Iskandar Investment Berhad (IIB) announced a significant expansion of its Global Business Services (GBS) initiative in Medini. This move strengthens the GBS ecosystem in the area and reinforces IIB’s commitment to positioning Medini as the region’s first net-zero carbon CBD by 2030.
Key Partnerships and Investments
IIB signed Memoranda of Understanding (MOUs) with GBS Malaysia and iTrain Asia, and will collaborate with the Malaysia Digital Economy Corporation (MDEC). These partnerships aim to:
- Attract RM1 billion in investment to Medini by 2030.
- Create 2,500 jobs in the digital economy sector.
- Develop a highly skilled workforce through upskilling and reskilling initiatives.
- Target new GBS companies seeking a strategic location for expansion.
Medini’s Advantages for GBS Companies
Medini offers several advantages for GBS companies, including:
- Strategic location: Excellent connectivity by land, air, and sea, with proximity to Singapore.
- Advanced infrastructure: Supportive ecosystem for business operations.
- Talent pool: Development programs to equip the workforce with relevant skills.
- Government incentives: Tailored solutions to support GBS companies.
Quotes from Key Players
- Dato’ Idzham Mohd Hashim, President/CEO of IIB: “The GBS Iskandar program has already generated significant investment and jobs. This expansion reaffirms our commitment to fostering growth and innovation within Malaysia’s GBS sector.”
- Ts. Mahadhir Aziz, CEO of MDEC: “Our partnership underscores MDEC’s commitment to driving digital transformation and attracting foreign direct investment for the GBS industry.”
- Anthony Raja Devadoss, Chairman of GBS Malaysia: “This strategic partnership marks a milestone in growing the GBS industry in Malaysia. We are committed to unlocking Medini’s full potential.”
- Dato’ Eric Ku, Executive Director of iTrain Asia: “Medini’s environment for innovation and learning is ideal for talent development within the GBS sector.”
Looking Ahead
IIB’s collaboration with these organizations positions Medini to become a leading hub for GBS operations in Southeast Asia. The focus on sustainability, talent development, and attracting new companies will create a thriving digital economy ecosystem in Medini.
