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Smart City @ Malta   Commentary
News, views, plans and progress

This column is maintained on the author's personal initiative. Opinions expressed are the author's own and may not reflect official positions. No affiliation with SmartCity@Malta is implied.

  • Summary
  • SmartCity@Malta will be the largest ever private sector ICT project, foreign direct investment and new source of knowledge-based jobs in Malta. It will transform a run-down Ricasoli industrial estate into a knowledge-worker's dream city with all amenities.

  • Timeline
  • 23-Feb-2006 - Advanced framework discussions between TECOM Investments and Maltese Government announced, citing the SmartCity@Malta moniker. More
  • 29-Mar-2006 - Heads of agreement signed. More
  • 16-May-2006 - The TECOM-DIG consortium acquires a 60% controlling stake in MaltaCom, the national telephony company. More
  • 27-Nov-2006 - Negotiations intensity and a few Maltese-Arab sparks fly. Bombshells dropped but shared cultural heritage keeps fire at bay. More
  • 22-Jan-2007 - Successful conclusion to talks on SmartCity@Malta: Cabinet approves agreement framework. More
  • 5-Mar-2007 - SmartCity master plan finalised and presented in Parliament. More
  • 8-Mar-2007 - KPMG issues advisory document: 'Socio-economic impact assesment of the SmartCity (Malta) project'. More
  • 20-Mar-2007 - Unanimous approval after discussion in parliament. More
  • 21-Mar-2007 - TECOM, Sama Dubai to jointly create 'SmartCity' clusters worldwide. More
  • 23-Apr-2007 - Deed and final investment agreement signed. More | Presentation
  • 10-Sep-2007 - Master Plan for SmartCity Malta unveiled at Dubai's Gitex exhibition. More
  • 15-Sep-2007 - Chris Cole appointed Chief Operating Officer. More
  • 11-Oct-2007 - Preparation for demolition at Smart City site begins. More
  • 12-Feb-2008 - SmartCity Malta showcased at Business Park 2008 More
  • 18-Apr-2008 - SmartCity Malta promoted at OutsourceWorld London More
  • 1-Jun-2008 - SmartCity Malta reaches out to Maltese Educators More
  • 14-Jun-2008 - First phase of SmartCity Malta launched. More

  • Future milestones
  • 31-Jul-2008 - Completion of 8% of the office space and welcoming the first tenants.
  • 31-Dec-2015 - Completion of the ICT and media business park.
  • 31-Dec-2021 - Completion of the commercial and residential projects.


    The Mater Dei Hospital, here included for comparative purposes, shares
    a similar footprint with the Commercial part of the SmartCity project.

    [Data from MITI]

  • Related business/technology news
  • 11-Nov-2006 - 550 new jobs in Malta from Lufthansa Technik AG. More
  • 27-Apr-2007 - HSBC UK to invest €7 million in Malta call centre. More
  • 12-Jul-2007 - Into the club - The euro prepares to take in Malta and Cyprus. More
  • 9-Aug-2007 - Malta woos technology wanderers. More
  • 8-Sep-2007 - 6pm Holdings plc plans IPO. More
  • 4-Oct-2007 - How the euro and technology are changing an island economy. More
  • 27-Oct-2007 - Malta termed as 'this year's surprise Smart21 community'. More
  • 25-Nov-2007 - Microsoft Corporation offers internships to Maltese ICT students More
  • 28-Nov-2007 - International conference in Malta to discuss IPTV. More
  • 1-Jan-2008 - Cyprus and Malta adopt the Euro. More
  • 22-Jan-2008 - Marine engineering cluster MARSEC-XL signs on Navico and MTU. More
  • 5-Feb-2008 - General election 2008 set for March 8th. More
  • 23-Feb-2008 - Malta scoops awards for best short haul conference destination. More
  • 10-Mar-2008 - Malta's PM wins close re-election. More
  • 14-Mar-2008 - I.E.E.E. International Symposium (ISCCSP 2008) to be held in Malta. More

  • Facts and figures
  • $300 million investment on 358,000 sqm.
  • 5,600 job target, of which 65% will be in ICT.
  • $3 billion estimated real-estate development value.

  • [Data from MITI]

  • Artistic impressions

  • A place to work,

    a place to live,

    a place to party!

    [Images from MITI]

  • Places

  • Malta in Europe

    SmartCity in Malta
    Ricasoli
    Ricasoli industrial estate

    The land ear-marked for the SmartCity development is home to the derelict Ricasoli industrial estate, where a handful of factories are still operating and will have to be relocated.

