, USA
Deepak Chhabria, Managing Director, Finance, RMZ Corp., India
Douglas Durst, Chairman, The Durst Organization, USA
Colin Dyer (Project Champion), President and Chief Executive Officer, JLL, USA
Rosemary Feenan, Director, Global Research Programmes, JLL, United Kingdom
Saeid Garebaglow, Vice-President, Corporate Real Estate, Faithful+Gould, WS Atkins, USA

Barry M. Gosin (Project Champion), Chief Executive Officer, Newmark Grubb Knight Frank, USA
Walter de Luna, Chief Executive Officer, Real Estate, Acciona, Spain
Beth Mlynarczyk, Vice-President, Policy and Strategy, Two Harbors Investment, USA
Luis Moreno Salas, Director, Strategy and Business Development, Acciona Inmobiliaria, Acciona, Spain
Marshall OMoore, Director, Newmark Grubb Knight Frank, USA
Douglas L. Peterson, President and Chief Executive Officer, McGraw Hill Financial, USA
Todd Platt, Chief Executive Officer, Hillwood, USA
Fahd Rasheed, Chief Executive Officer, Emaar Economic City, Saudi Arabia
David Rees, Regional Director and Head, Research & Consulting - Australia, JLL, Australia
Paul Sheard, Chief Global Economist and Head, Global Economics and Research, Standard & Poors Ratings Services,
USA
Colin Teichholtz, Partner and Senior Portfolio Manager, Pine River Capital Management LP, USA
Maureen Welch, Project Manager, Newmark Grubb Knight Frank, USA
Advisory Committee
Mahmoud Hesham El Burai, Chief Executive Officer, Dubai Real Estate Institute, Dubailand, United Arab Emirates
Singapore
Luci Ellis, Head, Financial Stability Department, Reserve Bank of Australia, Australia
Nuno Fernandes, Professor of Finance, Director of the Strategic Finance Program, IMD International, Switzerland
Steven R. Grenadier, William F. Sharpe Professor of Financial Economics, Stanford Graduate School of Business, USA
Erkki Liikanen, Governor of the Bank of Finland/Suomen Pankki, Finland
Colin Lizieri, Grosvenor Professor of Real Estate Finance, University of Cambridge, United Kingdom
Prakash Loungani, Adviser, Research Department, International Monetary Fund (IMF), Washington DC
Kiyohiko G. Nishimura, Dean, Graduate School of Economics, University of Tokyo, Japan
Ewald Nowotny, Governor of the Austrian National Bank (OENB), Austria
Venkatesh Panchapagesan, Professor of Finance, Head, IIMB-Century Real Estate Research Initiative, Indian Institute of
Management Bangalore, India
Alessandro Rebucci, Assistant Professor, The Johns Hopkins Carey Business School, Johns Hopkins University,
USA Ken Rosen, Chairman, Fisher Center for Real Estate and Urban Economics, and Professor Emeritus, University of
California, Berkeley, USA
Nouriel Roubini, Professor of Economics and International Business, Leonard N. Stern School, New York University, USA
Simon Rubinsohn, Chief Economist, Royal Institute of Chartered Surveyors (RICS), United Kingdom
Nicholas Scarles, Group Finance Director, Grosvenor, United Kingdom
Robert J. Shiller, Sterling Professor of Economics, Yale University, USA
Didier Sornette, Professor in Entrepreneurial Risk, ETH Zurich, Switzerland
Katja Taipalus, Head, Macroprudential Analysis, Bank of Finland/Suomen Pankki, Finland
Stijn Van Nieuwerburgh, Professor of Finance, and Director, Center for Real Estate Finance Research, New York
University, USA
Susan Wachter, Richard B. Worley Professor of Financial Management and Professor of Real Estate, The Wharton
School, University of Pennsylvania, USA
Ko Wang, Professor and Deans Chair in Real Estate and Infrastructure, Johns Hopkins University, USA
PACI / IU Phase II Building Foundations for Transparency

