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Spurring Selangor's economic Growth

An old aerial image By Sharen Kaur -  Published in NST Property on April 18, 2019 About 15 years ago when Tan Sri Lim Kim Hong was planning the development of i-City on 29.13ha of land in Seksyen 7, Shah Alam, the billionaire entrepreneur had envisioned what it would turn out to be a decade later. Today, the development and its progress has surprised many industry players. The idea for i-City was conceived in the 1990s in line with Malaysia’s then aspiration of becoming a high-income nation by 2020. The 1997/1998 Asian financial crisis put a halt to the plan and it was not until 2005 that i-City became a reality for Lim. Back then, i-City was a project that would generate RM1.5 billion in gross development value (GDV). Today, with an approved gross floor area (GFA) of 13 million sq ft, the GDV may even exceed the estimated RM10 billion target set by its developer, I-Berhad. The i-City unfolding today is founded on the determination of its developer to offer a fully-integrated lifestyl…

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