    Ricasoli is also adjacent to the Mediterranean Film Studios. These handle projects ranging from blockbuster films to low budget features, television series, commercials and music videos. One of their large water tanks can be seen towards the top-left of the image.


    [Images from Google Maps]

  • People
  • Ahmad Bin Bayat - CEO
    TECOM Investments
    Soud Ba'alawy - CEO
    Dubai Investment Group
    Deepak Padmanabhan - Chairman, SmartCity(Malta) Ltd.

  • Key officials at SmartCity (Malta) Limited
  • Deepak S. Padmanabhan - Chairman of the Board
  • Fareed Abdulrahman, Todd Betts, Falah Al Salman - Board members
  • Chris Cole - Chief Operating Officer
  • Claudio Grech - Chief Executive Officer

  • [Images from MITI and AME Info]

  • A country gearing up...
  • Having yawned an entire career at the pace of ICT and knowledge-work promotion in Malta, I have to say that since Austin Gatt's 2003 appointment in matters ICT-related, the sector has undergone a tremendous boost. Despite an ever present hint of bulldozing, the results speak for themselves. Strategic alliances have been forged with global players such as Microsoft, Oracle, Cisco, and now on an unprecedented scale, with TECOM and DIG. In 2008, following general elections and a cabonet reshuffle, the Investment portfolio was handed over to Tonio Fenech.

    Prime-minister Lawrence Gonzi (left), with Austin Gatt, Minister for Communications & National Projects Tonio Fenech, Minister of Finance, Economy & Investment Juanito Camilleri, Rector, University of Malta

    ICT education also received a nudge. We had shake-ups at MCAST, the main technical college in Malta, boosting capacity for ICT-related courses. In 2006, a new rector, with undeniable ICT-bias, was appointed to the top job at the University of Malta. Even the stipends system was tweaked to favour uptake of technological courses as demanded by trends in industry.

    With the rise in student numbers, a lot remains to be done to ensure that students receive quality tutoring and reach their potential. We need to create exciting opportunities to plug the brain drain of the best and brightest. And we need to push for home-grown hi-tech start-ups, leave the sweat-shop mentality behind us, and really go for innovation.

    All these changes will mean that as SmartCity tenants set up shop in a few years, a bigger and better educated workforce and a better developed hi-tech ecosystem will be ready for the challenges ahead.


  • A local company's setup experience in 2007

    ActivityWhereHow long
    Drafting of Memorandum and Articles of Association Incorporation specialist At least one week
    JACS International   (+356) 21 377 443
    Company incorportation Registry of Companies Less than a week
    MFSA - Registry of Companies   (+356) 21 441 155
    Opening of company bank accounts A local bank Same day service. Approval of credit facilities takes longer.
    Bank of Valletta   (+356) 21 312 020
    IRD number
    (for tax purposes)
    Inland Revenue Department Same day service, by email
    IRD - Income tax section   (+356) 22 962 296
    VAT registration VAT Department Twenty one days for processing
    VAT Department   (+356)21 499 330 / 800 74404
    PE number
    (registration as an employer)
    Inland Revenue Department Same day service, by email.
    Needs VAT number
    IRD - FSS section   (+356) 22 962 348
    Work permits Employment and Training Corporation For third country nationals, ninety days for processing.
    Needs PE number
    ETC - Employment licences unit   (+356) 21 654 940


  • Setup and operational benefits offered in Dubai Internet City
  • No news yet of what will be offered in SmartCity@Malta, but certainly, an attempt to approach the setup and operational benefits offered by competing sites will mean, first and foremost, a clamp-down on administrative overheads, red-tape and public sector bureaucracy that needlessly hamper enterprises in Malta. Small enterprises waste a significant percentage of their productivity dealing with paperwork.

  • Dubai Internet City offers...
  • Free Zone
  • 100% Tax Free
  • 100% foreign ownership
  • No Customs duties
  • Full currency convertibility
  • No restrictions on the repatriation of capital and/or profits
  • No trade barriers or quotas
  • One Stop Shop
  • Simplified incorporation process
  • Hassle-free company laws and legal framework
  • 24-hour visa service
  • Quick access to Knowledge Workers due to fast-track immigration process
  • Infrastructure
  • World’s largest commercial implementer of IP telephony
  • Structured cabling supporting Gigabit applications
  • Scalable broadband internet access to desktop
  • Scalable and serviced office space, land lease options and competitive pricing
  • ICT Cluster
  • Every element of the ICT value chain
  • Channel Development opportunities
  • Networking opportunities
  • Hospitality/Events teams assisting in:
    - Press Conferences, Product Launches, Events, Exhibitions etc.
    - Preferential rates for travel, accommodation & other services

  • [Reproduced from DIC Corporate Presentation]