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Following the discussions, President Abela, Deputy Prime Minister Borg and the delegation were taken on a tour of Tecom's business parks.
President Abela and Almulla discussed a range of topics including an update on the current status of the SmartCity Malta project, a 358,000 square meter state of the art ICT and Media business community based on the successful models of Dubai Internet City and Dubai Media City.
Commenting on his visit, President Abela said:
"I was honoured to visit Internet City and also pleased to follow a presentation about the project SmartCity Malta. It is great to hear from the right source that although the economy is on a slow down, the project is still on track and I augur that this will flow as originally planned for mutual benefits for all parties concerned."
Commenting on the visit, Almulla said: "SmartCity Malta is one of TECOM's flagship international ventures and we are fully committed to ensuring unimpeded progress on this project. As a Eurozone nation, Malta presents an opportunity to tap into the wider European Union market with its half a billion consumers. As such, Tecom Investments considers Malta as a high growth market and essential to our international expansion."
"We are honoured with the visit of President Abela and his delegation to Tecom Investments. During our discussions, I assured the President that in spite of the current economic crisis, the SmartCity Malta project remains a top priority for Tecom, and we are dedicated to ensuring that the first phase of construction will be completed as per agreed upon timelines."
SmartCity Malta is expected to attract an investment of at least $300m, making it the largest foreign investment initiative in the ICT sector in Malta.
The SmartCity Malta project will be the first European outpost for SmartCity. It is expected that global players, a number of which have already demonstrated significant interest in the project, will be able to focus their European operations and business through SmartCity Malta.
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Posted by Nadeen El Ajou
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