Fareed Abdulrahman, CEO SmartCity said: "We are seeking to increase our market outreach at Gitex as part of an ambitious expansion plan that will eventually see us developing a global network of knowledge economy destinations.
Our first two townships in Malta and Kochi will play an important role in expanding Dubai's knowledge-based business partnerships at the international level by facilitating opportunities and dialogue with both countries."
The Malta Environment and Planning Authority (MEPA) recently approved an outline development permit for SmartCity Malta and granted permission for construction of the project's first state-of-the-art office block, SCM01.
With tenants expected to begin occupying its top-tier office spaces in 2010, the block will be one of the most sophisticated and energy efficient LEED certified buildings in the country.
On completion, SmartCity Malta will offer a combination of ICT and media office space, hotels, a conference centre, retail, food and beverage outlets, residential units and open public spaces. The $300m township, which overlooks the Mediterranean Sea, is the largest foreign investment in Malta and is expected to create 5,600 jobs.
SmartCity Kochi, is a joint venture between SmartCity and the Government of Kerala. The $350m township, which has procured 246 acres of land, will eventually become a major destination for international, regional and local knowledge-based industries in the Southern Indian state. With the crucial role India plays in the global IT sector, SmartCity Kochi is ideally located to realise both Dubai's and Kerala's ambitions to foster knowledge economies.
Riding on the success of Dubai's business industry cluster developments, such as Dubai Internet City, Dubai Media City and Dubai Knowledge Village, SmartCity aims to develop a series of global destinations for knowledge-based companies. These self-sustained townships feature environments conducive to business, intelligent infrastructure and advanced support systems.
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SmartCity targets international investors at Gitex
- United Arab Emirates: Sunday, October 19 - 2008 at 11:50
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SmartCity, a joint venture between TECOM Investments and Sama Dubai, is set to grow its global footprint by targeting international investors at Gitex with two major international projects, SmartCity Malta and SmartCity Kochi, which will eventually form part of a global network of knowledge-based business townships.
Upcoming SmartCity Malta project, artists impression.
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Posted by Lara Lynn Golden, News EditorSunday, October 19 - 2008 at 11:50 UAE local time (GMT+4)
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Notes and Media Contacts »
For more information on SmartCity, SmartCity Malta and SmartCity Kochi please contact:
Saffana Michael/Rukshana D'Mello
Weber Shandwick
T: +971 4 321 00 77/0503827601
F: +971 4 321 17 11
About SmartCity
SmartCity is a joint venture company promoted by Dubai Holding members, TECOM Investments and SAMA Dubai, to develop and manage Knowledge Industry Townships Worldwide. The vision of the company is to be the preferred business park provider that develops a global network of self-sustained townships to facilitate the creation of knowledge based industries.
SmartCity combines; TECOM's specialised expertise, in the creation and management of knowledge based industry clusters, with Sama Dubai's strength in International project management to create an infrastructure and environment catered to the requirements of knowledge based companies and knowledge workers.
SmartCity is based on the successful models of Dubai Internet City, Dubai Media City and Dubai Knowledge Village and provides state-of-the-art infrastructure, environment and support systems that promote the growth of knowledge-based companies.
SmartCity also creates a global network to assist the companies to tap into various markets, opportunities and talent. SmartCity Kochi, along with SmartCity Malta, are the first two projects to be part of the global network of knowledge-based industry townships that SmartCity seeks to develop. This global network fosters productive linkages and tap into synergies between knowledge-industry centres worldwide, thereby contributing to economic development.
For more information please visit www.smartcity.ae
About SmartCity Malta
SmartCity Malta is a self-sustained industry township for knowledge-based companies located in the Ricasoli Estate in Malta. To be developed by SmartCity, a joint venture company promoted by TECOM Investments and Sama Dubai, in partnership with SmartCity and the Government of Malta, SmartCity Malta will be home to a vibrant knowledge-economy community anchored by leading global, regional and local companies.
With an investment outlay equivalent to $300m, SmartCity Malta will transform Malta into a state-of-the-art ICT and Media business community based on the successful models of Dubai Internet City and Dubai Media City.
SmartCity Malta is the largest ever foreign direct investment in the ICT and media sectors ever made in Malta. The project is expected to generate 5,600 jobs and create a total office space of 158,830 square meters. SmartCity Malta will create the infrastructure to develop a self-sustaining township comprising office space, residential and lifestyle elements.
The Government of Malta will invest the land and retain equity of 9 per cent in the project. The first deliverables from the project will be the office space building of more than 12,000 square metres.
About SmartCity Kochi
SmartCity Kochi is a self-sustained industry township for knowledge-based companies located in the city of Kochi, the commercial capital of the south Indian state of Kerala. To be developed by SmartCity, a joint venture company promoted by TECOM Investments and Sama Dubai, in partnership with SmartCity and the Government of Kerala, SmartCity Kochi will be one of India's largest business parks.
Based on the successful models of Dubai Internet City, Dubai Media City and Dubai Knowledge Village, SmartCity Kochi will provide an infrastructure, environment and support systems to promote the growth of knowledge-based industry companies.
Apart from a state-of-the-art business-community infrastructure, SmartCity Kochi will offer a host of business support services as well as residential, hospitality, retail and recreational facilities.
The project has an employment generation potential of over 90,000 jobs. Multiplier effects are expected to bring several other benefits to the state.
About TECOM Investments
A subsidiary of Dubai Holding, TECOM Investments started with the aim of developing the knowledge-based economy in Dubai. This aim addresses a variety of industry sectors including telecoms, media and technology park development. To achieve the ambition of developing the knowledge economy, TECOM successfully initiated a cluster approach in order to tackle each defined component of the knowledge-centric service offering.
