The state government has signed a ₹850 crore Foreign Direct Investment (FDI) deal with UAE-based Al Marzooqi Holdings FZC to develop the Meridian Tech Park in Technopark Phase III, Thiruvananthapuram. The landmark agreement marks one of the largest FDI inflows in Kerala’s technology sector in recent years.
Chief Minister Pinarayi Vijayan announced that the project will create over 10,000 new jobs, reinforcing Kerala’s vision of becoming a global innovation and technology hub. The proposed twin-tower complex, each rising 21 floors high, will be constructed on 3.5 acres within the 90-acre Technopark Phase III campus.
The upcoming IT hub will follow LEED Platinum green building standards, emphasizing sustainability, smart design, and a high floor-area ratio to maximise vertical space. Officials said the development will attract multinational firms, expand workspace capacity, and further strengthen Kerala’s reputation as a premier destination for IT investment.
With this FDI partnership, Kerala takes another confident step toward transforming its capital city into a next-generation tech powerhouse that bridges innovation between India and the Gulf.
