CYBERJAYA, May 31 — Datuk Seri Najib Razak has announced 11 major projects and initiatives to turn Cyberjaya into a smart city model.
The Prime Minister said they were the Cyberjaya City Centre, the Cyberjaya Innovation Fund for the Future (CIFF), the Financial Technology (FinTech) Regional Hub, the Cyberjaya Futurise Centre, the Blue Ocean Entrepreneurs Township (BOET).
He said the others were the Asian Big Data Centre, the Klang Valley Data Centre (KVDC), high-speed internet facilities, the Cyberjaya Hospital, the Sensor Applications Innovation Centre (SONIC), and CBJ4Annex Data Centre expansion.
“The Smart City is an inclusive implementation in creating a comprehensive technology ecosystem in people’s lives.
“Undoubtedly, it is a development concept, which is very popular around the world, in line with the latest technological developments,” he said when launching the Cyberjaya Smart City with the motto “Innovation Drives the Smart City Transformation”, here today.
Najib, who is also Finance Minister, said the creation of a conducive digital ecosystem through the smart city in Cyberjaya could help connect people through their existing infrastructure with technology that could improve the quality of life, create more efficient urban management, and improve sustainability, and simultaneously stimulate continuous innovation.
He said the Cyberjaya City Centre project would be a game changer that would complement the transformation of Cyberjaya into a Global Technology Hub and smart city.
“The development should be in line with government’s aspiration to ensure empowerment in the use of technology among the people continues to be supported by improvements in technology infrastructure, as we can see in Cyberjaya today,” he said
On the CIFF, which will be managed by Cyberview Sdn Bhd, Najib said a RM100 million would be set up to support the creation and acceleration of innovation to provide solutions to the challenges in the Cyberjaya Smart City development.
“This is a unique geocentric fund for entrepreneurs, startups or small and medium enterprises (SMEs), either local and international, with the aim of becoming a catalyst for the creation of intellectual property through proof of concept (POC) and scale business development for the Cyberjaya Smart City projects,” he said.
In the quest to create a cashless society, Najib said Cyberview Sdn Bhd, Barrington Group Co Ltd and Beijing Fullrich Information Technology Limited had signed a memorandum of understanding for the establishment of fintech within the next five years.
“This hub will offer a range of services, including mobile payment, smart banking solutions, risk management and big data analytics.
“With the opening of this hub, about RM60 million will be invested, for which 300 high-value and innovation-oriented jobs will be created, here.
“It is estimated that a total of 3.2 billion transactions will be carried out in the fifth year of operation, equivalent to almost RM80 billion worth of transactions involving approximately 10 million fintech consumer products,” he said.
Najib said the Cyberjaya Futurise Centre, which will be set up at the Malaysian Global Innovation and Creativity Centre (MaGIC), will act as a hub of the country’s future innovation pioneer.
It will see corporate players, institutions of higher learning and entrepreneurs collaborate and generate products valued at RM100 million in the development of innovation initiatives effectively, he said.
On the development of BOET on a 1.6-hectare site, Najib said it would strengthen the existing ecosystem in Cyberjaya in providing a conducive environment for entrepreneurs and startups.
It is not only physical infrastructure but also in terms of improved skills through entrepreneurship programmes and support systems and exposure to a wider business network, he said.
“With its strategic location in southern Cyberjaya, good infrastructure and ecosystem at present, the project is expected to have a major impact on the development of entrepreneurship in Malaysia.
“The BOET project targets more than 500 jobs and create more than 100 startups and 1,200 trained entrepreneurs,” he said.
Najib said the strategic alliance between Cyberview Sdn Bhd and Winhong Information Technology Co Ltd, a technology company from China, would see the establishment of the Asian Big Data Centre, equipped with a cloud-based operating system, in Cyberjaya, with an investment of RM100 million.
“The completion of this centre within the next five years is expected to provide about 500 jobs here,” he said.In addition, Najib said Telekom Malaysia through its subsidiary, VADS Bhd, would invest in the development of the Klang Valley Data Centre with the gross floor area of 400,000 square feet, 20MW (Megawatt) power output and green features. The centre is expected to open next year.
The data centre will be connected to the Iskandar Puteri Data Centre where both will form the largest data centre infrastructure of its kind in the Southeast Asian region, he said.
Najib said all houses in Cyberjaya would enjoy high-speed internet running one gigabit per second (1Gbps), which was previously only used by businesses, at reasonable prices.
Meanwhile, a hospital, which will be built in Persiaran Multimedia here, will complement the services of Putrajaya Hospital and Serdang Hospital upon its completion by 2020, he added.
Present were Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar, Treasury Secretary-General Tan Sri Dr Mohd Irwan Serigar Abdullah and Cyberview Sdn Bhd Managing Director Datuk Faris Yahaya. — Bernama