MaltaMedia.com

SmartCity Malta works “expected to accelerate in coming months”

Posted on October 12th, 2009

The board of directors of SmartCity Malta meeting on Sunday said it expects works in Ricasoli “to progress as scheduled and are expected to accelerate in the coming months.”
In a press statement SmartCity Malta said on Sunday it conducted its third quarter’s Board of Directors’ meeting. The Board met to discuss the progress on SmartCity Malta and upcoming developments.

In the meeting, the Board noted the construction developments of Phase One. The ground floor slab of SCM01, the 12,000 sqm office space, has been cast and work has commenced on the remainder of the super structure. The Board also acknowledged that works are continuing to progress as scheduled and are expected to accelerate in the coming months.

The Board while welcoming Fareed Abdulrahman as the acting SmartCity Malta CEO, also announced its upcoming human resources strategy for the remainder of 2009 and the first quarter of 2010, which will include recruitment of various senior and middle management positions. This will be completed by the first quarter of the coming year.

Attending the meeting were the board members of SmartCity Malta, Deepak Padmanabhan, Emanuel Delia, Fareed Abdulrahman and Todd Betts.

Referring to the outcome of the Board of Directors’ meeting, Fareed Abdulrahman commented, “We are very comfortable and confident that SmartCity Malta will be a success story in the Mediterranean. We need to stress that we are prepared to face all the hurdles that accompany the development of a project of this magnitude. We fully respect Maltese people, their culture and values and are proud of being a part of Malta’s Smart Island vision.”

The Board also set a date in December to meet in order to discuss SmartCity Malta’s progress and to review the budget for 2010.

SmartCity Malta is the largest real estate and ICT investment project in Malta and will be erected in Ricasoli.