SmartCity is a conglomerate promoted by Dubai Holding member, TECOM Investments, to develop and manage Knowledge Industry Townships Worldwide.
The vision of SmartCity is to create a global network of self-sustained business townships to foster the knowledge economy.
SmartCity utilizes TECOM’s specialised expertise, in the creation and management of knowledge based industry clusters to create an infrastructure and environment catered to the requirements of knowledge based companies and knowledge workers.
SmartCity has a significant impact on the economies in which it is established and creates vibrant knowledge economy communities which are anchored by leading global, regional and local names in the industry to facilitate knowledge transfer and job creation.
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 its business partners 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 taps into synergies between knowledge-industry centres worldwide.
SmartCity Malta is a self-sustained industry township for knowledge-based companies located in the Ricasoli Estate in Malta.
To be developed by SmartCity, in partnership with the Government of Malta, SmartCity Malta will be home to a vibrant knowledge-economy community anchored by leading global, regional and local companies. SmartCity Malta is set to become the leading ICT and Media cluster in the heart of the Mediterranean and the first European outpost of the global SmartCity network.
With a minimum investment outlay of US $ 300 million, SmartCity Malta will transform Malta into a state-of-the-art ICT and Media business community based on the successful clusters of Dubai Internet City, Dubai Media City and Dubai Knowledge Village.
SmartCity Malta is the largest ever foreign direct investment in the ICT and media sectors ever made in Malta. SmartCity Malta will create the infrastructure to develop a self-sustaining knowledge-based township comprising office space, residential and lifestyle elements. The project is expected to generate 5,600 jobs and create a total of 158,830square meters of office space to host ICT and Media operators.
The first deliverables from the project will be the release of 12,000 square metres of office in 2010.
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 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.