Three firms to invest RM600 mil in Medini

Three companies have committed a total investment of about RM600 million to set up business services operations in Medini, Iskandar Malaysia, over the next five years.

i2M Ventures Sdn Bhd managing director Zulfiqar Zainuddin, in announcing the decision, said the investments by the companies, Brandt International Sdn Bhd, Vision Technology Consulting Sdn Bhd, and Goldbury Communications Sdn Bhd would generate up to 1,100 jobs.

Speaking to reporters after the opening of the International Outsourcing Forum Locations Asia here today, he said the employment opportunities would be created in information technology outsourcing, business process outsourcing (BPO), client management, and consulting services.

“Apart from this, there are more (new investments) in the pipeline. So far, six companies have put forward their commitment in creating up to 3,000 jobs in Medini,” Zulfiqar said.

He hopes these new investments would accelerate the development of an exciting eco-system towards the creation of a world-class business services destination.

Present were Malaysian Investment Development Authority chief executive officer Azman Mahmud and Iskandar Regional Development Authority chief executive officer Ismail Ibrahim.

Homegrown Goldbury is establishing a global information technology (IT) automotive hub in Medini and would focus on the implementation and support of SAP solutions developed by software company, SAP SE, among automotive industry players.

As for Brandt International, it will set up BPO and knowledge process outsourcing (KPO) that will offer higher value business process managed services, primarily in the areas of new digital and creative service, resource management and IT, among others.

Vision Technology Consulting, on the other hand, will develop a near shore development centre that will provide Oracle technology implementation, Oracle-related outsourcing services, and enterprise mobility solutions.

i2M Ventures, is a wholly owned subsidiary of Khazanah Nasional Bhd, which has been tasked to develop strategic investment promotion initiatives for business services/shared services and outsourcing (SSO) in Iskandar Malaysia.

Meanwhile, Azman, in his speech earlier said the SSO industry is gaining rapid momentum and showing an excellent track record.

“As of December 2014, the industry attracted over 340 foreign and multinational companies to set up regional and global SSO centres in Malaysia, employing 82,000 people and contributing 16% to the national gross domestic product,” he said.

Posted on : 05 March 2015
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Last Updated : Thursday 17th October 2019