ID :
27041
Tue, 10/28/2008 - 16:34
Auther :
Shortlink :
http://m.oananews.org//node/27041
The shortlink copeid
I-CITY A MAGNET FOR INVESTORS TO SELANGOR
SHAH ALAM (Malaysia), Oct 28 (Bernama) -- The I-City project in Section 7 here, will give the state of Selangor a competitive edge in attracting investments, particularly in the highly-competitive service sector, said the state's Chief Minister Abdul Khalid Ibrahim.
The real-estate project, developed by I-Bhd, is equipped with a fibre optic
network connecting the entire 28.8ha development.
Apart from data storage, the project also has other facilities including
hotel, shopping centre, apartments, office space, shops and parks as well as 20
megabit per second broadband connection.
Abdul Khalid said the I-City, a MSC status company, was offering incentives
to investors including tax reliefs from the federal government as well as other
incentives offered by the state government.
The state government would also support I-City's expansion from an ICT park
to an ICT zone in the future, he added.
The I-City would also give opportunities to technopreneurs to expand their
business through the incubator facility here, he said at the launcing of the
project, which is now known as the "I-City International Park Shah Alam".
Abdul Khalid he would also discuss with I-Bhd and other parties to make
Shah
Alam the country's Islamic finance and banking hub.
"This is to provide ample investment options to international companies,"
he
said, adding that I-Bhd could play a role in providing the technology.
He said Selangor was positioning itself as an investment destination for
investors from the East Asian region which had been looking for alternative amid
ongoing slowdown in Europe and the United States.
"They also see Asia and Asean as a new growth centre," he said, adding that
the plan to set up hub would be pursued during the second half of 2009.
The first phase of I-City, involving 44 office units had been completed and
sold out with 50 per cent of them were bought by Al Rahji, a Saudi Arabian
banking group.
I-City has also attracted tenants from the United Kingdom as well as
Singapore.
-- BERNAMA
Down
The real-estate project, developed by I-Bhd, is equipped with a fibre optic
network connecting the entire 28.8ha development.
Apart from data storage, the project also has other facilities including
hotel, shopping centre, apartments, office space, shops and parks as well as 20
megabit per second broadband connection.
Abdul Khalid said the I-City, a MSC status company, was offering incentives
to investors including tax reliefs from the federal government as well as other
incentives offered by the state government.
The state government would also support I-City's expansion from an ICT park
to an ICT zone in the future, he added.
The I-City would also give opportunities to technopreneurs to expand their
business through the incubator facility here, he said at the launcing of the
project, which is now known as the "I-City International Park Shah Alam".
Abdul Khalid he would also discuss with I-Bhd and other parties to make
Shah
Alam the country's Islamic finance and banking hub.
"This is to provide ample investment options to international companies,"
he
said, adding that I-Bhd could play a role in providing the technology.
He said Selangor was positioning itself as an investment destination for
investors from the East Asian region which had been looking for alternative amid
ongoing slowdown in Europe and the United States.
"They also see Asia and Asean as a new growth centre," he said, adding that
the plan to set up hub would be pursued during the second half of 2009.
The first phase of I-City, involving 44 office units had been completed and
sold out with 50 per cent of them were bought by Al Rahji, a Saudi Arabian
banking group.
I-City has also attracted tenants from the United Kingdom as well as
Singapore.
-- BERNAMA
Down
