TECOM and Sama Dubai to Jointly Create ‘SmartCity’

TECOM Investments and Sama Dubai, both members of Dubai Holding, today announced the formation of ‘Smart City’ a joint venture company which will develop and manage knowledge industry townships worldwide. ‘Smart City’ will combine TECOM’s specialised expertise, in the creation and management of knowledge based industry clusters, with Sama Dubai’s strength in international real estate development to create an infrastructure and environment catered to the requirements of knowledge based companies and knowledge workers.

Sama Dubai has developed a broad portfolio of business models for each one of its real estate categories.

‘Smart City’, which is expected to have a significant impact on the economies in which it is established, will create vibrant knowledge economy communities which are anchored by leading global and regional names in the industry to facilitate knowledge transfer and job creation.

‘Smart City,’ headquartered in Dubai, has the mandate to explore new markets with high potential for the development of knowledge clusters. The company’s current portfolio includes projects in Malta and India among others.‘Smart City’s’ vision is to explore and lead international expansion of knowledge driven clusters that are, inspired by Dubai’s successful models and developed with a focus on knowledge-based activities such as ICT , media and education. The new company aims to harness the power of these clusters to effectively diffuse the knowledge-based economy approach and facilitate technological and economic development.