The World Bank; in collaboration with the Government of Paraguay and the Municipality of Asunción; invites international real estate consulting companies to participate in a transformative consultancy project aimed at designing a climate-smart; market-oriented land development strategy for the Asunción riverfront. This initiative seeks to unlock sustainable investment opportunities and enhance institutional coordination; paving the way for resilient; inclusive; and low-carbon urban development.Project Overview:*Objective: Develop a comprehensive strategy to guide the sustainable development of the Asunción riverfront; incorporating climate resilience; financial viability; and social inclusion.*Scope of Work: The consultancy will be structured into four phases: Inception and Work Planning; Diagnostic and Situational Analysis; Strategy Development; and Finalization. Key tasks include stakeholder engagement; situational analysis; institutional and regulatory assessment; environmental resilience analysis; and strategy formulation.Deliverables:*A detailed methodology and work plan.*Diagnostic and situational analysis reports.*Workshops and presentations.*A final strategy document incorporating stakeholder feedback.Duration and Timeline:*The consultancy is expected to be completed over 14 weeks; from August 2025 to November 2025.Selection Criteria:*Firm Experience: Demonstrated expertise in real estate; urban planning; climate resilience; and financial modeling; preferably in Latin America.*Team Qualifications: Experts in urban planning; climate change adaptation; real estate finance; and legal/regulatory frameworks.*Methodology and Work Plan: Innovative approaches and strong stakeholder engagement strategies.This project presents an exceptional opportunity for firms to participate in the transformation of Asunción's riverfront in Paraguay. By collaborating with various stakeholders; firms can contribute to promoting sustainable urban development. Proposals are invited from firms interested in engaging in this initiative that emphasizes innovation; sustainability; and strategic growth. The objective is to attract private sector participation through innovative solutions that foster social inclusion; climate resilience; and financial sustainability; ultimately shaping the future of the region.