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Friday, April 10, 2009

I-Berhad's data hub likely to get 2nd anchor tenant

I-Berhad, the developer of i-City in Shah Alam, is confident of signing up another data centre anchor tenant for its Data Centre Park by year-end.

The Data Centre Park, launched yesterday, will have four buildings with a combined floor space of 200,000 sq ft - one of the country's largest data space providers in a single location.

One of the buildings is completed and will have Kompakar Inc Bhd as its first anchor tenant.

I-Berhad is in talks with other data centre operators, both local and foreign, to occupy the other buildings upon completion. A data centre is a facility used to house computer systems and associated components, such as telecommunications and storage systems.

"We are quite confident to sign up one more operator as anchor tenant this year. International companies are looking at Malaysia as a data centre location," I-Berhad chairman Tan Sri Hamad Kama Piah Che Othman said after the launch by Minister of Science, Technology and Innovation Datuk Dr Maximus Johnity Ongkili in Shah Alam yesterday.

I-Berhad statistics show that data centre capacity is expected to grow 68 per cent by 2013 in Southeast Asia, and demand for data centre services in Malaysia is forecast to be worth more than US$150 million (RM543 million).

Each data centre building in the project will take about two years to complete and the developer expects to take another six years before the entire Data Centre Park is fully constructed.

In his speech, the minister said many of the facilities and services in i-City had surpassed criteria set by the Multimedia Development Corp.

"In fact, we are looking at how i-City can be the benchmark for future cyber centres in the country," he said.

i-City is a RM2 billion integrated commercial development on 29ha of freehold land along Federal Highway in Section 7, Shah Alam. The entire development is expected to be completed by 2015.

For the year ended December 2008, the company recorded a pre-tax profit of RM16 million, with more than RM120 million cash and zero borrowings.

For the year ended December 31 2008, I-Berhad will be paying a final dividend of 5 per cent less tax on May 15 2009.

By Business Times

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