Alternative Financing Mechanisms Research Articles

Penguatan Kelembagaan Lokal dan Konservasi Ekologi Mangrove Jangkaran Untuk Pariwisata Berkelanjutan

This community service focuses on strengthening local institutions, preserving mangrove ecology and increasing tourist visits. Activities are carried out through collective problem solving, training and mentoring. This community service has succeeded in encouraging and implementing pro-sustainable tourism policies. Strengthening informal institutions, especially developing joint agreements, resolving disputes/conflicts, cooperation, commitment and new ideas, namely low carbon tourism. This activity also ensures that all sustainable tourism ideas are prepared, included and regulated in the review and revision of the Jangkaran Village Tourism Master Plan (RIPPARKAL). Ripparkal is the foundation for mangrove ecology and ecosystem conservation through village regulations as formal institutional strengthening. In this way, the institution is legal and binding, so that the government provides the village budget and infrastructure to carry it out. Apart from that, focusing on ecological conservation can encourage carbon trading from communities to emitters as an alternative financing mechanism in line with Presidential Regulation No. 98/2021. However, this dedication is too early to evaluate the achievement of ecological and environmental improvements, as well as overcoming decline. visits for short periods of service. This still requires assistance and capacity strengthening to fulfill the necessary requirements and complementary requirements to enter the next carbon trading system.

Evaluation of the potential of infrastructure funds: The case of inland waterways in Germany

Given the critical need for sustainable transportation solutions, inland waterways (IWs) constitute a crucial yet underfunded mode of transport. This study examines deficiencies in current infrastructure funding and analyzes infrastructure funds (IFs) as an alternative funding mechanism and potential means to revitalize German waterways.Central to this investigation is the analysis of the German population's willingness to pay (WTP) for such funds. To this end, a comprehensive online survey of German households was conducted, and multivariate regression analysis was employed to identify key factors influencing public support for various fund designs.The results reveal that personal experiences with flooding significantly affect WTP and underscore the role of socio-economic variables in shaping public attitudes toward infrastructure funding. The findings indicate that well-designed IFs, combined with effective communication strategies to raise awareness of the importance of waterways, could significantly enhance public support. The study demonstrates that IFs have significant potential as a strategic tool for mobilizing public funding, thereby supporting the sustainable development and maintenance of essential yet underfunded infrastructure. IFs present a promising solution to the financial challenges facing critical public goods such as waterways.

ISLAMIC DONATIONS-BASED CROWDFUNDING PLATFORMS IN MALAYSIA: AN EVALUATION OF REGULATORY AND SHARIAH ISSUES

The emergence of innovative digital financial technologies has made donation-crowdfunding viable as a method that can supplement traditional fundraising mechanisms. Crowdfunding has recently gained worldwide attention as an alternative financing mechanism to the traditional fundraising methods for business ventures or social projects. While donation-crowdfunding which utilise platforms has demonstrated promising growth, there is no established legal framework available to accommodate its operation, especially for Islamic ones. Therefore, this study provides intuitive information pertaining to legal and Shariah issues in governing Islamic donation-based crowdfunding in Malaysia. Drawing from the conceptual framework of Islamic economics and qualitative data collection through semi-structured with six representatives of the Islamic donation-crowdfunding platforms, this study concludes that the issues associated with Malaysian regulations regimes and Shariah issues revolve around the donation- based crowdfunding platforms business model should be considered when devising a Shariah framework for donation-crowdfunding schemes. The findings will help policymakers to formulate and put in place the appropriate regulatory framework to facilitate Islamic donation-based crowdfunding practice.

Microfinance Institutions and Corporate Social Responsibility. A scientometric study

This study investigates the integration of Corporate Social Responsibility (CSR) within Microfinance Institutions (MFIs) in relation to Sustainable Development Goals. Through a Systematic Literature Review (SLR) and bibliometric analysis of 281 Scopus-indexed articles from January 1999 to November 2023, we delineate seven essential thematic clusters that define the CSR paradigm in MFIs: performance dimensions, balanced social and financial goals, improved social performance, qualitative perspectives, mission drift determinants, environmental sustainability, and funding sources and lending techniques. The study uncovers emerging research areas including the impact of digital-fintech innovations, climate change adaptations, the rise of Islamic microfinance, and explores significant gaps such as internationalization, corporate governance, gender diversity, and alternative funding mechanisms. These insights are pivotal for framing future research and offer critical guidance for policymakers and practitioners aiming to maximize the societal impacts of MFIs. Our analysis not only maps the current landscape but also sets a comprehensive agenda for enhancing CSR’s role in achieving sustainable development, thus providing a strategic framework for ongoing empirical and theoretical advancements.