Steering Committee
Tony Awad, Corporate Ethics Compliance Officer, Consolidated Contractors Company (CCC), Greece
Laurence Bates, Chief Legal Officer, LIXIL Group Corporation, Japan
John M. Beck, Executive Chairman, Aecon Group Inc., Canada
Deepak Chhabria, Managing Director, Finance, RMZ Corp., India
Jeanne Cranford, Senior Managing Director, Newmark Grubb Knight Frank, USA
Diane De Saint Victor, General Counsel and Company Secretary, Member of the Executive Committee, ABB Ltd,
Switzerland
Douglas Durst, Chairman, The Durst Organization, USA
Ken B. Graversen, Officer, Corporate Ethics and Compliance, Danfoss A/S, Denmark
Ajit Gulabchand, Chairman and Managing Director, Hindustan Construction Company Ltd, India
Gregory Hodkinson, Chairman, Arup Group Ltd, UK
Carlos Moreira, Chairman, Chief Executive Officer and Founder, WISeKey, Switzerland
Raja Nahas, Executive Manager, Corporate Office, Construction Products Holding Company (CPC), Saudi Arabia
Mark Ohringer, General Counsel and Corporate Secretary, JLL, USA
Anne Randall, Chief Compliance Officer, WS Atkins Plc, UK
Susan Ringler, Vice President and Chief Ethics and Compliance Officer, Alcoa Inc., USA
Daniel Trujillo, Senior Vice President, Chief Ethics & Compliance Officer International, Wal-Mart Stores Inc., USA
Lee Charles Tashjian, Special Assistant to the Chairman and Chief Executive Officer, Fluor Corporation, USA
Jon Vacarro, Chief Executive Officer, Cantor Real Estate, USA
Sabine Zindera, Vice-President, Legal and Compliance, Siemens AG, Germany
Advisory Committee
Gemma Aiolfi, Head, Corporate Governance, Compliance and Collective Action, Basel Institute on Governance,
Switzerland
Yetunde Allen, Chief Executive Officer, Clean Business Practice Initiative, Nigeria
Abdullah Al-Nimri, Secretary General, Saafah Foundation, Saudi Arabia
Norman Anderson, President and Chief Executive Officer, CG/LA Infrastructure, USA
Jacqueline Beckett, Founder, Beckett Ethics & Compliance, USA
Susan Cote-Freeman, Transparency International, Germany
Jan V. Dauman, Chairman- Advisory Council, International Business Leaders Forum, UK
Mahmoud El Burai , Chief Executive Officer, Dubai Real Estate Institute, United Arab Emirates
Blair Glencorse, Founder and Executive Director, Accountability lab, USA
Robert Klitgaard, University Professor, Claremont Graduate University, USA
Vasilis Koulolias, Director, eGovlab, Stockholm University, Sweden
Douglas Krone, Chief Executive Officer, Dynamism, USA
William S. Laufer, Associate Professor of Legal Studies and Sociology, The Wharton School, University of Pennsylvania,
USA
Emanuel Macedo de Medeiros, Chief Executive, ICSS Europe, UK
Petter Matthews, Director, CoST, UK
Galina Mikhlin-Oliver, Director Operations and Strategy, The World Bank, USA
Andreas Pohlmann, Partner, Pohlmann & Company, Germany
Sushanta Sen, Principal Advisor, Confederation of Indian Industry (CII), India
Pranjal Sharma, Consulting Editor, Consulting Editor, Businessworld, India
Neville Tiffen, Principal, Neville Tiffen & Associates, Australia
Enrico Vink, Managing Director, FIDIC, Switzerland
The Global Challenge on Infrastructure, Long-Term Investing and Development

