PETALING JAYA: According to I-Bhd
, its artificial intelligence or (AI)-enabled integrated urban ecosystem, i-City, has secured interest from Al Rajhi Banking & Investment Corp (M) Bhd, reflecting the growing participation of established international institutions in the development.
The property developer said it had inked a sale and purchase agreement with Al Rajhi for the sale of a commercial asset within i-City, strategically located opposite the group’s Artificial Intelligence Living development and next to Central i-City Mall.
According to the company, the investment reflects investors’ confidence in i-City’s forward-looking direction, particularly its focus on AI-driven urban living and the integration of emerging technologies such as robotics into the built environment.
“This development reflects continued institutional confidence in i-City’s long-term vision as an AI-enabled urban platform.
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