Tail connectedness of DeFi and CeFi with accessible banking pillars: Unveiling novel insights through wavelet and quantile cross-spectral coherence analyses

This study evaluates the interplay between decentralized finance (DeFi) and centralized finance (CeFi) within the realm of inclusive banking by examining their foundational components, namely, alternative finance industry, distributed ledger platforms, and future payment technologies. The alternative finance industry leverages innovative technologies, such as direct lending, crowdfunding, automated wealth management, on-demand insurance, and digital currencies. This feature aligns well with the DeFi principles, and it is also beneficial to CeFi. Distributed ledger platforms offer transparency and security for both DeFi and CeFi, whereas future payment technologies provide user-friendly solutions. This study applies novel wavelet and quantile cross-spectral coherence analyses to obtain nuanced relationship insights. This methodology categorizes crypto finance into the DeFi and broader cryptocurrency ecosystems to facilitate robust comparison with traditional banking. It further delineates democratized banking into alternative financing mechanisms, distributed ledger technologies, and future payment capabilities. Wavelet coherence analysis reveals time–frequency associations, whereas quantile cross-spectral coherence unveils extreme connections under different market conditions. The findings suggest the existence of dynamic relationships between inclusive banking components and various financial infrastructures. These relationships vary across return distributions and time scales. In regular markets, positive associations are seen in yearly and monthly frequency cycles with alternative finance and centralized services exhibiting the strongest linkage. During periods of extremely high returns, CeFi and centralized-decentralized (hybrid) infrastructures exhibit limited interconnectivity with democratized banking. Moreover, DeFi's association with distributed ledger technology is negligible. In bear markets, the strongest positive associations are observed between inclusive access and conventional, hybrid, and decentralized financial systems. These insights provide new perspectives on the dynamics between financial systems during extreme conditions. This study emphasizes the need for adaptive regulation, international cooperation, and a balance between innovation and stability to protect and empower users. Collaboration between academia and policymakers is essential to navigate this evolving landscape and advance democratized banking.

The role of shadow banking towards a sustainable growth path

This paper utilizes data from 26 countries to document the relationship between renewable energy consumption, shadow banking, traditional banking, and economic growth covering 2010–2021. Employing panel quantile approaches, the results indicate a negative and significant impact of renewable energy consumption on economic growth, highlighting the initial high costs inherent in transitioning to renewable energy sources. Moreover, the findings reveal that shadow banking, along with traditional banking, tends to weaken the negative impacts of renewable energy consumption on economic growth, particularly in countries with medium and high levels of economic development. Finally, panel causality tests confirm bidirectional causality between economic growth and renewable energy consumption, economic growth and shadow banking, and renewable energy consumption and shadow banking. These insights underscore the need for policymakers to consider the role of alternative financing mechanisms in the transition to renewable energy.

Brics Ascendancy: Challenging Western Hegemony in a Globalized World

The global financial milieu has long been characterized by the pre-eminence of the United States dollar as the world's principal reserve currency. Nevertheless, emerging trends indicate the prospect of a paradigmatic shift wherein the dollar's status as a reserve currency may diminish. This study undertakes an in-depth analysis of the factors contributing to this potential transition, with particular emphasis on the ascent of the BRICS nations (Brazil, Russia, India, China, and South Africa) and their capability to establish a novel financial framework. Drawing upon insights from eminent scholars affiliated with prestigious institutions such as Harvard, Cambridge, Princeton, Chicago, Yale, and Oxford, this research assesses the evolving dynamics of global finance. By scrutinizing historical hegemonic patterns dating back to the 17th century, this investigation offers a comprehensive perspective on the ascendance and decline of dominant currencies and their ramifications on the international monetary system. Through meticulous examination of economic indicators, geopolitical transformations, and institutional advancements, this paper elucidates potential avenues through which the BRICS nations could challenge the hegemony of the U.S. dollar. Furthermore, it explores the feasibility of instituting alternative financial mechanisms to facilitate transactions and investments among BRICS countries and beyond, thereby mitigating dependence on the dollar-centric financial framework. This research, therefore, has culminated in the conclusion that the hegemonic status of the U.S. dollar is poised to diminish before the year 2030.

