The global smart cities market has seen rapid development over recent years. By 2027, it is expected to be worth USD545.7 billion. The development of smart cities today is anchored by the adoption and deployment of disruptive technologies, supported by a collaborative innovation-centred ecosystem of industry players and stakeholders. Advancements in smart cities will not only spur economic growth but will also pave the way for a more sustainable future for communities.
Since its establishment 23 years ago, Cyberjaya has evolved aptly, and today it is a smart city offering an enhanced innovative ecosystem with stellar infrastructure, quality talent pool, and comprehensive support for companies, both domestic and international. The city is currently home to over 400 MSC status companies (including MNCs), 429 start-ups, more than 40 government/GLC organisations, as well as over 900 other business entities.
Advancing Cyberjaya’s Growth
Driving Cyberjaya’s development is a reputable tech hub developer, Cyberview Sdn Bhd (Cyberview). The company is entrusted with the responsibility to empower Cyberjaya’s technology community with a holistic ecosystem to enable the creation, innovation, and worldwide business expansion of the technology industry. As part of advancing the growth of the smart city, Cyberview unveiled a new masterplan; a timely impetus to strengthen the smart city’s position as the preferred tech investment location in the country.
On the back-up of attractive and enhanced incentives, the plan will see 6,960 acres of the city land area divided into four distinct zones, each with unique features and attributes such as:
Ultimately, all four (4) districts within the new masterplan will come together with the singular vision of driving the development of Cyberjaya to be a vibrant Global Tech Hub.
The masterplan will also fall under the purview of the Cyberjaya Implementation Council, chaired by Tan Sri Mohd Zuki Ali, Chief Secretary to the Government and Chairman of Cyberview. The Council takes on advisory and facilitation roles across matters that involve decision-making for Cyberjaya’s development. It also plays a critical role in strengthening strategic collaborations with relevant government organisations and agencies such as the Malaysian Investment Development Authority (MIDA), Ministry of International Trade and Industry (MITI) and Invest Selangor.
Enhanced Innovative Ecosystem
Roni Shah Mustapha, Head of Business at City and Communications Division of Cyberview shares, “In today’s ever-changing world, it is imperative that Cyberjaya is enhanced and revitalised as part of our continuous efforts to grow technology-based industries. An implementation plan detailed by our consultant Roland Berger enables us to strategise on the masterplan to catalyse the growth of Cyberjaya smart city. We are confident that the identified mobility, healthcare and digital creative clusters will drive emerging technology solutions. South Cyberjaya, in particular will arise as the innovation hub for the entire value chain across these three clusters.”
John Low, Co-Managing Partner SEA at Roland Berger said, “The masterplan involves a holistic ecosystem development plan that was formulated based on five key elements – facilities, community, activities, experience and incentives. We have benchmarked across different hubs globally to develop this plan; and from our findings, we sought to create significant differentiations for Cyberjaya. More importantly, we wanted to ensure that the plan is suitable in the Malaysian context and its industries while maintaining regional and global viewpoints. It is planned for the future and designed to create new synergies between companies from various industries and the entire value chain.”
The implementation of the masterplan will spur growth opportunities for tech companies to venture into Research, Development, and Commercialisation (R&D&C). This will attract local as well as global companies to participate in the city’s ecosystem and develop high-value innovations in Cyberjaya, before they are deployed in other parts of the country and even regionally. These companies will also benefit from seamless connectivity and accessibility to ASEAN markets and beyond.
Cyberjaya Investment and Services Centre (CISC)
Investors and businesses that are interested in setting up operations in Cyberjaya may contact the CISC that provides end-to-end assistance and facilitation. Services offered include facilitation of market and ecosystem-related matters, talent sourcing, expatriate processes and land and buildings availability in Cyberjaya. The Centre also serves as a City Services and Cybercity Manager, facilitating enquiries regarding the township and community of the smart city.
To get in touch with the CISC, you may call or WhatsApp +603- 8750 5170 or email [email protected]