Bank’s presence in i-City boost for Shah Alam

Lim: As a digitally driven organisation, i-City Malaysia is a ready-made destination of choice for firms.

WITH the growing importance of decentralisation, i-City Malaysia offers a strategic location in Shah Alam, the capital city of Selangor, with state-of-the-art technology infrastructures allowing businesses to seamlessly relocate and operate.

Maybank securing office space in Sumurwang Tower, soon to be renamed Mercu Maybank at i-City Malaysia, is part of the bank’s ongoing business continuity management and resiliency planning.

The office in Mercu Maybank will cater to new working arrangements resulting from the Covid-19 pandemic, which includes hybrid and remote work considerations.

I-Berhad chairman Tan Sri Lim Kim Hong said they were very pleased with Maybank’s decision to strategically expand its operations to i-City Malaysia.

“As a digitally driven organisation ourselves, i-City Malaysia is a ready-made destination of choice for firms looking to relocate with its world-class infrastructure.

“With the inclusion of Maybank to i-City’s first Grade A, GBI rated corporate tower, we have managed to achieve 80% take-up rate within the first year after completion despite the pandemic.

“The Multimedia Super Corridor-status corporate tower will be home to Fortune 500 companies, financial institutions, multinational corporations and international logistics players,” Lim added.

Spanning 320,000sq ft, the 33-storey corporate tower is a key component in driving i-City to become the financial hub as well as home to global Fortune 500 companies.

The technology city, empowered by related infrastructure and dedicated Internet access powered by a 400G capable high availability network, would be able to facilitate the development of finance and information technology in the services industry.

With the exponential increase in customer consumption and the need for speed, the use of interconnectivity and cloud-based applications to handle more bandwidth is ubiquitous in data centre infrastructure.

The vibrancy of i-City’s financial sector, which is best illustrated by the widespread presence of industry leaders, also helps to consolidate confidence for further expansion.

Efforts will be made to attract more to set up base in i-City including foreign institutions in securities, funds, futures, insurance, pension management and fund advisory.

The higher quality and higher-income job opportunities are envisaged to benefit knowledge-based workers.

In addition to the existing data centre operating since 2008, the group plans to add two more data centres accommodating 100,000sq ft each to meet the surging needs of cloud computing facilities.

Upon completion, i-City will house 25,000 residents and 30,000 knowledge workers.

i-City Malaysia has a gross development value of RM10bil and comprises corporate towers, cyber-office suites, serviced residences, hotels, convention centres, financial hub, data centres, a 1.5mil sq ft Central i-City shopping mall and a leisure theme park.

By year end, I-Berhad will see the completion of DoubleTree by Hilton hotel and Hill10 development. The hotel is slated to welcome guests in 2022.

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