Forest City: A Chinese Urban Megaproject in Malaysia
With the rapid growth of population and increasing international mobility, cities around the world are seeking to attract investors who want to build mixed-use megaprojects. Such investors are presumed to have, for the most part, a positive impact on local economies. However, when the expectations of foreign developers don’t match the political and regulatory expectations of the host country, difficulties can ensue. Marcel Williams, MCP’16, looks at the challenges of mega-project development through the lens of the Forest City case. Because of the scale and location of this project, local, state, national and international challenges emerged. There are many lessons to be learned from the experience of Chinese developer Country Garden Ltd. in building a project for 700,000+ people over the next two decades on an environmentally sensitive site.
Will Forest City become an example for future mega-project developments in Asia? Is the potential for economic success of Forest City in jeopardy because of the way regulations are being implemented in Malaysia?
Find out the answers to these questions and more by downloading Marcel’s thesis here.