Balancing the books: unveiling the direct impact of an integrated energy system model on industries, households and government revenues

BackgroundThe transition towards a sustainable energy system is reshaping the demand for final energy, driven by the diffusion of new end-use technologies. This shift not only impacts consumers’ energy expenses, but also holds implications for the public budget. Building on data from a German energy transition scenario, we analyse the direct impact of energy costs on industries, low-income households, and changes in government revenues from the taxes and levies on final energy carriers. Our analysis considers the impact of current policies and explores a scenario introducing additional excise tax rates to offset potential revenue losses.ResultsWe found that substantial carbon price increases could generate revenues that offset the losses from excise taxes on fossil fuels while enabling the financing of renewable support from the public budget by the end of this decade. Nevertheless, a decline in government revenues from taxes and levies is anticipated after 2030 until the middle of the century due to the declining use of fossil fuels. Maintaining current excise tax revenues during the transition could be achieved by introducing additional excise taxes on fossil fuels and electricity. Lastly, our analysis indicated a continuous decline in household energy expenditures until 2050, whereas energy-intensive industries face adverse impacts due to decarbonisation.ConclusionsThis research provides valuable insights into the fiscal implications of the energy transition, shedding light on different industrial sectors and households while considering the evolving impact on the public budget. Policymakers may need to consider systemic reforms or alternative financing mechanisms outside the energy system to balance the books.

Factors affecting financing of communal sanitation facilities by the public sector in Informal Settlements: A case of Nyalenda informal settlement, Kisumu City.

To close the current sanitation gap, public funding for sanitation has become increasingly insufficient, particularly in Sub-Saharan Africa. What is concerning in Kenya is not the large number of people who lack access to safe sanitation facilities, but the slow rate at which households can gain access to improved sanitation facilities. A sustainable financing strategy is required, one that will increase resource allocations to the sector, improve the efficiency and effectiveness of existing resources wherever they are found, and tap the potential of alternative financing mechanism. A critical review of policy documents like the County Integrated Development Plan (CIDP) shows that there is hardly any documentation on County sanitation plans. Once sanitation lacks in the CIDP, the county can hardly plan for the sector hence making the residents suffer. The study objectives are to examine different sanitation financing options for communal sanitation facilities in Nyalenda informal settlement, to assess factors affecting financing of communal sanitation facilities by public sector in Nyalenda informal settlement and to establish challenges of financing communal sanitation facilities in Nyalenda informal settlement. The study is a descriptive cross-section design. The study used closed and open-ended questionnaires and key informants’ interview in collection of data where n=400. The study established that the dominant communal sanitation financing option in Nyalenda informal settlement was personal contribution (56.0%), followed by NGO financing (40.3%), while the last was County Government financing (0.5%). Public-private partnerships played a crucial role in facilitating sustainable onsite financing for sanitation facilities as evidenced by majority of the respondents agreeing (35.75%). The study recommended the need for diverse financing sources, awareness of available options, and supportive policies to overcome financial challenges.
 

Alternative Financing for a Sustainable Energy Transition: An Institutionalist Perspective

This article adopts an institutionalist perspective in order to address the energy transition process and to consider, in particular, the alternative financing mechanisms that would be able to support a structural transformation that is sustainable in the long term. It argues that such a transformation can be regarded in a holistic and broader way as an eco-transition process that involves the whole society and economy and requires a societal public organization. A relevant holistic approach to eco-transition should focus on the institutional conditions that are required for a new sustainable and structural change framework. In this aim, the article points to the features of the transition process that display the characteristics of a public good. The durable provision of such a good calls for the transformation of the financing schemes in force to support green investments beyond the usual opposition between market-friendly and government-guided economic policies. A relevant avenue is to organize the financing of the eco-transition under the supervision of public institutions even though the contribution of private bodies might be valuable according to the rules of long-term non-speculative financial support of markets.

Tourists' willingness to fund local investments in renewable energy: A contingent valuation study from the Galápagos Islands

Renewable energy technologies may have positive socioeconomic and environmental consequences at the local, regional, and global levels. However, transitioning to renewable energy sources requires substantial capital investments, which calls for alternative funding mechanisms, particularly in developing areas. In this study, we used the contingent valuation method to assess the economic feasibility of voluntary contributions from tourists to fund renewable energy projects in the Galápagos Islands, a renowned tourist destination. Of the 336 tourists who completed our survey, 42.3 % were willing to donate. Estimation results based on logit models indicate that the likelihood of giving is inversely related to the donation amount and positively related to the perceived consequentiality of our study and the tourists' familiarity with renewable energy. Conservative estimates indicate that the median tourist would make a one-time donation of US$ 85 to finance the transition to renewable energy. We conclude that voluntary donations from tourists can accelerate the transition to renewable energy and thus help the Galápagos Islands reach their goal of decarbonizing the islands by 2030.

