Smartcity developers tell Labour project needs long-term approach
Dubai owners tell Joseph Muscat they will honour contract requirements ‘in line with current international context’.
The developers of Smartcity Malta have reassured their commitment to Malta and their investments on the island, after hosting a delegation of the Labour party in Dubai led by party leader Joseph Muscat.
In a joint statement, Tecom Investments - part of the state-controlled Dubai Holdings - reaffirmed it will continue meeting the requirements stipulated in their contract with the government "in line with the current international context", a statement that hints at the current slowdown on works at the Xghajra internet village.
Works at Smartcity slowed down drastically over the past years following the 2008 financial crisis, with a pledge for thousands of jobs not yet having materialised.
In the meeting with Dubai Holding chief executive Ahmad Bin Byat and Smartcity CEO Fareed Abdulrahman, as well as Deepak Padmanabhan, chairman of Tecom subsidiary Go plc, Muscat discussed the prevailing conditions in the telecommunications firm, current market trends and employee management.
Tecom said in its statement that Smartcity needed a long-term approach "an approach that [we] have been advocating since inception" and called for continuous synergy in promoting SmartCity Malta.
Muscat said Labour was reaffirming its support for SmartCity Malta and stressed that it must be seen as a national project. "While continuing to hold the current administration responsible for all its political pledges regarding SmartCity Malta, a new government, if elected, would honour the ongoing commitments and will provide a new impetus to the project's progress," Muscat said.
Labour said in its statement that Tecom had to work to attract investment to Malta irrespectively of the Maltese electoral calendar. "Such investments would have the support of Partit Laburista," the PL said.