Cyberjaya Emerges as a Premier Tech Investment Hub, Backed by Cyberjaya Masterplan Success

Malaysian Prime Minister Anwar Ibrahim has praised Cyberjaya’s potential as a technology investment hub, citing its growth driven by the Cyberjaya Masterplan. Notable companies, including Tesla, have chosen Cyberjaya as their investment destination, and the city has nurtured a thriving ecosystem of startups and digital creative enterprises.

11 September 2023 – Malaysian Prime Minister Datuk Seri Anwar Ibrahim has expressed confidence in Cyberjaya’s potential to become a preferred technology investment destination, citing the city’s remarkable progress driven by the Cyberjaya Masterplan. Anwar, who also serves as the Finance Minister, highlighted the strategic focus of the Cyberjaya Masterplan on smart mobility, smart healthcare, and digital creativity during his speech at the closing ceremony of InnoEx 2023 last week.

The Cyberjaya Masterplan, launched in 2019, is a comprehensive strategy aimed at aligning Cyberjaya’s development with technological advancements and innovation. Prime Minister Anwar emphasized that the city’s evolution into a tech investment hotspot had attracted both local and international technology companies.

Among the notable companies that have chosen Cyberjaya as their investment destination, Anwar mentioned Aerodyne Technologies, a local multinational company recognized as the world’s top drone solution provider, specializing in automation solutions for agriculture and surveillance. Hematogenix, a United States-based company, also established its Oncology Laboratory Centre for the entire Asia-Pacific region in Cyberjaya.

Furthermore, Anwar highlighted that Tesla had recently chosen Cyberjaya as its regional headquarters, and global real estate consultant Knight Frank had ranked Cyberjaya as a leading destination in Southeast Asia for global data center investments.

Cyberjaya has also become a hub for local animation and digital creative enthusiasts, with companies like Monsta Studios, Wau Animation, and Durioo+ contributing to the city’s creative landscape.

Anwar shared impressive statistics about Cyberjaya’s growth, including its population of over 146,000 residents, with approximately 40,000 employed in over 400 Malaysia Digital-status companies. The city has nurtured more than 400 startups, such as Campfyre, Laundrydone, Beebotic, ERTH, and Kumpool, many of which are exploring global markets and receiving recognition through prestigious awards and international achievements.

Expressing pride in the success of local talents involved in developing applications, digital intellectual property, technology solutions, and innovation-based products and services, Anwar also acknowledged the role of Cyberview, the technology hub developer leading Cyberjaya’s development. He commended the Cyberview Living Lab Accelerator Programme (CLLA), which has supported over 90 startups with RM6 million in funding since its inception. Collectively, CLLA mentoring companies have attracted over RM256 million in investment value, resulting in the creation of more than 1,400 jobs and a significant economic impact. – reference: Bernama

Author: Terry KS

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