Over the past ten years, the creation of "smart cities" has become a priority area for the development of the digital economy in the world, in our country this direction is just beginning to develop both in legal and regulatory documents, and in economic, social aspects. The achievement of reference points for the spatial development of the economy is due to the implementation of the Smart City project. In our country, the Smart City project is aimed at creating an effective urban management system, creating security and comfortable living conditions for citizens and increasing the competitiveness of Russian cities. The implementation of the national project "Housing and Urban Environment" and the national program "Digital Economy" is being implemented as part of the national project "Smart City", which was developed by the Ministry of Construction of Russia and started in 2018. The implementation of the "Smart City" project is gradually being implemented in various regions of the Russian Federation using digital technologies in urban infrastructure development. The implementation of this project involves taking into account the economic potential of the region, financial resources, human capital (level of education and age of the population), innovation potential, which is determined by the availability and quality of the relevant business infrastructure, scientific, technical and educational base. When implementing each project, risks are not excluded: social, economic, political, technological, which must be taken into account when implementing the Smart City project. The work considered the problems of introducing a national project in the regions, as well as during the analysis highlighted the risks in creating "smart cities." The main directions of trends in the development of "smart cities" are considered: social, economic, technological. The IQ index of the largest "smart cities" for the period 2019-2020 was analyzed. Dynamics of growth of "intellectual" index of digitalization of Russian cities revealed.