Cyberview and MIDA Signed MoU for Collaboration to Attract Investments in High Value and Technology-based Services
Cyberview Sdn. Bhd. (Cyberview) today signed a Memorandum of Understanding (MOU) with the Malaysian Investment Development Authority (MIDA) to leverage each other’s capabilities and strength in capitalising domestic direct investment (DDI) and foreign direct investment (FDI) opportunities in Malaysia as their choice location for high and deep technology projects.
Dato’ Azman Mahmud, Chief Executive Officer of MIDA, says that the collaboration in attracting quality investment augurs well for the country’s economy as the market looks to get back in shape post the COVID-19 pandemic. “MIDA seeks to not only promote the development of our industrial ecosystems but also to ensure that the enablers are in place. This includes having the right infrastructure and facilities in place to cater to the requirements of businesses, particularly as we weather this pandemic. This MOU with Cyberview is undoubtedly a step towards this goal. As announced in Budget 2021, Malaysia is seeking to drive more investments in the fields of R&D, Global Trading Centre and Principal Hub. MIDA is optimistic that through this MOU, we will be able to facilitate our investors better as Cyberjaya could potentially be the ideal location for these investments given its well-equipped infrastructure and connectivity, comprehensive smart city masterplan and close radius to public and private universities supplying knowledge workers. We trust that it will translate more quality investments coming into Malaysia, particularly within the technology sphere.”
Najib Ibrahim, Managing Director of Cyberview, said, “We will be working closely with MIDA to entice and bring home sustainable investments in high value services activities including Principal Hub and Global Distribution Centers, innovative and technology-based services. We also aim to increase job opportunities, particularly in tech-related fields as well as encourage capital transfers into Cyberjaya, and ultimately Malaysia. We are confident that this MOU will enhance our city’s innovative ecosystem by spurring R&D&C activities, with efforts focused on technology clusters such as smart mobility, smart healthcare and digital creative, however we are not entirely limited to these three areas. These areas are part of our new masterplan for Cyberjaya that aims to create a unique identity for the smart city as a preferred tech investment location.”
“Forward-looking companies with innovation high on their agenda have been able to focus on gaining their competitive edge amidst the volatility and uncertainties of today’s business environment. Companies are now starting to recognise digitalisation and innovation as strategic elements to ensure business resiliency, continuity, and growth. Organisations that are looking for a quick start to their digitisation journey can explore global tech hubs like Cyberjaya that offers an innovation ecosystem supported by affordable infrastructure, a wealth of human capital, incentives as well as government and regulatory support,” Najib Ibrahim added.
The Government has mandated Cyberview to catalyse Cyberjaya’s journey towards becoming a global tech hub. In its new role as the tech hub developer, Cyberview will focus on key initiatives to advance the development of Cyberjaya, including efforts to cultivate a robust and well-developed ecosystem for the city’s existing and potential companies.
For media enquiries, please contact:
Sikh Shamsul Ibrahim Sikh Abdul Majid
Director, Foreign Investment Promotion Division
Malaysian Investment Development Authority (MIDA)
Phone : +603 2267 6633 Email : [email protected]
Asst. Manager, Public Relations Strategic Communications & Marketing Business,
City and Communications Division Cyberview Sdn Bhd
HP : (016) 260 3520 Email : [email protected]
Note to Editors
About MIDA MIDA is the government’s principal investment promotion and development agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia. Headquartered in Kuala Lumpur Sentral, MIDA has 12 regional and 20 overseas offices. MIDA continues to be the strategic partner to businesses in seizing the opportunities arising from the technology revolution of this era. For more information, please visit www.mida.gov.my and follow us on Twitter, Instagram and Facebook, LinkedIn and YouTube channel.
About Cyberview Sdn Bhd Cyberview has been at the forefront of Malaysia’s development as a technological hub since its inception in 1996. Starting out as the landowner of Cyberjaya, it has grown from strength to strength, until maturing into its current role as the tech hub developer of Cyberjaya. For more information, please visit http://www.cyberview.com.my.
Investors and businesses that are interested in setting up operations in Cyberjaya can contact CISC for end-to-end assistance and facilitation. Services offered include facilitation of market and ecosystem-related matters, talent sourcing, expatriate processes involved and facilitation on land and buildings available in Cyberjaya. The centre also serves as a City Services & Cybercity Manager, facilitating enquiries regarding the township and community of the smart city. To get in touch with the CISC, do call or WhatsApp +603-8750 5170 or email [email protected]