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