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PRESS RELEASE BY APPLIED BUSINESS TECHNOLOGIES SDN. BHD.

Jul 31, 2017

PRESS RELEASE BY APPLIED BUSINESS TECHNOLOGIES SDN. BHD.

(CO. REGISTRATION NO. 860333-A) 

APPLIED BUSINESS TECHNOLOGIES SDN. BHD. VIA ITS SUBSIDIARY, ABT NETWORKS SDN. BHD. (CO. REGISTRATION NO. 1219516-A) PARTNERS FEDERAL AND STATE GLCs FOR THE DESIGN, ENGINEERING, PROCUREMENT AND COMMISSIONING OF ISKANDAR MALAYSIA INTERGRATED INFO-COM INFRASTRUCTURE (‘IM3i PROJECT’)

  

APPLIED BUSINESS TECHNOLOGIES SDN. BHD (860333-A) are pleased to announce that its subsidiary ABT NETWORKS SDN. BHD. (1219516-A) has signed a Joint Venture and Shareholders' Agreement (‘JVA’) on 20th of July 2017. The document exchange ceremony was witnessed by YAB Menteri Besar of Johor, Dato’ Mohamed Khaled Bin Nordin.

The other signatories to the JVA are MY ISKANDAR SDN. BHD. (1160554-T) (wholly owned subsidiary of IRDA) and DIGITAL INDULGENCE SDN. BHD. (1227446-W) (wholly owned subsidiary of KPRJ). The signing of the JVA paved the way for the establishment of IM3i SDN. BHD (1225500-M), the special project vehicle that will manage the overall implementation and commissioning of the ISKANDAR MALAYSIA INTEGRATED INFO-COM INFRASTRUCTURE (‘IM3I Project’).

ABT NETWORKS SDN. BHD will be managing all the technological requirement for the IM3i Project. The IM3i Project is the tool for the realization of the Comprehensive Development Plan II formulated by IRDA. The IM3i Project will also propel Johor state to achieve its Digital Society vision as announced by YAB Dato’ Mohamed Khaled Bin Nordin, the Menteri Besar of Johor. 

The initial work and preparation for the implementation of the IM3i Project has already commenced in February 2016, when the Approvals and Implementation Committee (AIC) of Johor endorsed the implementation of an integrated information communication infrastructure for Iskandar Malaysia, known as the Iskandar Malaysia Integrated Information-communication Infrastructure, as well as the setting up of a special purpose vehicle to commission, implement, and manage IM3i. 

The IM3i Project will be the catalyst for Johor towards achieving the goals of the Eleventh Malaysia Plan ICT initiatives, as well as the Iskandar Malaysia vision of becoming a strong and sustainable metropolis of international standing. The implementation of the IM3i Project will also contribute towards the success of the Johor government’s plan to promote the Sedenak Iskandar Data Hub and the creation of a digital socio economy for the state of Johor.

End of Release.