Conference Agenda

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Session Overview
14-08: Emerging Alternative Land Tools in MENA and Asia
Friday, 24/Mar/2017:
11:00am - 12:30pm

Location: MC 10-100

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Emerging Alternative Land And Financing Tools In MENA And Asia

M. Siraj Sait1, Jean Du Plessis2, Reza Pourvaziry3

1University of East London, United Kingdom; 2UN-Habitat, Global Land Tool Network, Kenya; 3International City Leaders, Canada

Most countries in the MENA region and parts of Asia have dual land economy systems and pluralist legal frameworks. Apart from conventional land financing tools, participative and ethical finance models are accelerating newer opportunities for land development. For example, Islamic finance is now estimated globally at over $2 trillion driving much of real estate, infrastructure and development business with their potential recently recognised in mainstream land discourse. Similarly, several innovative land tenure practices in these regions offer supplemental tools for strengthening sustainable land access and governance. This Masterclass focuses on some key distinctive concepts, tools and practices emerging from these alternate methods. In addition to identifying the main products and their compatibility with conventional systems, the session offers a practical overview of trends in countries ranging from the UAE, Iran and Saudi Arabia to Malaysia, Pakistan and Indonesia. The effectiveness of 'ethical' finance, its participative risk-sharing features, community land-based products and land investment bonds are assessed in facilitating equitable land rights and governance. Their contribution to financial inclusion, gender equality and youth employment in conflict, disaster or transition communities is also explored. The Masterclass would interest researchers, policy makers, civil society partners and project managers working in MENA and Asia.