An important new relationship between Geelong and Cyberjaya, Malaysia will lead to an exciting era of trade and investment with Southeast Asia and highlights the city’s growing reputation as a regional hub for innovation and entrepreneurship.
Geelong’s new 14 times weekly AirAsia link to Malaysia and its growing focus on entrepreneurship have led to the establishment of a partnership between the Pivot City Innovation District in North Geelong and Cyberjaya, Malaysia’s Global Technology Hub. Cyberjaya is home to more than 40,000 knowledge workers and 50 multinational corporations; annual revenue of its IT companies alone is over AUD$4.45billion.
A trade delegation from Malaysia consisting of members representing the state of Selangor, headed by the Hon. Dato Teng Chang Khim, the State Executive Councillor of Selangor, Chairman of Standing Committee for Investment, Industry & SME Govt of Selangor; as well as members from agencies and industry partners including Cyberview Sdn Bhd, Futurise Sdn Bhd, Setia Haruman Technology Sdn Bhd, KPJ Healthcare Berhad and CSL Group visited Geelong today to sign the Innovation Ecosystem Partnership deal that will launch new trade, economic, and innovation relationships between the two cities.
The partnership deal is the result of a combined effort between the Victorian Government Trade and Investment, Kuala Lumpur Office Malaysia, Pivot City, the Committee for Geelong and the City of Greater Geelong, and is a clear recognition of Geelong’s emerging role as a regional smart city. This builds on a 2017 Memorandum of Understanding between Invest Selangor and the Victorian government to explore potential trade and investment activities between the two states.
Pivot City is an industry-led Innovation District and is home to some of Geelong’s most innovative businesses, including LiveTiles, Pivot Summit, g2 Innovation and Runway Geelong. Pivot City is located on the North Geelong waterfront and is working with government, institutions and investors to develop the district, with plans to house 3,500 onsite jobs by 2021.
Cyberjaya is located in Selangor, 30 minutes from KL International Airport, and roughly the same distance from Pivot City to Avalon Airport. With AirAsia’s Avalon service launching in December, the two technology hubs will be just hours apart.