At the 2025 World Economic Forum (WEF) in Davos, the Mumbai Metropolitan Region Development Authority (MMRDA) secured 11 memoranda of understanding (MoUs) worth USD 40 billion (approx. Rs 3.5 lakh crore).
This landmark investment underscores Mumbai’s potential as a global metropolis, with initiatives aimed at modernising urban transport, advancing regional development, and integrating cutting-edge technologies over the next 3-5 years.
A key partnership involves Crossrail International (UK) and the UK Department for Transport, who will collaborate with the MMRDA to optimize Mumbai’s transport infrastructure. The University of Birmingham will also contribute expertise in sustainable urban mobility, addressing congestion and eco-friendly transit. International investors such as Brookfield Corporation (Canada), Blackstone Inc. (US), Temasek (Singapore), and Sumitomo Realty (Japan) will bring significant foreign direct investment, driving transformative projects and fostering innovation.
On the domestic front, developers like the Hiranandani Group and K Raheja Corp, supported by Everstone Group and Mitsui-backed MTC Business, will focus on creating a Circular Economy Park and advanced parking systems, addressing challenges like waste management and traffic congestion.
These developments promise more than improved infrastructure. By emphasizing sustainability, economic growth, and job creation, the MoUs aim to elevate Mumbai as a model for global urban development. With $40 billion in commitments, Mumbai stands poised to become a modern, vibrant, and eco-friendly metropolis, offering its residents a higher quality of life and setting benchmarks for future-ready cities worldwide.
Source: Urban Acres