Smart City Malta - A Brief Account

 Smart City Malta is a startling example of how technology can contribute to the transformation of a destination. Quite like similar developmental phenomena in other parts of the world, Smart City Malta incorporates a host of brilliant promises for the betterment of humankind. It is basically a technology park that is still being developed and is likely to be fully completed only in the year 2021. The exact location is in the Ricasoli Industrial Park.

Inspiration has been drawn from the very famous state-of-the-art models of Dubai Media City and Dubai Internet City. The unveiling of the project took place on the 10th of September 2007 by Lawrence Gonzi, Prime Minister of Malta. Work has progressed at a lightning fast pace since then, and things have moved forward as planned. As a result, the first offices of Smart City Malta already opened in 2010. A cumulative cost of 275 million Euros has been estimated for the completion of the project. The entire development spans across an area of 360,000 square meters in total.

Reportedly, Smart City Malta is the first international venture of Smartcity, originating from Dubai Internet and Media Cities of the UAE. It is also the first outing for Smartcity in Europe. It attempts to leverage the cumulative advantages of the membership of European Union, which Malta enjoys, along with the phenomenal Dubai-based revolutions with respect to its information and communications technology parks and media initiatives.

Smart City Malta - Planning and Projections

Initially, Smart City Malta was known to hold a promise of around 3,000 jobs in the city of Malta. However, a new announcement, allocating more space to the park on 23rd of April 2008, made a promise of employing more than 8,500 people. In reality, the park has space to provide work for almost 11,000 people, which makes it one of the major economic centers in the whole of Malta. If you need any kind of information on this article related topic click here: Smart Metering Companies

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