MSC Cybercentre status for MRCB unit

Shahril RidzaRidzuan

KUALA LUMPUR: Malaysian Resources Corp Bhd's (MRCB) 64.38%-owned subsidiary, Kuala Lumpur Sentral Sdn Bhd (KLSSB), the developer of transportation hub KL Sentral, has been awarded the country's first MSC Cybercentre status. 

KLSSB chairman Shahril Ridza Ridzuan said the Cybercentre would be housed with 70,000 sq ft of its soon-to-be-completed RM300mil Plaza Sentral phase 2 and the upcoming Lot N Tower. 

“Plaza Sentral phase 2 will be the first building in KL Sentral to host technology businesses under the Cybercentre status. We are pleased to host the content incubator and showcase, providing space for an exciting growth industry,” he said at the agreement signing with Multimedia Supercorridor's (MSC) Multimedia Development Corp (MDC) yesterday. 

The Plaza Sentral phase 2 project boasts a net floor area of 600,000 sq ft and houses Plaza Sentral corporate office suites, condominiums and mixed development comprising a one-million-sq-ft retail complex, offices, serviced apartments and a business-class hotel.  

The Plaza Sentral phase 2 is due for completion in the second quarter of this year and the company plans to deliver and manage the RM161mil Tabung Haji-owned Lot N Tower. 

Shahril said KLSSB started working towards attaining the status in 2004 after learning that there was a strong demand for MSC-standard infrastructure, especially by foreign companies. It applied for the status last year. 

(From left) Multimedia Development Corp CEO Badlisham Ghazali, KL Sentral chairman Shahril Ridza Ridzuan and CEO Chan Chee Meng with a model of the KL Sentral development which has been awarded MSC Cybercentre status.  

The building slated for the Cybercentre will be broadband-ready and infrastructure will conform to MDC's requirements. 

Science, Technology and Innovation Minister Datuk Seri Jamaludin Jarjis said the award was part of the government's agenda to roll out the MSC beyond its original 15x15km-wide corridor so that benefits and incentives could reach larger businesses and communities nationwide. 

“We have started with Penang Cybercity 1 in Penang and the Kulim Hi-Tech Park in Kedah and we are now, via KL Sentral, piloting the first Cybercentre in Malaysia,” he said. 

Cybercity and Cybercentre status is awarded to allow more opportunities for the city, township or large building complexes to become an MSC-designated area, which in turn, will provide more dedicated and specialised industry areas for MSC-status companies to locate their operations. 

Jamaludin said the Government was positioning KL Sentral for the development hub of creative content/new media clusters, given its strategic location. 

He added that the ministry would be working with KLSSB to provide the showcase area to effectively market products and services, multimedia laboratories and incubation facilities for start-ups, and small and medium enterprises at competitive rates. 

 MRCB :  [Stock Watch]  [News]

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Next In Business News

'Roaring Kitty' acquires more shares in GameStop
FBM KLCI to move in tight range next week
Bank Islam CEO: Details on 5-year post-restructuring plan to be revealed Wednesday
Tropicana sells 1.85 million Top Glove shares at a loss
CPO futures likely to trend higher next week
Asian LNG spot prices rise as China replenishes inventories
US stops short of branding Vietnam, Switzerland, Taiwan currency manipulators
Oil price down but secures weekly gain on recovery hopes
GLOBAL MARKETS-World stocks at new peaks on strong China, US data
Food for thought

Stories You'll Enjoy