Tecom welcomes progress in SmartCity Kochi project

Tecom Investments, the promoters of SmartCity, has welcomed the progress made in the SmartCity Kochi project in resolving the deadlock which had derailed the project for over three years. The SmartCity Board Members will soon be visiting Kerala to take forward the initiative.

In a statement, Abdullatif AlMulla Group CEO, Tecom Investments said, “We are extremely happy that the project is moving forward. As mentioned in the past, the project is bigger than any issues surrounding it and the recent decisions were taken in the larger interest of the project and various stakeholders associated with it. The recent development is a reflection of our vision for SmartCity Kochi and commitment to the people of Kerala.”

“Our immediate priority is to sign the lease agreement to secure the designated land for the project which will lead to the mission critical SEZ notification of the land. We are in the process of finalising the documentation for land registration as well as putting a process in place for the master plan work to commence”, added AlMulla. He was among the UAE delegation led by Ahmad Humaid Al Tayer, Member Supreme Council for Dubai World Group & Dubai Holding Group that met the Chief Minister on February 02, 2011.

AlMulla, along with SmartCity Board Members will soon travel to Kerala to discuss the operations moving forward and decide on the resource allocation and appointment of the key personnel to achieve the vision of SmartCity Kochi as envisaged. Tecom is quite optimistic that they will be able to complete this project as planned and is confident of fulfilling all the time bound contractual obligations mentioned in the Framework Agreement.

SmartCity is a conglomerate promoted by Dubai Holding member, Tecom Investments, to develop and manage Knowledge Industry Townships Worldwide. 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.

Via