Latest Developments of SmartCity Kochi

SmartCity putting off new developings


Smart city Kochi News on September 8, 2007



Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance and Industry takes a closer look at the proposed model of Smart City - the Technology and Media Free Zone Authority (TECOM) and the Kerala Government joint venture to be set-up in the Southern Indian state of Kerala, India, after inaugurating the Gitex.

Dubai: SmartCity says it has its hands full.

The UAE-headquartered builder of technology cluster developments is putting off new projects as it focuses on its $650 million of investments in Malta and Kerala. Both may take 10 years to complete.

Click here to see the Gitex event details (pdf)

The corporation, a joint venture between Tecom Investments and Sama Dubai, has being courted by several would-be partners, according to Tecom's CEO.

"We are getting requests from many, many countries," said Abdul Latif Al Mulla. "But we want to take our time to build our foundation." The new company launched its corporate identity yesterday during the opening ceremonies of the Gitex IT exhibition in Dubai yesterday.

Fareed Abdul Rahman, SmartCity's executive director, said, "We want to show we're committed to these two projects." But with the Indian economy experiencing dynamic growth, he said SmartCity will be watching the market closely going forward.

Construction of both projects could begin in October, said Abdul Rahman, although the masterplan of SmartCity Kochi in Kerala is not complete yet.

The new corporation leverages Sama Dubai's project management experience and Tecom's expertise in creating IT-focused economic zones such as Dubai Internet and Media City.

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