Investors urged to help transform Cyberjaya into global technology hub:
http://www.newsarawaktribune.com/news/1959...technology-hub/KUALA LUMPUR: Cyberview Sdn Bhd, the entity spearheading the development of Cyberjaya, is calling on technology companies, both foreign and local, to set up operations in the area in efforts to transform Cyberjaya from the premier ICT hub to a global technology hub.
Cyberview’s ambitious aim is by leveraging on the upcoming Malaysian Global Innovation and Creativity Centre (MaGIC) that will be set up in Cyberjaya, as part of the government’s efforts to spur entrepreneurship, creativity and innovation.
“We are identifying other focus areas such as big data, cloud, social business and technology-related activities for Cyberjaya,” Cyberview Managing Director Faris Yahaya said.
The new niche areas would complement the current clusters of information technology, shared services and outsourcing as well as creative multimedia in the hub.
Elevating Cyberjaya to a global scale would attract more foreign direct investments into the country, help strengthen local technology firms and create a high-value workforce, he said after a visit to the Malaysian National News Agency, Bernama.
“Cyberjaya will appeal to multinationals (MNCs) for more infrastructure investments,” he said.
Cyberview also intends to team up with more joint venture partners in developing the remaining land in Cyberjaya as well as in the mixed development of Cyberjaya City Centre.
“We hope to work with partners such as those from the technology, lifestyle and healthcare sectors to further develop Cyberjaya,” he said.
Present at the briefing were Bernama General Manager Datuk Yong Soo Heong, Deputy Editor-in-Chief for Domestic News Datuk Zakaria Abdul Wahab, Deputy Editor-in-Chief for Bernama Economic Service Amer Hamzah, and Deputy Editor-in-Chief for Bernama TV Mokhtar Hussain.
Cyberview is talking to partners including renowned property developer SP etia Bhd to develop the RM6 billion Cyberjaya City Centre, a mixed development project of commercial, residential and corporate office space.
The deal with SP Setia is expected to be finalised by the second quarter of this year, with the property developer undertaking the first two phases, he said.
Cyberview hopes to rope in more partners for other phases of the project, he added.
Currently, some 607 hectares (ha) of land in Cyberjaya housing over 800 companies including 38 MNCs, have yet to be developed. Out of this, 106.4 ha has been earmarked for development by Cyberview, Faris said.
Cyberview expects the gross development value of Cyberjaya to hit RM20 billion by 2016, up from RM11.1 billion in 2013.
One of the major projects underway include the RM1.05 billion housing project undertaken by Cyberview and Gadang Holdings Bhd.
Spread over 50 ha in Cyber 9, the mixed-use project is divided into four phases and involves the construction of 2,500 housing units. - Bernama
Jan 15 2014, 10:37 PM
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