“They will consist of local and international companies and will add up the more than 60 companies currently operating at the city,” he said after signing a heads of agreement yesterday.
He added that I-Bhd had so far invested RM200mil to RM300mil to develop the smart city since 2005.
The heads of agreement will see the company forming a tie-up with the Malaysian-Russian Business Association and Hexagon Solutions Sdn Bhd to set up a joint centre of innovation in i-City.
The Malaysian-Russian Science Centre will develop, showcase and commercialise technologies from Russia while Hexagon will establish a research and development (R&D) centre with its Indian partner Rajesh Global Solutions.
The centre, which will take up 15,000 to 20,000 sq ft of office space in i-City, will also work with local and foreign universities, research institutions and government agencies.
Malaysia-Russian Business Association president Ruslan Israpil said the agreement would lead to greater collaboration between two countries.
“It will be a win-win situation as we are providing expertise to help local scientists and universities through the R&D of Russian technology while the locals will benefit by getting our knowledge,” he said.
By The Star
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