Trustees
John Beck, Executive Chairman, Aecon Group, Canada

Gordon Brown, Chair, World Economic Forum Global Strategic Infrastructure Initiative United Kingdom
Patrick Khulekani Dlamini, Chief Executive Officer and Managing Director, DBSA, South Africa
Majid Jafar, Chief Executive Officer, Crescent Group, United Arab Emirates
Uwe Krger, Chief Executive Officer, WS Atkins, United Kingdom
Michel M. Lis, Group Chief Executive Officer, Swiss Re, Switzerland
Arif M Naqvi, Founder and Group Chief Executive, The Abraaj Group, United Arab Emirates
Doug L. Peterson, President and Chief Executive Officer, McGraw Hill Financial, USA
Michael Sabia, President and Chief Executive Officer, Caisse de dpt et placement du Qubec, Canada
Daniel Truell, Chief Investment Officer, The Wellcome Trust, United Kingdom
Global Agenda Council on Infrastructure
Norman Anderson, President and Chief Executive Officer, CG/LA Infrastructure, USA
Solomon Asamoah, Vice-President, Infrastructure, Private Sector and Regional Integration, African Development Bank
(AfDB), Cote dIvoire
Amer Baig, Adviser to the Managing Director and World Bank Group Chief Financial Officer, World Bank, USA
Gordon Brown, Chair and Adviser, Global Strategic Infrastructure Initiative, Member of UK Parliament
Peter Chamley, Director: Chair, Global Infrastructure Practice, Arup Group, United Kingdom
Edwin Charnaud, Managing Director and Chairman, Global Infrastructure Practice and Managing Director, Private Equity
and M&A Practice, EMEA, Marsh & McLennan Companies, United Kingdom
Matthew Farnum-Schneider, Chairman, Global Infrastructure Investor Association, United Kingdom
Guido Fuerer, Group Chief Investment Officer and Member of the Executive Committee, Swiss Re, Switzerland
Reuben Jeffery, Chief Executive Officer, Rockefeller & Co., USA
Rashad R. Kaldany (Vice-Chair), Executive Vice-President, Growth Markets, Caisse de dpt et placement du Qubec,
Canada
Samer S. Khoury, President, Engineering and Construction, Consolidated Contractors Company (CCC), Greece
Spencer Lake, Group General Manager; Global Head, Capital Financing, HSBC Bank, United Kingdom
Thomas Maier (Chair), Managing Director, Infrastructure, European Bank for Reconstruction and Development United
Kingdom
Paul Moy, Global Head, Infrastructure and Private Equity, UBS Global Asset Management, United Kingdom
Julia Prescot, Chief Strategy Officer, Meridiam Infrastructure, France
Robert Prieto, Senior Vice-President, Fluor Corporation, USA
James Stewart, Chairman, Global Infrastructure, KPMG, United Kingdom
Ramesh Subramaniam, Director-General, Operations Service and Financial Management Department (OSFMD) Asian
Development Bank,Philippines
Hlcio Tokeshi, Managing Director, Infrastructure Investments, GP Investments, Brazil
Sandra Wu Wen-Hsiu, Chairperson and Chief Executive Officer, Kokusai Kogyo, Japan
Deborah Zurkow, Chief Investment Officer and Head, Infrastructure Debt, Allianz Global Investors United Kingdom
Shaping the Future of Urban Development and Services
Steering Board
Chris Bilton, Director, Research and Technology, BT, United Kingdom

