Cyberjaya is about to experience a second re-awakening, said executive chairman of MK Land Holdings Bhd Mustapha Kamal. Although the intelligent city was launched 10 years ago, it is currently undergoing a second wave of development.

Mustapha’s Emkay Group and India’s Embassy Group will jointly develop Cyberjaya’s upcoming information technology (IT) business park, which he is confident will attract many multinational and local companies.

Called MKN-Embassy Techzone, the first phase, which is expected to cost over RM300 million, of the park will feature two blocks of buildings with each offering 250,000sq ft of office space within a 4ha site.

The first block is expected to be complete by January next year and the second by April.

The Embassy Group, which specializes in developing ICT business parks, is the largest owner of office space in Bangalore and boasts tenants such as IBM, Fidelity Investments, Yahoo and LG Soft.

MKN Embassy Development Sdn Bhd, the joint-venture company undertaking the project, hopes to entice several of these companies to Cyberjaya.

The first 10 years saw the placement of first-class infrastructure and facilities but the next five will be a marketing phase to investors, said Mustapha, adding that several multinational companies have already shown interest.