Cyber world

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Hafidz Hashim
Cyberview Managing Director Ir. Hafidz Hashim

Cyberview Sdn Bhd, the landowner and entity responsible for spearheading development in Cyberjaya, the hub of Malaysia’s Multimedia Super Corridor (MSC Malaysia), is searching the globe for contractors to build its latest project – a proposed City Centre covering more than 140 acres.

As of September 2011, the company was inviting incorporated local and international companies with a paid up capital of at least RM50 million to propose the master development plan, purchase and develop part of the land, and build a development that caters for the surrounding community while offering an international flavour to Cyberjaya.

Cyberjaya is known as Malaysia’s Silicon Valley, and Cyberview Managing Director Ir. Hafidz Hashim said potential GCC investors would find the prospect attractive.

“I know they [GCC investors] are always looking for opportunities to invest,” said Ir. Hafidz. “Apart from within the planned Cyberjaya City Centre, the cybercity itself already has a projected RM3.73 billion worth of developments in the pipeline for 2012.”

The real estate sector is among the hot investment targets for GCC investors looking for safe destinations to which to allocate their money.

Reports indicate that property investment in Malaysia from the United Arab Emirates increased 11.3 per cent in the third quarter of 2011 compared to the same period in the previous year.

Ir. Hafidz said Cyberjaya is an ideal location for ICT companies from the GCC to set up base.

“Cyberjaya is designed with high-technology infrastructure, amenities and facilities that befit its status as a choice location for ICT and multimedia, as well as one of the primary international locations for the global shared services and outsourcing sector. It truly is a one stop centre in terms of setting up businesses.”

Investments in Cyberjaya have other benefits and incentives, including tax allowances for up to ten years, uncensored Internet, unrestricted hiring of local and foreign knowledge workers, and freedom of foreign ownership for MSC Malaysia status companies without the need for local ownership requirements.

All these are enshrined in the MSC Malaysia 10-Point Bill of Guarantees, a set of incentives and privileges that reflect the Malaysian government’s intention to provide an environment that is conducive to the development of MSC Malaysia status entities.

Cyberview is actively promoting investments in Cyberjaya, and is hoping foreign companies are lured by the city’s incentives to set up operations.

The company had a presence at the recent MIPIM Asia 2011 in Hong Kong, the region’s premier real estate conference, to promote Cyberjaya. Other international exhibitions that had the participation of Cyberview in 2011 included CeBIT in Germany, CommunicAsia in Singapore, and GITEX in Dubai, the latter of which gave the company opportunities to highlight business investment opportunities and the innovation produced by Cyberjaya-grown SMEs.

The city boasts more than 500 commercial entities, including about 300 companies with special MSC status and more than 25 multinationals such as IBM, HSBC, Shell, and Dell.

Cyberjaya experienced a dynamic year 2011, tripling its 2010 land acreage sold from 203.83 acres at RM404.30 million to 646.30 acres valued at RM1.23 billion for 2011. This brings the total investments into Cyberjaya for 2011 to RM3.04 billion to date.

The city added 5,000 new housing units in 2011 – double that of 2010 –, and expects 35,000 residents over the next three years.

Dozens of projects for international and domestic corporations have been completed since Cyberjaya was created in the 1990s by former Prime Minister Tun Mahathir Mohamed, who wanted to boost Malaysia’s standing in the global ICT industry.

These projects now fill Cyberjaya’s cityscape, and include the Mahindra Satyam Malaysia Global Solution Centre (completed in July 2009), Basis Bay Data Centre (March 2009), Impact Building (February 2009), SME Technopreneur Centre Cyberjaya 2 (October 2007), Dell Global Business Centre (July 2007), Sports Arena (July 2006), SME Technopreneur Centre Cyberjaya 1 (February 2005), Limkokwing University of Creative Technology (July 2004), CUCMS (February 2004), KRU Studios (October 2009), and International School, Phase 1 (September 2010).

This is in addition to various public amenities and transport services available in the area, which lies close to the administrative capital of Putrajaya and only 20 minutes from the Kuala Lumpur International Airport. Coupled with extensive linkages via expressways and highways to the rest of Klang Valley, Cyberjaya looks well set to grow into a well-integrated and cosmopolitan community that is testament to Malaysia’s key position in the global knowledge economy.

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Reading Time: 3 minutes

Cyberview Managing Director Ir. Hafidz Hashim

Cyberview Sdn Bhd, the landowner and entity responsible for spearheading development in Cyberjaya, the hub of Malaysia’s Multimedia Super Corridor (MSC Malaysia), is searching the globe for contractors to build its latest project – a proposed City Centre covering more than 140 acres.