Ton Bchner, Chief Executive Officer and Chairman of the Board of Management, AkzoNobel, Netherlands
Roland Busch, Member of the Managing Board, Siemens, Germany
Niels B. Christiansen, President and Chief Executive Officer, Danfoss, Denmark
Abha Joshi Ghani, Director, Knowledge, Exchange & Learning, World Bank, Washington DC
Matthew Grob, Executive Vice-President and Chief Technology Officer, Qualcomm, USA
Ajit Gulabchand, Chairman and Managing Director, Hindustan Construction Company, India
Niklas Gustavsson, Executive Vice-President, Sustainability and Public Affairs, Volvo Group, Sweden
Gregory Hodkinson (Chair), Chairman, Arup Group, United Kingdom
Hiroo Ichikawa, Executive Director, Mori Memorial Foundation and Board Member, Mori Building, Japan
Vineet Mittal, Co-Founder and Managing Director, Welspun Energy, India
Pan Qing, Executive Vice-President, Audi China, Audi, Peoples Republic of China
Jakob Riis, Executive Vice-President, China, Pacific and Marketing, Novo Nordisk, Denmark
Edward G. Skyler, Managing Director, Global Public Affairs, Citi, USA
Srinath Sridharan, Senior Vice-President and Head, Strategic Alliances, Rajesh Wadhawan Group, India
Shoji Takenaka, Global Vice-President, Smart Community Division, Toshiba Corporation, Japan
Nicola Villa, Global Head, Public Sector Internet Business Solutions Group, Cisco, Netherlands
Sandra Wu Wen-Hsiu, Chairperson and Chief Executive Officer, Kokusai Kogyo Co., Japan
Mats Williamson, Executive Vice-President, Skanska, Sweden
Advisory Board
Reuben Abraham, Chief Executive Officer and Senior Fellow, IDFC Institute, India
Jit Bajpai, Independent Consultant and Adjunct Professor, The Earth Institute, USA
Eugenie Ladner Birch, Nussdorf Professor and Co-Director, Penn Institute for Urban Research, University of
Pennsylvania, USA
Richard Burdett, Director, LSE Cities and Urban Age, London School of Economics Cities Programme, United Kingdom
Joan Enric Ricart Costa, Professor, IESE Business School, Spain
Isabel Dedring, Deputy Mayor for Transport, City of London, United Kingdom
Singapore
Sunil Dubey, India Ambassador, Metropolis, Australia
Peter Edwards, Director, Singapore-ETH Centre, Future Cities Laboratory, ETH Zurich, Switzerland
Miguel ngel Mancera Espinosa, Mayor of Mexico City, Mexico
Juan Herrera, Architect, Medelln City Planning Department, Strategic Projects Workshop, Colombia
Jerry Hultin, Senior Presidential Fellow, New York University, USA
Emani Kumar, Deputy Secretary-General, ICLEI, India
Peter Madden, Chief Executive, Future Cities Catapult, United Kingdom
Amir Peleg, Founder and Chief Executive Officer, TaKaDu, Israel
Fahd Rasheed, Chief Executive Officer, Emaar Economic City, Saudi Arabia
April Rinne, Adviser, Sharing Economy, USA
Steve Weir, Vice-President, Global Programme Development and Support, Habitat for Humanity, USA
Shaping the Future of Construction
Steering Committee
Jamal Akl, Group Vice-President, Sales, Proposals and Support, Consolidated Contractors Company, Greece
Mark Brown, Global Director, Fabrication, Fluor, USA
Neil Alexander Bruce, President and Chief Executive Officer, SNC-Lavalin Group, Canada
Roland Busch, Member of the Managing Board, Siemens, Germany
Ton Bchner, Chief Executive Officer and Chairman of the Board of Management, AkzoNobel, Netherlands
Luis Castilla, Chief Executive Officer, Acciona Infrastructure, Acciona, Spain
Peter Chamley, Director: Chair, Global Infrastructure Practice, Arup Group, United Kingdom
Nick Doherty, Executive Vice-President. Skanska, Sweden
Dirk Funhoff, Head, Construction Network Teams, BASF, Germany
Antoine Haddad, Vice-President, Consolidated Contractors Company, Greece
Jeff Herriman, Group Director, Corporate Development, WS Atkins, United Kingdom
Nis Jessen, Vice-President, Business Development and Strategy, Danfoss, Denmark
Hanseul Kim, Director and Head, Corporate Initiative Group, Lixil, Japan
Charles Mouzannar, President, Construction and Specialty Consulting (CSC) Operating Unit, Amec Foster Wheeler,
United Kingdom
Steve Nackan, President, Aecon Concessions, Aecon, Canada
Shiba Panda, Managing Director, Essar, India
Patrick Le Pense, Manager, Flat Products, ArcelorMittal, France
Todd Platt, Chief Executive Officer, Hillwood Investments, Perot Group, USA
Advisory Committee
Victor Chen Chuan, Professor of Engineering Management, Business School, Sichuan University, Peoples Republic of
China
James Dalton, Chief, Engineering and Construction, U.S. Army Corps of Engineers, USA
Juan Elizaga, President, European Network of Construction Companies for Research and Development (ENCORD), Spain
Bent Flyvbjerg, BT Professor and Chair of Major Programme Management, Oxford University, United Kingdom
Timothy Geer, Director, Public Sector Partnerships, WWF International, Switzerland
Tiago Guerra, Founder and Managing Partner, TG International Manager, Spain
Shervin Hagsheno, Professor of the Department of Civil Engineering, Geo- and Environmental Sciences, Karlsruhe
Institute of Technology, Germany
Geoffrey Hamilton, Senior Economic Affairs Officer, United Nations Economic Commission for Europe (UNECE), Geneva
Franziska Hasselmann, Director of Studies CAS MIA, Institute of Accounting, Control and Auditing, University of St
Gallen, Switzerland
Fiona Murie, Global Director, Health and Safety and Construction, Building and Wood Workers International (BWI),
Switzerland
Ibrahim Odeh, Director, Research and Founder, Global Leaders in Construction Management (Research Group),
Columbia University, USA
Aris Pantelias, Lecturer and Course Director, MSc Infrastructure Investment and Finance, The Bartlett School of
Construction & Project Management, University College London, United Kingdom
Spiro Pollalis, Professor of Design, Technology and Management, Harvard Design School; Director of the Zofnass
Program for Infrastructure Sustainability, USA
Norbert Pralle, Vice-President, European Network of Construction Companies for Research and Development
(ENCORD), Germany
Aaaron B. Schwarz, Managing Director, Plan A Architecture + Design, USA
Douglas Stollery, Stollery Charitable Foundation, USA
Jan van Schoonhoven, Senior Advisor, PPP and International Relations to the Netherlands Government, Netherlands
Enrico Vink, Managing Director, International Federation of Consulting Engineers (FIDIC), Switzerland
Edmundo Werna, Senior Specialist, International Labour Organization (ILO), Geneva
James X. Zhan, Director, Investment and Enterprise, United Nations Conference on Trade and Development (UNCTAD),
Geneva

