Dubai Holding has announced the opening of the Kochi Smart City project in Kerala which aims to create more than 90,000 technology sector jobs in the Indian state by 2020.
Kochi Smart City, developed by Dubai Holding in collaboration with the Kerala state government, is being developed across 246 acres, with 14 million square feet used for the construction of the project, including 6.5 million square feet designed specifically for knowledge services and information technology and related services.
The remaining space will be allocated for schools, colleges, retail shops and hotels, news agency WAM reported.
The opening of the Smart City marks the growing ties of cooperation between the UAE and India, and complements recent successful visits of officials from both the countries.
Narendra Modi, Prime Minister of India, visited the UAE in August 2015, during which he announced his intention to build 100 smart cities in India.
Mohammed Al Gergawi, Minister of Cabinet Affairs and Future, and chairman of Dubai Holding, said that Kochi Smart City project comes within the framework of strengthening partnership and cooperation between the UAE and India.
He said that the Kochi Smart City project, which is similar to Dubai Internet City, is one of the many smart city projects carried out by Dubai Holding in several countries of the world, including Malta Smart City.
“It represents an integrated smart city network based on the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, who visualised more than 17 years back a revolution in the internet sector to promote the UAE national economy, transforming it to a knowledge-based economy,” he added.
“Dubai Holding has adopted a vision for the future based on diversification of investments and sources of income. Our efforts to build smart cities began since establishment of the Dubai Internet City in 1999, to create an economic incubator that enables the major players in the technology sector to manage their business and activities from the UAE successfully at two levels – regional and international,” said Al Gergawi.
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