According to the Al-Bawaba, Dubai Holding on Oct 6 launched the multibillion dollar SmartCity in Seoul, South Korea.
Covering an area of 51 million square feet, SmartCity Korea will be strategically located between the two cities of Seoul and Incheon, close to two international airports.
It was launched in the presence of Mohammad Abdullah Al Gergawi, Minister of Cabinet Affairs and The Future, Chairman of Dubai Holding, in addition to high-level Emirati delegation and a large number of South Korean government officials, businessmen and investors from South Korea and Asia, according to a company statement.
“SmartCity Korea is the latest addition to Dubai Holding’s SmartCity Network, based on His Highness Shaikh Mohammad Bin Rashid Al Maktoum’s vision to build a better and sustainable economy for the people of the UAE and the world. Through smart cities, governments provide their citizens a balanced and comprehensive living environment across all areas of life that include social, professional, economic and environmental,” Al Gergawi said in a statement.
He added that the initiative between the UAE and South Korea will contribute positively to the economies of South Korea and the region, and will play a vital role in furthering relations between the two countries. “Transferring the SmartCity concept to South Korea is undoubtedly a significant step towards reinforcing the UAE’s leadership in urban development innovation and its commitment to knowledge transfer and experience exchange.”
This is the third SmartCity initiative by Dubai Holding. In February this year, Dubai Holding inaugurated Phase 1 of SmartCity Kochi’s operation in Kerala, India. It is a city that is designed to cater to knowledge services and information technology.