Contact Information
Contact Information
The Infrastructure & Urban Development Industries aim to serve as a forward-thinking, valuable and internationally
recognized partner for all stakeholders involved in infrastructure and urban development. In addition, it seeks to
shape the sectors agenda, creating unparalleled opportunities to convene leaders, raise global awareness, conceive
frameworks and prepare workable recommendations in the context of improving the state of the world.
Pedro Rodrigues de Almeida Lauren Silveira

Head of Basic Industries Project Specialist,
Head of Infrastructure & Urban Development Industries Partnering Against Corruption Initiative
Member of the Executive Committee World Economic Forum
World Economic Forum Tel.: +41 (0)22 869 3521
Tel.: +41 (0)22 869 3613 Fax: +41 (0)22 786 2744
Mob. +41 (0)79 593 7033 Email: Lauren.Silveira@weforum.org
Email: pedro.rodriguesdealmeida@weforum.org
Andreas Renz
Michael Max Behler Project Manager
Practice Lead Shaping the Future of Construction
Real Estate Infrastructure & Urban Development Industries
Infrastructure & Urban Development Industries World Economic Forum
Tel.: +41 (0)22 869 1327 Fax: +41 (0)22 786 2744
Mob: +41 (0)79 590 2744 Email: andreas.renz@weforum.org
Email: michael.buehler@weforum.org
Shamik Joshi
Manuel Zafra Solas Project Manager,
Practice Lead Shaping the Future of Urban Development and Services
Engineering and Construction Infrastructure & Urban Development Industries
Infrastructure & Urban Development Industries World Economic Forum
Tel.: +41 (0)22 869 3857 Fax: +41 (0)22 786 2744
Mob: +41 (0)79 590 2744 Email: shamik.joshi@weforum.org
Email: manuel.solas@weforum.org
Samuel Rohr
Alice Charles Project Manager, PACI Vanguard / IU
Lead Infrastructure & Urban Development Industries
Urban Development World Economic Forum
Infrastructure & Urban Development Industries Tel.: +41 (0)22 869 1297
Global Leadership Fellow Fax: +41 (0)22 786 2744
World Economic Forum Email: Samuel.Rohr@weforum.org
Tel.: +41 (0)22 869 3667
Mob: +41 (0)79 590 2744 Carla Sequeira
Email: alice.charles@weforum.org Community Coordinator
Basic Industries
Kayo Hirano World Economic Forum
Community Lead Tel.: +41 (0)22 869 1258
Infrastructure & Urban Development Industries Fax: +41 (0)22 786 2744
Global Leadership Fellow Email: carla.sequeira@weforum.org
Tel.: +41 (0)22 869 1234
Fax: +41 (0)22 786 2744
Email: kayo.hirano@weforum.org

