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SmartCity@Malta
SmartCity Malta with an investment
outlay equivalent to US $300 million will transform the Ricasoli Industrial
Estate in 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 first project of Dubai headquartered SmartCity, the joint venture
company promoted by Dubai Holding members TECOM Investments and SAMA Dubai.
SmartCity Malta is the largest ever
foreign direct investment in the ICT and media sectors ever made in Malta and
SmartCity Malta is expected to generate 5,600 jobs and create total office space
of 103,000 square metres. 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 8,000 square
metres |
