NEWS | Wednesday, 13 February 2008

SmartCity: in pursuit of expansion

SmartCity, a global network of self-sustained townships for knowledge-based industries, has taken part in the Business Park 2008 Exhibition in New Delhi, India. On its stand, SmartCity promoted SmartCity Malta, an investment outlay equivalent to US$ 300 million. SmartCity Malta is the largest direct foreign investment in the ICT and media sectors in Malta. The project is expected to generate 5,600 jobs and create a total office space of 103,000 square meters.
SmartCity is a joint venture company promoted by Dubai Holding members, TECOM Investments and SAMA Dubai, and developed from the successful model of Dubai Internet City, Dubai Media City and Dubai Knowledge Village. The three mentioned entities have been exceptionally successful in attracting investments from some of the largest global companies in the ICT, media and education sectors. SmartCity currently has a presence in Dubai, Malta and Kochi, and more are to come.
Fareed Abdulrahman, the Executive Director of SmartCity and Board Member of SmartCity Malta and SmartCity Kochi, attended the event in Delhi and commented “The Business Park 2008 Exhibition provides an ideal platform for the industry and it is a great pleasure for us to take part in such an event”.
The Business Park 2008 Exhibition is one of a kind as it is the only trade show for commercial properties in India. The Exhibition is supported by the Ministry of Commerce and Industry and the World Federation of Free Zones which showcases the sellers – promoters of IT Parks, SEZs, Free Zones, Retail Malls and the buyers – promoters of Software and Bio-technology companies, Industrialists, Facility Managers, Technocrats, Exporters, entrepreneurs etc. SmartCity’s participation in the exhibition is one of the initiatives taken by SmartCity towards expanding business opportunities in India.