Tecom launches 1st building at SmartCity Malta
Dubai, November 1, 2010
Tecom Investments, a member of Dubai Holding, has inaugurated the first office building (SCM01) at SmartCity Malta, its dedicated IT business park.
The park is Tecom's first overseas venture undertaken by SmartCity, Tecom Investments’ international business parks developer.
The SmartCity Malta model is based on Tecom Investments’ business parks, including Dubai Internet City, Dubai Media City and Dubai Knowledge Village.
“Our joint intention is to develop SmartCity Malta into a major new centre of excellence for knowledge based companies. I believe SmartCity Malta will make a significant contribution to Malta’s economy, by opening up new development avenues, specifically in the IT and IT-enabled services sectors,” added Dubai Holding CEO Ahmad Bin Byat.
The delivery of the 12,000 square metres of office space, three years after the announcement of the project, marks the end of the first phase of the construction of SmartCity Malta.
“SmartCity Malta will help to facilitate UAE-based companies expansion into Europe,” stated Tecom Investments’ Group CEO Abdullatif AlMulla.
SmartCity Malta is the centerpiece of Malta’s transformation from an old economy based on low-cost manufacturing to a new economy based on information and communication technology (ICT). It will generate 5,600 jobs and create more than 105,000 sqm of office space for ICT, media companies and related services.-TradeArabia News Service
More Construction & Real Estate Stories
- Damac launches luxury apartments at Expo site
- Kuwaitis top GCC property buyers in Oman
- Rubber World to showcase at Big 5 Saudi
- Tool to help create effective property listings
- 'Smart' move by Dubai Design District
- Drake unit wins $13m contract in India
- Solar-powered cleaning boats launched in Sharjah
- $27m Expo Hotel Sharjah deal signed
- Arabtec unit wins $282m Emaar contract
- Abu Dhabi to host pool & spa expo
- ADCM unit secures $213m bridging loan
- Cluttons Dubai launches new luxury apartments
- Dubai developer Damac profits triple to $641m
- Dubai to start work on $544m water canal
- Dubai property market can absorb 25,000 units
- Jones Lang LaSalle renamed 'JLL'
- Aldar raises synergy estimate from Sorouh merger
- UAE industrial property sector keeps up growth
- Dubai residential property prices up 26pc
- Majid Al Futtaim to build new mall in Dubai IMPZ
- 300 firms to take part in Dubai property forum
- Naseej inks deal to develop Bahrain projects
- Dadabhai unveils new residential project
- Flowcrete completes Dubai Mall project
- Global asphalt demand hits new high
- $1.3bn infrastructure investment firm set up in Saudi
- Manara sees big project villa success
- Global giants eye RAK utility projects
- Cayan partners with international artist Zsuzsanna
- Samsung, Hyundai win $1.7bn Iraq deals