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Wed 10 Mar 2010 01:34 PM

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TECOM's $300m Malta project set to open in Oct

First tenants set to move into SmartCity Malta in Sept, says project CEO.

SmartCity Malta, one of Dubai-based TECOM Investment's flagship international projects, is set to welcome its first tenants by the middle of September, it was reported on Wednesday.

CEO Fareed Abdul Rahman did not name the companies but said contracts had been finalised for them to move into the $300m ICT hub which is based on Dubai Internet City.

The first office block, covering 12,000 square metres, will be ready by the end of July and will be officially inaugurated on October 10, the Times of Malta reported.

"We expect the first tenants to start operating by mid-September and the beginning of October," Rahman told the paper, adding the company's marketing efforts were ongoing in several countries including Japan, Korea, Egypt and China.

The announcement quashed earlier reports speculating that construction had slowed down at the project site, Malta's Infrastructure Minister Austin Gatt said.

Rahman told reporters that by October the main road leading to the first office block would be ready, including landscaping on its sides.

The second phase would see other office, retail and residential blocks going up around the central lagoon, the paper reported.

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