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MMRDA created history in Davos, Mumbai will become a global hub with an investment of Rs 8.73 lakh crore, 9.6 lakh jobs fixed.

By Samira Vishwas

MMRDA Davos Investment 2026: On the very first day of the World Economic Forum (WEF) 2026, Mumbai Metropolitan Region Development Authority (MMRDA) has created history. ‘Mumbai 3.0’ with 10 investment agreements worth $96 billion (Rs 8,73,600 crore). The foundation has been laid. This investment will make Mumbai a hub for sustainable infrastructure and high-tech innovation globally.

MMRDA created history in Davos

Maharashtra has achieved a major success in winning the trust of global investors in the annual summit of the World Economic Forum (WEF) 2026 held in Davos, Switzerland. In the presence of Chief Minister Devendra Fadnavis, MMRDA Commissioner Dr. Sanjay Mukherjee signed 10 important Memorandums of Understanding (MoUs) on the very first day, guaranteeing a total investment of $96 billion i.e. approximately Rs 8,73,600 crore. This is more than double the investment of $40 billion received in the previous year (2025), indicating the rapid pace of development of the state.

9.6 lakh employment and new wave of economic development

The biggest impact of this investment will be seen on the employment front. According to official data, these projects will create approximately 9.6 lakh direct and indirect employment opportunities in the Mumbai Metropolitan Region (MMR). Chief Minister Fadnavis called it ‘Mumbai 3.0’ The blueprint of which has been told, which will prove to be a major milestone in the direction of making Maharashtra a 1 trillion dollar economy. Meanwhile, Deputy Chief Minister Eknath Shinde expressed confidence that these projects will transform Thane, Mumbai, Kalyan and surrounding areas into global centers of industrial development and innovation.

Biggest investment for industrial and digital hub

A major portion of the investment comes under the agreement with SBG Group, which will invest $45 billion over the next 10 years. It aims to make MMR globally competitive for logistics, industrial and hyperscale data parks. Similarly, a $25 billion agreement has been signed with Panchsheel Realty to develop fintech business districts and integrated townships, which will generate 2.5 lakh jobs in the manufacturing and supply chain sectors.

The ‘innovation city’ of the future. (Innovation Cities) plans to develop three Innovation Cities under a $10 billion partnership with Raheja Corp. This includes an industrial park in Kharbav (Bhiwandi), an exclusive fintech and cyber security center in Wadala, and a state-of-the-art gaming and AI innovation city called MOSAIC. These projects will make Mumbai the ‘Talent Capital’ of Asia. Will help in making.

Also read:- Country’s largest data center will be built in Maharashtra, Lodha Group will make a mega investment of Rs 1.3 lakh crore.

Global standards in sports and lifestyle

MMRDA has also decided to invest $8 billion with IISM Global to build an integrated sports city and skill-tech university, which will focus on sports medicine and athlete development. Additionally, the $8 billion partnership with Sumitomo Realty will transform BKC into a premium ‘high street district’ with a focus on transit-oriented development (TOD) with high-speed rail hubs.

Global Academic and Technological Alliance

There are preparations to empower Mumbai not only in terms of infrastructure but also in terms of technology and data. Agreements have been signed with UC Berkeley for AI and smart urban planning, and with Japan’s JICA for digital transport ecosystem. A ‘digital twin’ in collaboration with London’s Urban Futures Collective. Framework will be developed, which will promote data-based governance and climate-friendly development. In collaboration with the Technical University of Munich (TUM), work will be done on transport engineering and carbon-reducing mobility.

Through this massive makeover, MMRDA is not only developing infrastructure but also creating a ‘Mumbai in Minutes’ (Mumbai in Minutes) is also moving towards realizing the reality. These investments will firmly position Maharashtra as India’s growth engine.

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