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Abstract In a context of globalization, economic Liberalisation, restructuring and establishment of an open market, many Egyptian cities are experiencing significant difficulties in maintaining their competitiveness. Many are losing employment and industry at an alarming rate and this has significant social and environmental implications. During the early 1990s, Egypt embraced a regional approach to trade and investment liberalisation alongside their unilateral and multilateral efforts. In order to reach an effective growth, the GOE through the GOPP started a regional strategic master plan for all Egyptian cities to identify problems, potential and constrains defining new vision and objectives, taking into consideration the threat of cross competiveness, enhancing identity and viability of economic base sufficient to provide the anticipated comprehensive development (urban, socio-economic) for the country. This approach is adopted in parallel with an ambitious program for decentralization, providing local authorities with required capacity building, resources and framework in order to provide an efficient and flexible management for cities resources for a better future. In this era of globalization, a changing world, Heritage resources are subject to the negative impacts of economic developments that often fail to take into consideration the tangible and intangible benefits that can be accrued from mobilizing cultural resources as assets for both economic and human development. This justifies the increasing political focus on cultural heritage, both because of higher public interest in heritage itself and because many see heritage as a means to stimulate economic activity in regions with economic problems. Nevertheless, social needs related to heritage use cannot be fully satisfied, through market processes only, they must be provided for by complementing the market with state intervention through budget mechanisms. This is why governments have the lead role in making various CH public goods accessible to their citizens and to humanity at large, in both present and future generations. Vi Egypt’s is now facing a commitment challenge for the successful achievement of the Millennium Development Goals, records of the MDGs reports shows a slow progress in two main development goals concerning eradicating extreme poverty and hanger as well as achieving full and productive employment, the second is insuring Enviromental sustainability and achieving a significant improvement in the lives of slum dwellers. Progress in these two goals can be achieved through an innovative urban management process especially in heritage cities in Egypt, where preservation is a still a concern along with targeted socio-economic development. Luxor city. The seat of the pharaoh’s power from 2100 to 75 B.C., a principal resource within Egypt’s tourism industry. At the beginning of 2004 the Egyptian Government launched the execution of a comprehensive development plan for Luxor city (CLLC) financed by national government expenditure and international funds, most of these projects where directed toward the goals of tourism development. Unfortunately the market forces were more influential than expected; land prices jumped to five times its original values and some times more in some developed areas and investments went to the lucky owners of those areas leaving behind the original targeted beneficiaries with worse conditions and greater reasons to live and work informally leading to a clear un-equitable Socio-Economic Development. This research will focus on the current challenges facing Egypt’s achievements through the MDGs and the comprehensive development plan for Luxor city as an example of heritage cities to examine the possible socieconomic values that can be achieved through a conscious and participatory approach for comprehensive development for heritage cities; illustrating different ways of financing via planning system that would support the sufficient institutional framework for Public and Private, Community Partnership (PPCP) in order to reach the aspiration of the strategic plan targeting the year 2027. Application of Value Capture scheme will be chosen explaining the reason behind having it as the most appropriate development tool that would provide the required equitable balance within the market-driven policy. VC system and equitable development would be further illustrated providing international case studies with a conclusion for the comprehensive framework for an equitable development. The success of the proposed framework in Luxor city will be based on the achievement of a local self-dependant progress within two millennium development goals: vii 1- GOAL 1: Eradicate Extreme Poverty & Hunger 1.1. Target 1: Halve between 1990 and 2015 the proportion of people whose income is less than one dollar a day. Achieve full and productive employment and decent work for all, including women and young people. 2- GOAL 7: Insuring Enviromental Sustainability. 1.2. Target 11: By 2020, to have achieved a significant improvement in the lives of at least 100 million slum dwellers. Key words: Comprehensive Development, Value Capture, Public-Private Partnership, financing urban development, urban management. |