KUALA LUMPUR: I-Bhd
said its AI-enabled integrated urban ecosystem, i-City, has secured interest from Al Rajhi Banking & Investment Corp (Malaysia) Bhd, reflecting the growing participation of established international institutions in the development.
The property developer said it had inked a sale and purchase agreement with Al Rajhi for the sale of a commercial asset within i-City, strategically located opposite the group’s AI Living development and next to Central i-City Mall.
According to the company, the investment reflects investors’ confidence in i-City’s forward-looking direction, particularly its focus on AI-driven urban living and the integration of emerging technologies such as robotics into the built environment.
“This development reflects continued institutional confidence in i-City’s long-term vision as an AI-enabled urban platform. The participation of global financial institutions adds an important institutional dimension to our ecosystem, complementing the broader mix of residential, commercial and digital infrastructure within the development," said I-Bhd chairman Tan Sri Lim Kim Hong in a statement.
"Our focus on AI Living and next-generation urban solutions is beginning to attract like-minded global players who see value in how cities will evolve in the future.
"Together, the presence of global financial institutions and integrated digital infrastructure positions i-City not just as a place to operate, but as a platform where economic activity and technology converge.”
