Dubai Holding reiterates commitment to SmartCity Malta with appointment of CEO
Dubai Holding reiterates commitment to SmartCity Malta with appointment of CEO
October 9, 2017- Dubai Holding, the global investment holding company, today announced the appointment of Deepak Padmanabhan as Chief Executive Officer of SmartCity Malta
Dubai Holding, the global investment holding company, today announced the appointment of Deepak Padmanabhan as Chief Executive Officer of SmartCity Malta. A long-term collaboration with the Government of Malta, SmartCity Malta will be a 360,000 square metre business and technology park directly adjacent to the country’s Valletta Grand Harbour.
Khalid Al Malik, Chairman of SmartCity Malta and Chief Real Estate Officer of Dubai Holding, said:
“Dubai Holding is committed to the development of SmartCity Malta, and we 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. Mr Padmanabhan brings a wealth of expertise, including experience in mergers and acquisitions, strategy and business development, transformation and long-term value creation.”
Mr Padmanabhan is a respected figure across Malta’s business community, having led the local telecommunications company GO plc as Chairman for more than a decade. He has also served on the board of SmartCity Malta since its inception.
Mr Al Malik continued:
“We are determined to create a central innovation hub, which will serve as the heartbeat for continued growth in Malta long into the future. This undertaking is a long-term partnership between Dubai Holding, the Government of Malta, SmartCity Malta’s business partners, employees and stakeholders everywhere.”
Since the announcement of the development, the local economy of Malta has matured considerably. The plans for the development of SmartCity Malta have evolved in line with the needs and objectives of the local business community. SmartCity Malta has made progress on a number of fronts including, significant investments in the infrastructure and development in the southern part of the island, transforming a formerly derelict area into an attractive destination for knowledge-based businesses. SmartCity Malta will create the ideal infrastructure, support systems, environment and lifestyle for the people working in the industry.
Khalid Al Malik, Chairman of SmartCity Malta and Chief Real Estate Officer of Dubai Holding
Dubai Holding is committed to the development of SmartCity Malta, and we are pushing ahead with the next phase of the development. SmartCity Malta will become a vibrant community where people will live, work, and play.