By EDY SARIF edy@thestar.com.my
SHAH ALAM: I-Bhd expects 80 more knowledge-based companies to set up offices at i-City, Shah Alam, by the year-end, said chief executive officer Eu Hong Chew.
“They will consist of local and international companies and will add up the more than 60 companies currently operating at the city,” he said after signing a heads of agreement yesterday.
He added that I-Bhd had so far invested RM200mil to RM300mil to develop the smart city since 2005.
The heads of agreement will see the company forming a tie-up with the Malaysian-Russian Business Association and Hexagon Solutions Sdn Bhd to set up a joint centre of innovation in i-City.
The Malaysian-Russian Science Centre will develop, showcase and commercialise technologies from Russia while Hexagon will establish a research and development (R&D) centre with its Indian partner Rajesh Global Solutions.
The centre, which will take up 15,000 to 20,000 sq ft of office space in i-City, will also work with local and foreign universities, research institutions and government agencies.
Malaysia-Russian Business Association president Ruslan Israpil said the agreement would lead to greater collaboration between two countries.
“It will be a win-win situation as we are providing expertise to help local scientists and universities through the R&D of Russian technology while the locals will benefit by getting our knowledge,” he said.
