Smart City Malta has appointed BV Joint Venture as the general contractor for SCM01, the first office building that will form part of the $300 million township in Ricasoli, where facilities will be the first in the country to have a low environmental footprint rating.

BV Joint Venture is an affiliation between Bonnici Brothers Ltd and Ballut Blocks Ltd.

In 2010, SmartCity Malta will release its first ready-to-operate, state-of-the-art office space building - SCM01 - providing 12,000 square metres of office space with intelligent infrastructure serving as the first milestone for the creation of the vibrant ICT and media hub to which Ricasoli will be transformed.

This will be followed by the supporting release of further office buildings and the other ancillary components, including residential and retail spaces. The prominent emphasis of work-life balance will be evidently notable in view of the wide-ranging value added services and amenities that Smart City Malta will be offering.

Forming part of an innovative global network of self-sustained townships for the knowledge-based industry, Smart City Malta is the first ICT and media township to be developed by Smart City in Europe and the Mediterranean. Based on the highly successful cluster models of Dubai Internet City (DIC), Dubai Media City (DMC) and Dubai Knowledge Village (DKV), Smart City Malta will provide 158,830 square meters of intelligent ICT and media office space, residential, shopping and dining boulevards, panoramic areas and freely accessible open spaces.