The Evolution of Smart Cities and Opportunities for the Steel Industry
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As rapid urbanization and expanding megacities give rise to several urban problems such as high population density and environmental pollution, smart cities are gaining ground. The goals and implementation schemes for smart cities vary by region, but there are some keywords commonly shared by smart cities projects—energy efficiency and environmentally-friendly cities. The business model for smart cities is evolving from the one-time construction of infrastructure to a platform-based business model accompanied by citizen participation.