This document focuses on industrial renewal processes on the conceptual, methodological level. It argues that a city that desires stability and growth must consider the interface between urban and industrial renewal processes, and integrate them in an informed manner. The document focuses on older industrial zones in existing cities. There are many answers to the question of why it is important to promote industrial renewal in veteran urban industrial zones. Some key points: The city needs industry and the industry needs the city. Adaptation to current and future modes of production. Rehabilitation and development of infrastructure. Industrial renewal relates to, and is part of, a general trend of urban renewal. Beyond the importance of promoting industrial renewal, it is imperative for national and municipal government bodies to intervene in the process. In order for the city to be suitable for traditional and advanced production, it is critical to take a proactive approach, which requires a high level of political commitment to adopt industry in the city as an inseparable part of its long-term vision of urban development. The complexity and multidimensionality of industrial renewal requires a range of partnerships between private market and public sector entities.