The Silicon Valley Of Southeast Asia? Cyberjaya’s Tech Investment Potential Rising

The Prime Minister says that a number of tech companies, most notably Tesla, have chosen to set up their offices in Cyberjaya.
(credit: Cyberview)

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Prime Minister (PM) Dato’ Seri Anwar Ibrahim stated that Cyberjaya, guided by the Cyberjaya Masterplan, holds great potential to become a preferred destination for technology investments, drawing interest from both local and international tech companies.

The Masterplan, initiated in 2019, focuses on three key pillars: smart mobility, smart healthcare, and digital creativity.

According to Bernama, during the closing ceremony of InnoEx 2023, Minister of Science, Technology and Innovation Chang Lih Kang read out a speech prepared by Anwar and he mentioned several prominent companies that have already chosen Cyberjaya as their investment destination.

These include Aerodyne Technologies, a leading drone solutions provider; Hematogenix, a US-based company establishing an Oncology Laboratory Centre; and Tesla, which selected Cyberjaya as its regional headquarters.

Additionally, Cyberjaya is recognised as a top destination in Southeast Asia for global data centre investments, as reported by Knight Frank.

The PM also highlighted Cyberjaya’s significance in the animation and digital creative industry, home to companies like Monsta Studios, Wau Animation, and Durioo+.

He noted that Cyberjaya now has over 146,000 residents, with approximately 40,000 employed in over 400 Malaysia Digital-status companies. The city has also nurtured more than 400 startups, some of which have gained international recognition and awards.

The PM also acknowledged Cyberview, the technology hub developer driving Cyberjaya’s growth, for its support of startups through incentives, particularly the Cyberview Living Lab Accelerator Programme (CLLA).

The CLLA has injected RM6 million to support over 90 startups, attracting over RM256 million in investment value and creating over 1,400 jobs, thus contributing significantly to the local economy.

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