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Dubai group to set up smart industrial city in Kerala

Dubai - Rs12 billion project will be set up near Kalamssery, Kochi.

Dubai’s Brixton Group will set up a futuristic and state-of-the-art industrial smart city in the Indian state of Kerala.

It is estimated that the project will cost Rs12 billion and will be set up near Kalamssery, Kochi, over 30 acres of land.

Slated to be completed by 2023, the project will have five business verticals, namely smart mall, business centre, convention centre, smart warehouse and an international academy.

“The UAE and India have been enjoying a close traditional relationship ever since the age of barter system. Today, our flourished relations share political, economic and cultural link. A large expatriate community from Kerala played a significant role in UAE’s evolution as a frontrunner in one of the world’s stable economy. As a trade partner with India and a promising investor in futuristic projects, we have chosen ‘God’s Own Country’ to launch our innovative and futuristic project ‘Industrial Smart City’,” said Sheikh Juma Al Maktoum, chairman of Brixton Group.

Siraj MP, chairman of Brixton Industrial Smart City, said the project has the potential to transform Kerala’s face by boosting its economy.

With robust flow of bilateral investments and an annual bilateral trade of about $60 billion, the UAE is India’s third-largest trade partner. The influential Gulf nation is also a major exporter of crude oil to India.

India is seeking further investments from the UAE in key sectors of the Indian economy such as infrastructure including logistics, food parks, highways, ports, airports, renewable energy and defence.

-waheedabbas@khaleejtimes.com