Financial and Monetary Systems

Can Medina become a ‘city of knowledge’?

Kevin Murphy

Can an ancient religious city as sacred and unique as Medina rebrand itself as a “knowledge economic city” in the 21st century? Can an urban real estate project drive this vision for Medina?

In 2006, the Kingdom of Saudi Arabia announced its intention to create a new Knowledge Economic City in the northwest quadrant of Medina, donating land and investing billions of dollars in a major city infrastructure and real estate development project. Fast transport will link the area to the central mosque within minutes.

Companies with knowledge-intensive characteristics will be encouraged to set up there. Great minds will be encouraged to retire there. Conferences will be held and properties will be sold to investors. Scheduled investments include a major new hospital and a vast Epcot Centre for the Islamic world, including the lands of Islam and stories from the Koran, designed to entertain and delight families in the off-hours. But there is a greater vision.

Al-Madinah Al Munawwarah literally means “the city of light” and was historically a centre for both spiritual and intellectual pursuits. After prayers, students would gather around various pillars of the holy mosque as global scholars taught them. It was the bricks-and-mortar internet of its day. This intellectual vocation fell by the wayside but may now be on the rebound.

Millions of people come to Medina throughout the year, not just at Hajj, making the lesser pilgrimage of Umrah. The city could, with its new modern university, hold conferences on major issues of the day, with experts in science, math and letters. Whether this project leads to an intellectually driven residential and corporate community remains to be seen.

To ease the transformation, repositioning need not wait for buildings to be in place. In prosaic terms, conference tourism could augment religious tourism in a culturally sensitive way, enhancing the appeal for investors, retirees and even companies to settle there. Even before the buildings are up, Medina could simply announce informal symposiums. Physicists might come the first week in March, astronomers the second, experts in diabetes the third, and so on. Intellectual stimulation could be added to spiritual activities. Medina could recapture an intellectual leadership role contributing to knowledge generation and dissemination.

At times, the project seemed to suffer from lack of coordination among real-estate developers, city leaders and Saudi visionaries. Travel restrictions on women and on non-Muslims who may not travel inside the excluded area in much of the city centre also complicate things.  But if “city competitiveness” can be relevant to Medina in the vision of King Abdullah, then there is virtually no city in the world that cannot benefit from a rethinking of its vocation.

Read the new Competitiveness of Cities report here.

Author: Kevin Murphy is President and Chief Executive Officer J.E. Austin Associates

Image: Pilgrims are seen at Prophet Mohammad’s Mosque in the holy city of Medina, Saudi Arabia. REUTERS/Ali Jarekji

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Stay up to date:

Hyperconnectivity

Related topics:
Financial and Monetary SystemsIndustries in Depth
Share:
The Big Picture
Explore and monitor how Infrastructure is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

How tokenization is transforming global finance and investment

Yuval Rooz

December 10, 2024

What does the new corporate borrowing boom mean for policymakers and business?

About us

Engage with us

  • Sign in
  • Partner with us
  • Become a member
  • Sign up for our press releases
  • Subscribe to our newsletters
  • Contact us

Quick links

Language editions

Privacy Policy & Terms of Service

Sitemap

© 2024 World Economic Forum