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Abdullatif AlMulla, Group CEO, TECOM Investments, Parent Company of SmartCity Malta |
SmartCity, self-sustained industry township in Malta, has announced that it has received the ‘Best Investment Award in Europe' award, recognizing its $300 million investment for the development of SmartCity Malta as the largest foreign direct investment in a European country. The award was presented on the sidelines of the World Investment Conference held at La Baule in France.
Abdullatif AlMulla, Group CEO, TECOM Investments, Parent Company of SmartCity Malta, said, "The SmartCity project is one of TECOM Investments' highly strategic international ventures, and we are confident that this project will offer distinctive value to Malta's economy. The ideal government support, the strategic geographical location of Malta, legislation and incentives offered by the Maltese government, as well as an educated population and developed infrastructure makes Malta an attractive place to invest."
SmartCity's investment in SmartCity Malta involves the shaping of an ambitious self-sustained business township, primarily for the knowledge-based industry, in partnership with the Government of Malta. SmartCity Malta is set to become the leading ICT and media destination in the Mediterranean and the first European outpost of the global SmartCity network. The development comprising office space, residential and lifestyle elements is poised to generate 5,600 jobs in the ICT and media sector.
