The world is in the midst of a city-building boom
Everyone, from Donald Trump and Peter Thiel to Abdel Fattah el-Sisi, is getting involved
Africa’s tallest building is rising under empty skies. Beneath the Iconic Tower in northern Egypt sits a city that officials expect to one day house 6.5m people. For now, though, it is mostly empty—like the desert that came before it.
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This article appeared in the Finance & economics section of the print edition under the headline “Boom: towns”
Finance & economics March 9th 2024
From the March 9th 2024 edition
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How China will strike back at Trump
Xi Jinping has set out his tariff red lines. What if America crosses them?
Russia’s plunging currency spells trouble for its war effort
Supplies from China are about to become more expensive
The great-man theory of Wall Street
Why finance is still dominated by bold individuals
Hong Kong’s property slump may be terminal
Demographics and geopolitics will make a recovery harder
Why everyone wants to lend to weak companies
An unanticipated side-effect of Donald Trump’s election victory
American veterans now receive absurdly generous benefits
An enormous rise in disability payments may complicate debt-reduction efforts