The World Economic Forum,
committed to improving
the state of the world, is the
International Organization for
Public-Private Cooperation.
The Forum engages the

foremost political, business
and other leaders of society
to shape global, regional
and industry agendas.

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Industry Agenda

Davos-Klosters, Switzerland 20-23 January

5 Message from the Co-Chairs of the Infrastructure &

6 The Outlook on the Global Agenda Survey 2015

12 Overview of Infrastructure & Urban Development

29 Infrastructure & Urban Development Industries

World Economic Forum

No part of this publication may be reproduced or transmitted in any form or by any

4 World Economic Forum Annual Meeting 2016

Infrastructure & Urban Development Industries Partnership 5

6 World Economic Forum Annual Meeting 2016

The World Economic Forum introduced The framework is designed to access

8 World Economic Forum Annual Meeting 2016

Real Estate Transformation Map

As a result of comprehensive 4. Migration and Urbanization:

Infrastructure & Urban Development Industry Vision 2016 9

10 World Economic Forum Annual Meeting 2016

Cities & Urbanization Transformation Map

Infrastructure & Urban Development Industry Vision 2016 11

Overview of Infrastructure &

Shaping the Future of Construction Initiative

12 World Economic Forum Annual Meeting 2016

The Mission (Future) Best-practices

to launch a new multi-year project to level

transformation. The project is aimed at

Infrastructure & Urban Development Industry Vision 2016 13

The framework and and external challenges of the Next Steps

14 World Economic Forum Annual Meeting 2016

Shaping the Future of Urban Development & Services Initiative

Background consists of about 20 global experts in Shaping the Future of Urban

Infrastructure & Urban Development Industry Vision 2016 15

16 World Economic Forum Annual Meeting 2016

I. Global Dialogue on Urban At the Innovative City Forum Next Steps

Infrastructure & Urban Development Industry Vision 2016 17

Background In 2015, high-level multistakeholder

20 World Economic Forum Annual Meeting 2016

Infrastructure & Urban Development Industry Vision 2016 21

22 World Economic Forum Annual Meeting 2016

Phase I Building Foundations

This first phase successfully concluded

The project committee members

The Global Challenge on Infrastructure, Long-Term Investing

24 World Economic Forum Annual Meeting 2016

Infrastructure & Urban Development Industry Vision 2016 25

World Economic Forum Annual

26 World Economic Forum Annual Meeting 2016

14:00 14:15 - 15:30 14:00 - 15:15

World Economic Forum Annual Meeting 2016

Infrastructure & Urban Development Industry Vision 2016

World Economic World Economic World Economic National Strategy

World Economic Forum Annual Meeting 2016

JANUARY MAY JUNE JUNE JUNE SEPTEMBER OCTOBER

Shaping the Future of Urban

Shaping the Future of Real Estate P P

Shaping the Future of Construction P P P

Infrastructure & Urban Development

Mohamed Alabbar, Chairman, Emaar Properties PJSC, United Arab Emirates

Global Agenda Council on the Future of Real Estate & Urbanization

Infrastructure & Urban Development Industry Vision 2016 29

Global Agenda Council on the Future of Cities

Rob Adams, Director, City Design, City of Melbourne

Shaping the Future of Real Estate

30 World Economic Forum Annual Meeting 2016

PACI / IU Phase II Building Foundations for Transparency