Sep 15, 2000, 12:01 AM
News Code: 9056839
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countries Islamic to transfer tech high and communications for Hub to hub a become soon will Malaysia -- IRNA 15, .Sept Lumpur, Kuala high and (ICT) technology communications information transfer fast gain them helping thus worldwide, countries Islamic to technology Corporation's Development Technology Malaysian the growth, economic .Friday said Rahman Abdul Omar Chairman (MTDC) start-up by developed technologies new said Omar statement, a In with integrated be will Valley Silicon Malaysia's the in companies .countries these to exported being before technologies local Venture Pacific American the by undertaken is initiative The joint-venture set-up recently a is which ,(AmPVC) Corporation Capital Saudi States, United the Malaysia, in investors Muslim of company .MTDC by led and Bahrain and Arabia firms start-up in be will investments initial AmPVC's said Omar those particularly Valley, Silicon the in technopreneurs Muslim by run .businesses ICT in involved people of terms in reach, our limit to not intend we However," companies potential other many are there believe we as geography and .Omar said "projects, their for funding need that elsewhere their to up companies selected nurse help will said, he AmPVC, .exercise dual-listing a or (IPOs) offerings public initial which company one identified has firm capital venture the far, So .year next early financing of round first its receive likely will its on details out working is AmPVC Omar, to According .year-end by finalise to hopes it which structure organisational several identify others, among will added, he structure, The invested of management and board the on sit will who Malaysians .companies with relationship long-term form to hopes AmPVC said He to firm capital venture "friendly" a become and companies invested but funding, only not require which start-ups of needs the serve outsourcing of fulfilment and experience of terms in assistance .well as requirements 50 investing by AmPVC in stake cent 33-per a own will MTDC 20 about invest will US the in partners while dollars US million countries Gulf Persian two the in partners and dollars, US million 80 than more contribute to expected are Arabia Saudi and Bahrain .dollars US million dollars US million 3 about invest will firm capital venture The .company selected each in Mohamad, Mahathir Dr Minister Prime the of project pet A of part is and Valley Silicon California's on modelled is Cyberjaya .MSC or Corridor, Super Multimedia nation's Asian South-East the in dollars US billion 3.5 exceed to estimated city, smart The and homes offices, high-tech envisages decade, next the over costs .people 240,000 hold to capacity the and centers, shopping southern the at starts Singapore, of size the roughly MSC, The to zone 15km by 50km a connects and Lumpur, Kuala capital, the of edge .airport international dollar multi-billion new a bn/HR End