Landmark Investment in Malaysian Cybercity
Mumbai-based real estate developer Sunil Mantri Realty Ltd is set to make a significant international investment, committing approximately $100 million to participate in the development of Bandar MSC Cyberport in Kulai, Johor state, Malaysia.
Investment Highlights
- First Indian company investing in a Malaysian cybercity
- Signed Memorandum of Understanding (MoU) for development
- Project value exceeds one billion Malaysian ringgit
- Initial development covering 13.2 hectares
Project Details
According to MSC Cyberport CEO Mr. Ganesh Kumar Bangah, the investment will specifically target the first phase of development. The project is conceptualized as a comprehensive mixed-use development, strategically designed to encompass:
- Residential spaces
- Commercial zones
- Innovative ICT (Information and Communication Technology) environments
Strategic Objectives
The development aims to:
- Attract multinational corporations' IT operations
- Support local technology companies
- Foster an ecosystem for technopreneurs
- Create a sophisticated, integrated urban environment
The project is expected to commence work by the end of the current year, marking a significant milestone in cross-border real estate collaboration.