Financing Housing Development in an Underdeveloped Financial Market: Learning from Developers’ Financing Adaptations?

Research shows that most households in developing economies rely on informal housing finance and self-help because of the challenges imposed by the underdeveloped capital markets. How housing developers navigate these challenges is less well understood, but this understanding is necessary to develop innovative financing solutions that efficiently meet the escalating housing demand in these economies. We fill this gap by examining the entrepreneurial adaptative financing of developers in Ghana. Our interest is the alternative financing mechanisms developers are innovating to economize the transaction costs (TCs) of accessing capital. These are examined through the lens of TC economics. Instead of debt (only 1.2% of developers used exclusively formal financing sources), we observe private developers’ efforts to coordinate finance hierarchically, in some cases adopting the roles of traditional banks. For most financing mechanisms, the homebuyer either co-creates or temporarily co-owns the property with the developer. The eight identified adaptive financing models economize TCs and traditional financing usage and support housing consumption, offering buyers pathways to homeownership without conventional mortgages. However, they do not support volume development and expose homebuyers to significant ex-post contractual hazards. Our study provides insights into creating responsive policies that increase housing finance accessibility, while protecting homebuyers.

BRICS, World Bank and IMF Quest to Promote Economic Development of Countries

The term “BRICS” represents a group of five emerging economies of Brazil, Russia, India China and South Africa, which started in 2009. These economies have caught the attention of literally everyone--international financial law practitioners, political scientists, countries, international organizations and other stakeholders. The emergency of a unified geopolitical bloc, started to reframe international financial outlook with a new set of new ideas and values. include reforming the global financial and economic architecture, strengthening the principles and standards of international law in many sectors of their economies. The paper highlights prospects and challenges that lie ahead of BRICS countries to fully realize their mandate and to co-exist with the World bank and International Monetary Fund (IMF). The World Bank and IMF have supported economic development of countries since their inception, I however do not see any harm posed by the introduction of more capital from BRICS, it should be received with both hands. There are looming prospects for expansion of BRICS, countries like Argentina, UAE, Mexico, Algeria and Saudi Arabia have indicated their desire to jump on BRICS bandwagon, the current Russian-Ukraine war remains a big challenge, not least that it has threatened to suck in all BRICS members into this war. The paper finds that as global dynamic challenges continue to mutate, nothing should preclude countries from working together to find lasting solutions to their common challenges. Some BRICs Nations are also beleaguered with high levels of corruption in public offices, they will need to seriously address this challenge, if they are to offer a robust development agenda for emerging markets to supplant the Bretton Wood Institutions. This paper was written, guided by three specific objectives: (i) Examine the rationale for launching the BRICS development initiatives and potential conflict with the World Bank and IMF. (ii) Discuss the mandate of the World Bank and IMF in fostering economic development especially developing countries. (iii) Explore potential areas of conflict between the Bretton Wood Institutions and BRICS to co-exist in their varied development mandates towards member countries. The paper has established that while nothing precludes BRICS offering alternative funding mechanisms to their members, they will need time to fully realize their objectives. Establishment of the BRICS signifies that its high time the World Bank and International Monetary Fund (IMF) have adopted desired reforms, if they are to remain influential today.

Crowdfunding as an Alternative Financing Mechanism in Turkey and Economic Growth: Success Factors and Recommendations Büşra ORTAARABACI

Kitle fonlamanın artan piyasa hacmi bu alanda yeni bilimsel çalışmaların gerekliliğini gözler önüne sermektedir. Literatürde yer alan mevcut çalışmalar incelendiğinde; Türkiye’nin kitle fonlamada geçmiş ve günümüzdeki durumunu ortaya koyularak mevcut durumun iyileştirilmesi için alınabilecek önlemler hakkında politika önerilerinin ağırlıklı olarak yer aldığı görülmektedir. Kitle fonlama ile desteklenen proje ve ürün kampanyaları başta istihdam üzerinde yaratacağı olumlu etki ile birlikte sermaye ve yeni yatırımların ülkeye gelmesi gibi yaratacağı pozitif etkiler ile ekonomik büyümeyi de destekleyeceği düşünülmektedir. Yapılan bu çalışmada Türkiye açısından kitle fonlama platformları için düzenlemelerin çok yeni olması ve aktif olarak faaliyette bulunan platformlarda kampanya sahibi ve kampanyayı finanse edecek yatırımcıların bilgi eksikliği ile kitle fonlama sürecinde belirsizlik altında oldukları tespit edilmiştir. Sonuç olarak başarı oranlarının artırılabilmesi açısından gerekli hukuki ve teknolojik altyapının geliştirilmesi, kampanyalar hakkında fon sağlayanların eksiksiz bilgilendirilmesi ve girişimcilerin gerekli eğitimleri almasının gerekliliği gibi bazı önerilerde bulunulmuştur.

