The fifth episode of the Cities and Geopolitics series examines how contemporary geopolitical transformations are increasingly mediated through urban political economies. From industrial policy and strategic investment to financial flows, real estate speculation, and technological development, cities have become central arenas through which geopolitical rivalries are organised, negotiated, and materialised. This episode explores how urban space is reshaped by shifting configurations of global capital, state strategy, and economic governance. Our guests discuss how municipalities, regions, and urban institutions are drawn into broader geopolitical projects through infrastructure investment, development corridors, energy transitions, and competing visions of economic security and growth. In doing so, the conversation highlights how cities are not simply passive recipients of geopolitical change, but active participants in the production of new economic and political orders. At the same time, the episode foregrounds the relationship between political economy and worldmaking. Beyond questions of investment and governance, it considers how urban transformations generate competing imaginaries of the future: visions of technological modernisation, green transition, national development, logistical integration, or alternative forms of urban life and solidarity. These processes are explored not only as material reorganisations of urban space, but also as struggles over how urban futures are imagined, governed, and inhabited. Moving between global economic strategies and situated urban experiences, the episode invites listeners to rethink cities as key sites where geopolitical economies and urban futures are simultaneously produced. In tracing the intersections between finance, governance, infrastructure, and imagination, the conversation foregrounds the contested processes through which contemporary worlds are being made and remade.