Nexgram Subsidiary Kicks Off RM2 Bln Neu Nexus Century City Development In Cyberjaya
PUTRAJAYA, June 29 (Bernama) -- Nexgram Holdings Bhd’s subsidiary, Neu Nexus Century City Sdn Bhd (NNCC), today kicked off the development of Neu Nexus Century City in Cyberjaya, an artificial intelligence (AI) infrastructure, energy and mixed-use development project with an estimated gross development value of RM2 billion.
NNCC said the project is expected to achieve an enterprise value of about RM6.1 billion on full platform maturity and is structured as a scalable AI infrastructure and mixed-use commercial ecosystem.
“The NNCC Power Superblock is expected to comprise two AI-ready data centres, a proposed AI and green energy tower, hotel and residents components, corporate office space, convention and exhibition facilities, wellness facilities, blockchain and innovation hubs, multipurpose lifestyle facilities, and supporting commercial amenities.
“The proposed data centre component includes two 20-megawatt AI-ready facilities designed to support sovereign AI computing, enterprise AI deployment, high-performance computing, robotics applications, intelligent automation, humanoid agent hosting and next-generation digital infrastructure demand,” the company said in a statement today.
In conjunction with the groundbreaking ceremony, NNCC and its related project parties also signed two heads of agreement (HOAs) and two memoranda of understanding for investment mandates with an aggregate indicative value of about RM1.23 billion.
According to the statement, these comprise a proposed RM280 million hotel and residence HOA between NNCC and Croske Hotels Management Services Sdn Bhd, a proposed RM200 million AI data centre token offtake HOA, a proposed RM250 million NNDC-I data centre infrastructure investment mandate, and a proposed RM500 million NNCC Power Superblock fundraising mandate.
“These arrangements are intended to strengthen early commercial validation across key NNCC components, including hospitality, AI data centre utilisation, infrastructure investment, and institutional capital formation,” the statement said.
NNCC is also expected to incorporate sustainable and future-ready infrastructure concepts, including intelligent energy optimisation, AI-enabled operational efficiencies, smart building systems and development planning aligned with long-term environmental, social and governance (ESG) and smart-city objectives.
Further announcements relating to strategic collaborations, customer commitments, funding participation, development milestones and implementation phases are expected to be released progressively as the project advances.
“The company believes the commencement of NNCC, the NNCC Power Superblock and the related strategic arrangements mark an important step towards building a future-ready platform capable of supporting Malaysia’s participation in the ASEAN AI infrastructure economy, enterprise digital transformation and next-generation intelligent city development,” it added.
-- BERNAMA