Cyberview Sdn Bhd recently took over development rights of 453.2 acres of the Cyberjaya Flagship Zone (CFZ) land in accordance with the government’s mandate from Setia Haruman.
With the proper handover and Settlement Agreement from both parties, Cyberview can now focus in developing the area as part of its masterplan for Cyberjaya. The 453.2 acres CFZ land, including ten buildings will enable the developer to focus on revitalisation the whole area including plans to develop three technology clusters within the Cyberjaya ecosystem, including Smart Mobility, Smart Healthcare, and Digital Creative.
Najib Ibrahim, Managing Director of Cyberview said, “It is Cyberview’s obligation as Cyberjaya’s tech hub developer to undertake not only the infrastructure for the overall development of Cyberjaya, but also to strengthen the township ecosystem in the next five years. To date, around 50 per cent of our land banks are developed, while 23 per cent have been sold for further development. Obtaining the development rights will also enable us to facilitate development of new data centres, which are currently on the uptick based on interests garnered from both local and international companies.”
Ahmad Khalif, Executive Chairman of Setia Haruman conceded that the development rights of Cyberjaya Flagship Zone to be returned to Cyberview as the latter is in a better position and has the necessary resources. Setia Haruman still holds sizeable land bank in Cyberjaya.
With the mandate to develop the area into a vibrant tech hub, Cyberjaya dubbed the Silicon Valley of Klang Valley, houses multiple tech innovation centres and companies. Cyberview’s Collaborative Campus includes subsidiary Futurise which oversees the National Regulatory Sandbox an initiative that aims to expedite regulatory intervention to enable commercialisation of innovation & technology solutions. The campus also offers physical space for the testing of autonomous vehicles via the Cyberjaya Malaysia Autonomous Vehicle Testing Route, which is Malaysia’s first public road testbed for AVs as well as a certified Drone Testing Zone where companies are given fast-tracked approval to conduct drone testing.
The Cyberjaya 5G OpenLab located in RekaScape, is also in the vicinity. The Collaboration Campus enables companies the opportunity to scale up tech solutions, contribute to existing value chains, manage better regulatory interventions and, eventually, prepare for commercialisation.
Companies can network and connect with relevant industry experts as well as access both domestic and international markets through private and public initiatives with the support of Cyberview. They have access to attractive incentives, which include tax exemptions of up to 100 per cent for 10 years, capital allowances, double deductions, and funding, as well as competitive R&D. Access is also available for all businesses to the Cyberjaya Investment & Services Centre (CISC), a one-stop centre that provides end-to-end assistance and facilitation.
