Companies that were planning to open offices in a US$300 million (Dh1.1 billion) business park development being built by Tecom in Malta are holding back because of the instability in Libya and the wider region.
SmartCity Malta, which is focused on attracting information and communication technology and media companies, is an office park development similar to Internet City and Media City in Dubai, also developed by Tecom Investments.
SmartCity is a conglomerate promoted by Tecom, part of Dubai Holding, to develop and manage a global network of self-sustained business townships to foster the knowledge economy.
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