|Iskandar Malaysia To Have MSC Cyberport In Kulai
JOHOR BAHARU, May 13 (Bernama) -- MSC Cyberport Sdn Bhd will develop an MSC Cyberport, the first Malaysian Cybercity, at Indah Pura in Kulai, which will be a city under Iskandar Malaysia, Johor Menteri Besar Datuk Abdul Ghani Othman said on Tuesday.
The co-chairman of the Iskandar Regional Development Authority (IRDA Malaysia) said the project will be a joint venture between MSC Cyberport and Kumpulan Prasarana Rakyat Johor (KPRJ), a wholly-owned subsidiary of the state government.
"Phase 1 of the project will have a gross development value (GDV) of around RM460 million and will commence by the end of this year and be completed by the end of 2011," he said before witnessing the signing of a memorandum of understanding (MoU) between IRDA Malaysia and MSC Cyberport Sdn Bhd.
The chief executive officer of MSC Cyberport, Ganesh Kumar Bangah, said Bandar MSC Cyberport will be developed over eight years with an estimated overall GDV of RM1.16 billion.
The first phase of the project on 33 acres, he said, is expected to be ready in parcels by 2010 and will be fully completed by 2011.
He also disclosed that MSC Cyberport will sign an MoU with a foreign developer next week on the development of Bandar MSC Cyberport.
The foreign firm, according to him, has wide experience in developing special IT economic zones in India and elsewhere.
On another note, Bangah said that since Johor was awarded MSC Malaysia status in August 2006, 50 companies in the state have attained MSC Malaysia status with another 100 in the pipeline to attain the status.
"These 50 companies today hire an estimated 1,500 knowledge workers both in and outside Menara MSC Cyberport. These companies serve not only local and regional but also global customers from as far as the United Kingdom to as close as Indonesia and Singapore," he added.
The occupancy of Menara MSC Cyberport today, according to him, has also increased, from a mere 30 percent occupancy in 2006 before attaining the MSC Malaysia status to about 80 to 85 percent today.
With the influx of new investments in MSC Cyberport Johor, this building is expected to be fully occupied by next year, said Bangah.