China’s Juwai IQI announces its plan to set up HQ in Malaysia
China-based real estate technology company Juwai IQI has announced its plans to set up the headquarters of the company in Malaysia.
This will result in creation of 1,000 tech jobs, the company said.
Also, this is going to be the first Southeast Asian headquarters outside China for Juwai IQI. The current headquarters is located in Shanghai.
This move of the Malaysian government is to support the MyDigitial initiative that aims at creating a strong digital infrastructure and would push Malaysia towards becoming a leading tech hub in Southeast Asia by the year 2025.
The Malaysian Digital Economy Corporation (MDEC) has appreciated this decision of Juwai.
“MDEC looks forward to Juwai IQI’s plans to make Malaysia its tech hub. It’s a clear endorsement of investors’ confidence in Malaysia and a testament to the high level of digital skills and capabilities of our country’s workforce. The skills demanded today is something MDEC is closely keeping tabs on”, said Surina Shukri, CEO of MDEC.
Juwai is planning to move to Malaysia in the first quarter of 2022. Their office will be located in Millerz Square in the capital of Kuala Lumpur.
The Co- founder and Group CEO Kashif Ansari expressed his elation about this decision and the company being a part of Malaysia’s digital development.
We are making Kuala Lumpur our headquarters for global research and development in part because of the warm welcome and encouragement MDEC has provided,” he added.