Reading Time: 3 minutes

Hafidz Hashim
Cyberview Managing Director Ir. Hafidz Hashim

Cyberview Sdn Bhd, the landowner and entity responsible for spearheading development in Cyberjaya, the hub of Malaysia’s Multimedia Super Corridor (MSC Malaysia), is searching the globe for contractors to build its latest project – a proposed City Centre covering more than 140 acres.

As of September 2011, the company was inviting incorporated local and international companies with a paid up capital of at least RM50 million to propose the master development plan, purchase and develop part of the land, and build a development that caters for the surrounding community while offering an international flavour to Cyberjaya.

Cyberjaya is known as Malaysia’s Silicon Valley, and Cyberview Managing Director Ir. Hafidz Hashim said potential GCC investors would find the prospect attractive.

“I know they [GCC investors] are always looking for opportunities to invest,” said Ir. Hafidz. “Apart from within the planned Cyberjaya City Centre, the cybercity itself already has a projected RM3.73 billion worth of developments in the pipeline for 2012.”

The real estate sector is among the hot investment targets for GCC investors looking for safe destinations to which to allocate their money.

Reports indicate that property investment in Malaysia from the United Arab Emirates increased 11.3 per cent in the third quarter of 2011 compared to the same period in the previous year.

Ir. Hafidz said Cyberjaya is an ideal location for ICT companies from the GCC to set up base.

“Cyberjaya is designed with high-technology infrastructure, amenities and facilities that befit its status as a choice location for ICT and multimedia, as well as one of the primary international locations for the global shared services and outsourcing sector. It truly is a one stop centre in terms of setting up businesses.”

Investments in Cyberjaya have other benefits and incentives, including tax allowances for up to ten years, uncensored Internet, unrestricted hiring of local and foreign knowledge workers, and freedom of foreign ownership for MSC Malaysia status companies without the need for local ownership requirements.

All these are enshrined in the MSC Malaysia 10-Point Bill of Guarantees, a set of incentives and privileges that reflect the Malaysian government’s intention to provide an environment that is conducive to the development of MSC Malaysia status entities.

Cyberview is actively promoting investments in Cyberjaya, and is hoping foreign companies are lured by the city’s incentives to set up operations.

The company had a presence at the recent MIPIM Asia 2011 in Hong Kong, the region’s premier real estate conference, to promote Cyberjaya. Other international exhibitions that had the participation of Cyberview in 2011 included CeBIT in Germany, CommunicAsia in Singapore, and GITEX in Dubai, the latter of which gave the company opportunities to highlight business investment opportunities and the innovation produced by Cyberjaya-grown SMEs.

The city boasts more than 500 commercial entities, including about 300 companies with special MSC status and more than 25 multinationals such as IBM, HSBC, Shell, and Dell.

Cyberjaya experienced a dynamic year 2011, tripling its 2010 land acreage sold from 203.83 acres at RM404.30 million to 646.30 acres valued at RM1.23 billion for 2011. This brings the total investments into Cyberjaya for 2011 to RM3.04 billion to date.

The city added 5,000 new housing units in 2011 – double that of 2010 –, and expects 35,000 residents over the next three years.

Dozens of projects for international and domestic corporations have been completed since Cyberjaya was created in the 1990s by former Prime Minister Tun Mahathir Mohamed, who wanted to boost Malaysia’s standing in the global ICT industry.

These projects now fill Cyberjaya’s cityscape, and include the Mahindra Satyam Malaysia Global Solution Centre (completed in July 2009), Basis Bay Data Centre (March 2009), Impact Building (February 2009), SME Technopreneur Centre Cyberjaya 2 (October 2007), Dell Global Business Centre (July 2007), Sports Arena (July 2006), SME Technopreneur Centre Cyberjaya 1 (February 2005), Limkokwing University of Creative Technology (July 2004), CUCMS (February 2004), KRU Studios (October 2009), and International School, Phase 1 (September 2010).

This is in addition to various public amenities and transport services available in the area, which lies close to the administrative capital of Putrajaya and only 20 minutes from the Kuala Lumpur International Airport. Coupled with extensive linkages via expressways and highways to the rest of Klang Valley, Cyberjaya looks well set to grow into a well-integrated and cosmopolitan community that is testament to Malaysia’s key position in the global knowledge economy.

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