PETALING JAYA: According to I-Bhd
, its artificial intelligence or (AI)-enabled integrated urban ecosystem, i-City, has secured interest from Al Rajhi Banking & Investment Corp (M) 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 Artificial Intelligence 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,” I-Bhd chairman Tan Sri Lim Kim Hong further noted 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,” he said.
“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.”