Solution techniques for Bi-level Knapsack Problems

Traditional funding mechanisms for healthcare projects involve ranking the projects and awarding funds based on their cost to benefit ratio. An alternative funding mechanism based on Bi-level programming was proposed in the literature. We refer to this as Donor-Recipient Bi-level Knapsack Problem (DR-BKP), which we explore further in this work. There are two participants, a leader (a donor agency) and a follower (recipient country) in this problem. Both the participants have their individual budgets. There is a set of projects, each having a certain cost and profit associated. The cost of projects are common to both the participants however the profits can be different for them. There is an external project that is of exclusive interest to the follower. The leader decides on cost subsidies to provide for the projects that is within her budget, while the follower solves a knapsack problem with the cost subsidised projects and the external project. Two enumerative algorithms were proposed in the literature for Bi-level problems with discrete upper level variables. We adapt them for DR-BKP that has continuous upper level variables having non-linear interaction with lower level variables. We first show the existence of a solution for DR-BKP and show the convergence of these algorithms. We provide evidence for Σ2P-hardness by showing that the problem is both NP-hard and Co-NP hard. Finally, we have implemented these two enumerative algorithms and shared the results and analyses of the computational experiments. A set of fifteen differing data sets each having randomly generated 10 instances have been solved to evaluate the performance of the proposed algorithms.

Bank Interest in Islamic Law

This journal aims to examine the concept of bank interest (riba) within the framework of Islamic law (Sharia). The practice of charging and receiving interest has been a topic of significant debate and controversy among Islamic scholars and jurists. This paper provides an in-depth analysis of the philosophical underpinnings of bank interest in Islamic law, taking into account various perspectives and interpretations within the Islamic legal tradition. The journal begins by exploring the foundational principles of Islamic law and its ethical framework, highlighting the prohibition of riba as outlined in the Quran and the Hadith. It discusses the historical context and evolution of Islamic banking and finance, emphasizing the need for alternative financial mechanisms that comply with Islamic principles. The study then delves into the philosophical considerations surrounding bank interest from an Islamic legal perspective. It examines different schools of thought and the rationale behind their positions, including the arguments for and against the permissibility of bank interest. The utilitarian perspective evaluates the societal consequences of interest-based transactions, while the deontological approach emphasizes the adherence to moral principles. The contractualist viewpoint focuses on the voluntary agreements between parties, and the concept of justice and equality is examined in relation to interest-based transactions. Furthermore, the journal analyzes contemporary practices in Islamic banking and finance, including the development of Islamic financial instruments that adhere to Sharia principles. It explores the role of regulatory bodies in overseeing and ensuring compliance with Islamic law in the financial industry. The research concludes by synthesizing the diverse perspectives and providing a comprehensive understanding of the philosophical considerations surrounding bank interest in Islamic law. It emphasizes the importance of contextual interpretation and critical analysis within the Islamic legal tradition to address the challenges and complexities posed by modern financial systems.

