27october
2023

Inclusive development


Throughout my professional journey, I've had the privilege of initiating projects that have given rise to entire clusters, exerting a significant impact on the country's economy. These projects align with the Public-Private Partnership (PPP) economic model, which delves into economics, finance, project financing, and more. I applied this knowledge while crafting the concepts and business plans for projects like "Global Region," "Dream Town," "Smart City," and others. In the process of developing these ventures, I expanded my expertise in finance and capital and delved into new terminology, some of which later found its way into the real estate sector. One such term that I introduced is "Inclusive Development." I first articulated the concept of "Inclusive Development" in the context of urban planning in 2015, in Geneva, to the Chairman of the UNCTAD Commission. Rooted in public-private partnership, it envisions the engagement and involvement of not just government bodies but also private enterprises, investment funds, individual experts, and, most importantly, citizens and society as a whole in shaping the urban landscape. Here are a few key benefits of Inclusive Development: Aligns with the UN Development Program and the primary conclusion of the 13th UNCTAD General Conference. Fosters human development and harnesses its advantages. Addresses the challenges of the "new globalization." Presents a unique approach to business where all stakeholders mutually benefit from collaboration. Encourages the participation of diverse groups and social strata within the population. Inclusive projects aim to enhance well-being and generate benefits for the populace while preserving commercial interests. Involves close collaboration with government agencies, civil society, and development organizations. Fosters innovative approaches, market expansion, and robust supply systems. Empowers society to determine its developmental pathways. In 2015, during the IV National Forum "Real Estate of Ukraine" in Kyiv, Ukraine, I, in my capacity as President of WCDI, convened a round table discussion titled: "Time of Change: Developers and Investors Confronting the Challenges of the New Globalization." During this event, I presented the inclusive development program endorsed at the UN level. The round table featured international experts from 18 countries. I emphasized that the world was transitioning from its previous exclusive development model to a new framework rooted in technological, social, and urban innovations under the banner of inclusive development. The document, co-authored by me and my colleagues, outlining principles for real estate market development, prominently includes the term "Inclusive Development" alongside other guidelines for reform and conducting business in the real estate sector. This term stands as a cornerstone in advancing the entire real estate market's development strategy at the international level. I'm pleased to have been the originator of the phrase "Inclusive development in urban planning," which has since become a widely recognized term and a vital component of the international real estate market's development strategy.

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