Catcha Group to announce high value investments soon

 

KUALA LUMPUR: Catcha Group, the master developer of Kuala Lumpur Internet City (KLIC), will soon announce high value investments that will help propel Malaysia to be the Silicon Valley of the East, said its founder and chief executive officer Patrick Grove.

He hinted that Catcha Group will identify KLIC partners which will comprise government-related entities and international investors, in three months.

Grove told the New Straits Times Press (M) Bhd reporters on the sidelines of Invest Malaysia 2018 here today that the KLIC will play a key role in the recently-launched Digital Free Trade Zone (DFTZ), which saw the emergence of the iconic Jack Ma and Alibaba in Malaysia.

He praised many Malaysian companies which had grown to become regional businesses, such as low cost carrier AirAsia Bhd, ride hailing platform Grab, banking giants CIMB Group and Malayan Banking Bhd.

“Malaysian entrepreneurs from day one, have a bit more vision, confidence and guts to go regional; they have regional aspirations,” he replied, when asked how businesses here are leveraging on knowledge and digital economy.

“We want to transform the Klang Valley into the Silicon Valley of Southeast Asia, modelling the KLIC after the famed Silicon Valley in the US,” he said.

The DFTZ has two key components, Alibaba’s regional logistics hub in Kuala Lumpur International Airport and the KLIC, which will be situated on a 10-acre spot in Bandar Malaysia.

Related Articles