CYBERJAYA, 10 Dec 2020 – VentureTECH today announced its debut in the smart city industry by inking an investment agreement with Kiwitech Sdn Bhd (Kiwitech), a Bumiputera company offering Internet of Things (IoT) based application city surveillance services to further enhance their proprietary Smart City Digital Platform.
Founded in 2000, Kiwitech is a pioneer of Smart City Super Platform in Malaysia, with an aim to boost the security levels of city infrastructures by providing leasing services of its city level surveillance assets which include CCTV and multi-function smart pole in 28 Malaysian cities. These assets positions Kiwitech in spearheading the implementation of the Malaysia Smart City Framework.
Premised on Malaysia’s position as one of the most urbanised countries of East Asia and rapidly urbanised regions in the world, VentureTECH supported the government’s initiative to encourage local companies such as Kiwitech to tap on the huge opportunity of the rising urban population which grew from about 66 percent in 2004, to 76.6 percent in 2019, with expectation that the growth will be riding on the back of migration activities influenced by economic and employment landscape that continues to shift from agriculture-based activities to opportunities that is driven by growth in industry and services.
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