Normative Juridical Review Regarding Bank Interest in Islamic Law

This journal aims to examine the concept of bank interest (riba) within the framework of Islamic law (Sharia). The practice of charging and receiving interest has been a topic of significant debate and controversy among Islamic scholars and jurists. This paper provides an in-depth analysis of the philosophical underpinnings of bank interest in Islamic law, taking into account various perspectives and interpretations within the Islamic legal tradition. The journal begins by exploring the foundational principles of Islamic law and its ethical framework, highlighting the prohibition of riba as outlined in the Quran and the Hadith. It discusses the historical context and evolution of Islamic banking and finance, emphasizing the need for alternative financial mechanisms that comply with Islamic principles. The study then delves into the philosophical considerations surrounding bank interest from an Islamic legal perspective. It examines different schools of thought and the rationale behind their positions, including the arguments for and against the permissibility of bank interest. The utilitarian perspective evaluates the societal consequences of interest-based transactions, while the deontological approach emphasizes the adherence to moral principles. The contractualist viewpoint focuses on the voluntary agreements between parties, and the concept of justice and equality is examined in relation to interest-based transactions. Furthermore, the journal analyzes contemporary practices in Islamic banking and finance, including the development of Islamic financial instruments that adhere to Sharia principles. It explores the role of regulatory bodies in overseeing and ensuring compliance with Islamic law in the financial industry. The research concludes by synthesizing the diverse perspectives and providing a comprehensive understanding of the philosophical considerations surrounding bank interest in Islamic law. It emphasizes the importance of contextual interpretation and critical analysis within the Islamic legal tradition to address the challenges and complexities posed by modern financial systems.

Reputation as Capital—How Decentralized Autonomous Organizations Address Shortcomings in the Venture Capital Market

Venture capital (VC) models can be optimized with emerging decentralized technology. There are many disadvantages that come with traditional VC fundraising including illiquidity and ownership struggles, as well as timing. This paper will discuss alternative funding mechanisms that may be available and advantageous to emerging businesses. After discussing the shortcomings of the existing VC market and the rise of alternative early round funding mechanisms, the paper highlights the evolution of VC businesses that are operated by a Decentralized Autonomous Organization (DAO). More specifically, models discussed in this article contribute to the much-needed experimentation with venture capital reputation models.

USING CRYPTOCURRENCIES IN FINANCING SUSTAINABLE DEVELOPMENT GOAL PROJECTS: SWOT ANALYSIS

The interest and adoption of cryptocurrencies, such as Bitcoin and Ethereum, have significantly increased as a medium of payment and investment. At the same time, the international community has set a list of Sustainable Development Goals (SDGs) to be achieved by 2030, which includes eradicating poverty, protecting the planet, and ensuring peace and prosperity for everyone. One of the most significant challenges in achieving these SDGs is financing the necessary projects to implement them. Traditional financing sources, such as government budgets and private investments, may not be sufficient to cover the enormous costs associated with achieving the SDGs. Therefore, there is a need to explore alternative financing mechanisms to support the implementation of the SDGs. Cryptocurrencies represent a potential alternative source of funding for SDG projects. However, the lack of regulation and the high volatility of cryptocurrency prices may create uncertainty and risk for investors and project stakeholders. Examples of the use of cryptocurrencies in various SDG projects to enable fast and low-cost cross-border transactions are presented. The feasibility of using cryptocurrencies as a financing mechanism for SDG projects, a comprehensive SWOT analysis of the use of cryptocurrencies in financing SDG projects, potential problems and opportunities related to the use of cryptocurrencies for financing SDG projects, practical recommendations for policy makers, project developers and investors who are interested in using cryptocurrencies for financing SDG projects are discussed in the article. To address this issue, this article aims to conduct a SWOT analysis to evaluate the strengths, weaknesses, opportunities, and threats of using cryptocurrencies as a financing mechanism for SDG projects. The analysis will provide valuable insights into the potential benefits and drawbacks of utilizing cryptocurrencies for SDG project financing and identify strategies to mitigate risks and maximize opportunities. Ultimately, this research aims to contribute to the broader conversation around alternative financing mechanisms for sustainable development projects.

Investigating the challenges and opportunities for sustainable waterfront development in Jeddah City

Abstract The research paper discusses the challenges and opportunities surrounding sustainable waterfront development in Jeddah City, Saudi Arabia. The city faces several challenges such as inadequate infrastructure and hasty urbanization, but its strategic location, cultural heritage, and economic potential provide opportunities for sustainable development. The paper presents a comprehensive literature review of successful case studies from other cities and regions to identify the best practices and innovative methods for sustainable waterfront development in Jeddah City. The paper recommends green infrastructure, public–private partnerships and community-based planning and design to promote sustainable waterfront development. The paper emphasizes the need for an integrated and coordinated approach to waterfront development that focuses on enhancing resilience, preserving cultural heritage and promoting social equity. The paper suggests that further research is necessary to better understand the challenges and opportunities for sustainable waterfront development in Jeddah City. The areas that require attention include stakeholder engagement, the impact of climate change and the potential for alternative financing mechanisms. The findings of this research paper can guide policy makers, planners, developers and community leaders to make informed decisions toward sustainable waterfront development in Jeddah City.