CYBERJAYA: The City Centre project will transform Cyberjaya into a global technology hub and a smart city, said the Prime Minister.
Describing the mega project as a “game changer”, Datuk Seri Najib Tun Razak said that with a gross development value (GDV) of RM11bil, it would drive investment to Cyberjaya.
“It will provide the perfect ecosystem and a liveable location, involving mixed development.
“I was made to understand that development work for the first phase is well in progress, with a convention centre and hotel set to be completed in 2019,” said Najib during the celebration of Cyberjaya’s 20th anniversary yesterday.
Covering an area totalling 2.21ha, the GDV of its first phase is estimated to be at RM5.3bil.
Najib, who is also Finance Minister, said Cyberjaya has undergone a “remarkable transformation” in a span of 20 years.
“In 2016, technology companies in Cyberjaya generated revenue of over RM12.5bil. This is a 28% increase from the previous year. The total investments of these companies in 2016 reached over RM8bil,” said Najib.
During the event, 11 major announcements were made, including an Asia Big Data centre, a RM100mil project between Cyberview Sdn Bhd and Winhong Information Technology Corporation.
“The setting up of this Big Data centre will be based on a cloud-based operating system. It will be built in five years and is expected to provide 500 jobs,” he said.