The clustered approach proved successful not just in the information and communication technology but also in media, education, and biotechnology sectors. TECOM first launched its telecom operations in 2000 with what was the regions first commercial deployment of converged services over a single IP network, offering a range of corporate and residential services, including IP triple play (TV, telephony and broadband internet). TECOM recently announced the acquisition of a 35% stake in Tunisie Telecom. TECOM's other telecom investments include a Axiom, the largest mobile distributor in the Middle East, and Interoute, a next generation IP network connecting together most countries in Europe.
About Sama Dubai
Sama Dubai is a private company wholly owned by Dubai Holding. The international real estate investment and development company focuses on leveraging synergies across international, regional and local real estate sectors. Its aim is the creation of a world class portfolio of partners, properties and investments which distinguish it as a market leader.
Sama Dubai is active across several segments of the real estate development sector including tower buildings (under the 'Dubai Towers' brand), large scale resorts (under the 'Salam' brand), business developments, mega malls and more. Sama Dubai has an existing presence in; Qatar, Turkey, Morocco, Bahrain and Oman.
Saffana Michael/Rukshana D'Mello
Weber Shandwick
T: +971 4 321 00 77/0503827601
F: +971 4 321 17 11
About SmartCity
SmartCity is a joint venture company promoted by Dubai Holding members, TECOM Investments and SAMA Dubai, to develop and manage Knowledge Industry Townships Worldwide. The vision of the company is to be the preferred business park provider that develops a global network of self-sustained townships to facilitate the creation of knowledge based industries.
SmartCity combines; TECOM's specialised expertise, in the creation and management of knowledge based industry clusters, with Sama Dubai's strength in International project management to create an infrastructure and environment catered to the requirements of knowledge based companies and knowledge workers.
SmartCity is based on the successful models of Dubai Internet City, Dubai Media City and Dubai Knowledge Village and provides state-of-the-art infrastructure, environment and support systems that promote the growth of knowledge-based companies.
SmartCity also creates a global network to assist the companies to tap into various markets, opportunities and talent. SmartCity Kochi, along with SmartCity Malta, are the first two projects to be part of the global network of knowledge-based industry townships that SmartCity seeks to develop. This global network fosters productive linkages and tap into synergies between knowledge-industry centres worldwide, thereby contributing to economic development.
For more information please visit www.smartcity.ae
About SmartCity Malta
SmartCity Malta is a self-sustained industry township for knowledge-based companies located in the Ricasoli Estate in Malta. To be developed by SmartCity, a joint venture company promoted by TECOM Investments and Sama Dubai, in partnership with SmartCity and the Government of Malta, SmartCity Malta will be home to a vibrant knowledge-economy community anchored by leading global, regional and local companies.
With an investment outlay equivalent to $300m, SmartCity Malta will transform Malta into a state-of-the-art ICT and Media business community based on the successful models of Dubai Internet City and Dubai Media City.
SmartCity Malta is the largest ever foreign direct investment in the ICT and media sectors ever made in Malta. The project is expected to generate 5,600 jobs and create a total office space of 158,830 square meters. SmartCity Malta will create the infrastructure to develop a self-sustaining township comprising office space, residential and lifestyle elements.
The Government of Malta will invest the land and retain equity of 9 per cent in the project. The first deliverables from the project will be the office space building of more than 12,000 square metres.
About SmartCity Kochi
SmartCity Kochi is a self-sustained industry township for knowledge-based companies located in the city of Kochi, the commercial capital of the south Indian state of Kerala. To be developed by SmartCity, a joint venture company promoted by TECOM Investments and Sama Dubai, in partnership with SmartCity and the Government of Kerala, SmartCity Kochi will be one of India's largest business parks.
Based on the successful models of Dubai Internet City, Dubai Media City and Dubai Knowledge Village, SmartCity Kochi will provide an infrastructure, environment and support systems to promote the growth of knowledge-based industry companies.
Apart from a state-of-the-art business-community infrastructure, SmartCity Kochi will offer a host of business support services as well as residential, hospitality, retail and recreational facilities.
The project has an employment generation potential of over 90,000 jobs. Multiplier effects are expected to bring several other benefits to the state.
About TECOM Investments
A subsidiary of Dubai Holding, TECOM Investments started with the aim of developing the knowledge-based economy in Dubai. This aim addresses a variety of industry sectors including telecoms, media and technology park development. To achieve the ambition of developing the knowledge economy, TECOM successfully initiated a cluster approach in order to tackle each defined component of the knowledge-centric service offering.
The clustered approach proved successful not just in the information and communication technology but also in media, education, and biotechnology sectors. TECOM first launched its telecom operations in 2000 with what was the regions first commercial deployment of converged services over a single IP network, offering a range of corporate and residential services, including IP triple play (TV, telephony and broadband internet). TECOM recently announced the acquisition of a 35% stake in Tunisie Telecom. TECOM's other telecom investments include a Axiom, the largest mobile distributor in the Middle East, and Interoute, a next generation IP network connecting together most countries in Europe.
About Sama Dubai
Sama Dubai is a private company wholly owned by Dubai Holding. The international real estate investment and development company focuses on leveraging synergies across international, regional and local real estate sectors. Its aim is the creation of a world class portfolio of partners, properties and investments which distinguish it as a market leader.
Sama Dubai is active across several segments of the real estate development sector including tower buildings (under the 'Dubai Towers' brand), large scale resorts (under the 'Salam' brand), business developments, mega malls and more. Sama Dubai has an existing presence in; Qatar, Turkey, Morocco, Bahrain and Oman.
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