KUALA LUMPUR – Cyberview Sdn. Bhd. (Cyberview) today (December 8) 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, said 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,” said Dato’ Azman Mahmud.
Najib Ibrahim, Managing Director of Cyberview, said, “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.