Project is said to have already bolstered the island’s economy
Deepak Padmanabhan has been appointed CEO of SmartCity Malta, as per a statement from global investment holding company, Dubai Holding.
The organisation is working with the Government of Malta to develop a 360,000sqm business and technology park adjacent to the island’s Valletta Grand Harbour.
Dubai Holding says that Padmanabhan is already a respected figure in Malta’s business economy – he led local telecommunication company GO as chairman for more than a decade. Padmanabhan has also served on the board of SmartCity Malta since the project’s inception.
Khalid Al Malik, chairman of SmartCity Malta and chief real estate officer of Dubai Holding, said:
“We are committed to the development of SmartCity Malta, and are pushing ahead with the next phase of the development. SmartCity Malta will become a vibrant community where people will live, work, and play. We have appointed one of our most experienced and accomplished executives to lead the development. Padmanabhan brings a wealth of expertise, including experience in mergers and acquisitions, strategy and business development, transformation and long-term value creation.”
The investing holding firm says that it is determined to create a central innovation hub, noting that it will drive Malta’s growth long into the future. Dubai Holding notes that the development has already helped Malta’s economy mature.
SmartCity is the international arm of TECOM Investments business parks.