IN A COMPLEX AND GLOBALISED WORLD, CITIES ARE TAKING ON THE CRUCIAL ROLE OF DRIVERS FOR ECONOMIC GROWTH IN THE COUNTRIES, WITH POLES OF GROWTH AND INNOVATION, THE LEVEL OF URBANISATION WHICH IS STEADILY GROWING, AND METROPOLITAN AREAS ARE THE DRIVING FORCE FOR GLOBAL GROWTH. IN ADDITION TO THE POTENTIAL FOR ECONOMIC GROWTH OF ‘FAST TRACK’, ATTRACTIVE INVESTMENT OPPORTUNITIES ARE OFFERED BY SMART CITIES THAT COMBINE INNOVATION, ENVIRONMENT AND QUALITY OF LIFE. A CANDIDATE WILL BE SMART WHEN IT COMES TO ITS SURROUNDINGS, SUCH AS AN ACTIVE PLAYER THAT IS RESPONSIBLE FOR MAKING THE BEST USE OF ITS RESOURCES AND ENSURING THAT IT BECOMES MORE EFFICIENT. THIS WILL BE ENSURED THROUGH EFFICIENT INFRASTRUCTURE. HOWEVER, THE FUNCTIONING AND COMPETITIVENESS OF THE PHYSICAL INFRASTRUCTURE WILL NOT BE DEPENDENT SOLELY ON THE AVAILABILITY OF THE INFRASTRUCTURE AND THE QUALITY OF THE INFRASTRUCTURE, BUT IT IS THE RESULT OF SEVERAL FACTORS (SUCH AS THE AVAILABILITY OF HUMAN CAPITAL;