UAE invested Dh1.6 billion to start construction of smart city project

Recently, the United Arab Emirates launched a smart city construction project with a total investment of Dh1.6 billion (local currency). It is estimated that the project will create 25,000 jobs directly in the first 3 to 4 years and expect to create a total of 90,000 jobs in the future. Make Kerala a potential, alternative investment destination. The first stage smart city will be put into use in the first half of 2012, and the entire project will be completed in 2017. This is the news that people familiar with the project have revealed to the press.

The smart city covers an area of ​​8.8 million square kilometers and consists of 25 buildings. The Kerala local government accounts for 16% of the shares in the project. Among them: Tecom Dubai Internet City will focus on marketing, smart cities will allow multinational and international information technology companies to establish their own software development facilities.

The smart city project plan began in 2004, but it was postponed due to various legal and political reasons. The overall framework agreement has undergone many changes. After the project was launched, the members of the board of directors of the smart city held a meeting to discuss and formulate the development and timetable.