Cyberjaya seen getting RM1b investments

The nucleus of MSC Malaysia, Cyberjaya, is expected to receive more than RM1 billion in investments in the next 12 months from the US, Europe, South Korea and two local companies.

Setia Haruman Sdn Bhd chief executive officer C.K. Lao said a few sub-contractors are negotiating with several companies on the possibility of setting up facilities in Cyberjaya.

"Two companies, involved in data centre services and departmental store, are from the US while another two are banking companies from Europe and South Korea.

"We are in advanced stage of discussions with a few companies who have shown keen interest to relocate to Cyberjaya,” he told a media briefing at the World Congress of Information Technology 2008 which ended yesterday.

Lao said the company has more than 10 on-going projects.

"Among them are development of data centre building for Bank Negara Malaysia, Road Transport Department, Telekom Malaysia, IMPACT Building and CSF Advisers Sdn Bhd,” he said.

Cyberjaya township covers 2,800 hectares and it has become a choice destination for global information and communications technology (ICT) operations.

It is ranked as one of the top three global destinations for business support services and outsourcing.

The township is home to multinational companies such as Shell, EDS, Ericsson, BMW, HSBC, DHL, Motorola, Dell, Satyam, Wipro and Nokia.

Setia Haruman is the master developer of Cyberjaya.

Meanwhile, Lao said the company is considering opening up new areas for high-end data centre amid higher demand.

"We hope we can continue to build an attractive home for data centre and any ICT-related activities,” he said.

By Bernama