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Malaysian public-listed property and technology group developing i-City, an integrated AI City in Shah Alam.

Last updated September 26, 2026

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Overview

I-Berhad (commonly styled i-Bhd) is a Malaysian public-listed company on the Main Market of Bursa Malaysia and the developer of i-City, described by the company as Malaysia's first integrated AI City. The Group positions itself as a builder of next-generation urban ecosystems that combine property development, infrastructure, lifestyle and intelligent systems into a unified platform. Its flagship project, i-City, is a 72-acre integrated ultrapolis located in Shah Alam, Selangor, bringing together residential, commercial, retail, hospitality and digital infrastructure within a single connected environment. The company's origins are tied to i-City's early development as a pioneering MSC-status Digital City. Over time, i-City grew into a recognised technology and urban destination, and I-Berhad is now transforming it into what it calls a fully integrated AI Living ecosystem, where intelligent systems, data and infrastructure are intended to enhance how people live, work and interact. The Group's business model is structured across four layers: AI-Enabled Development, which designs and delivers future-ready residential, commercial and mixed-use environments; Recurring Income & Infrastructure, a portfolio of retail, hospitality and commercial assets generating stable recurring income; Leisure & Hospitality, a mix of attractions, hotels and experiential offerings that drive visitor engagement and footfall; and the AI City Platform, an intelligence layer connecting infrastructure, data and services. I-Berhad collaborates with global and regional partners across technology, hospitality, retail and financial services to develop and operate the i-City ecosystem. The AI City Platform is continuously enhanced through collaboration with technology partners, innovators and institutions, enabling deployment of next-generation AI solutions across the ecosystem. i-City is recognised as an MSC Malaysia Cybercentre and an approved Tourism Destination, with recognition as an International Park, supporting a vibrant 24/7 urban environment. The company has stated that Mesiniaga is collaborating with i-Bhd to build the core AI-native operating layer, and that it is working with global partners, technology companies and innovators on solutions across smart retail, automation, digital platforms and immersive experiences. As a corporate brand, I-Berhad represents both the listed holding entity and the i-City development platform. Its market focus is primarily Malaysia, with ambitions to position i-City as a regional hub for technology, innovation and urban living in Southeast Asia. The company's public communications emphasise the convergence of AI, infrastructure and everyday living, and it invites partners to join in shaping what it describes as Malaysia's next leap in AI and robotics.

History

I-Berhad's history is closely tied to the development of i-City, which the company describes as having begun as a pioneering MSC-status development. MSC Malaysia (Multimedia Super Corridor) status is a Malaysian government designation for technology-focused developments, and i-City was established as a Digital City within that framework. Over the years, i-City evolved into one of Malaysia's most established digital urban destinations, located in Shah Alam, Selangor, on a 72-acre site. As the developer and listed parent, I-Berhad grew i-City into an integrated urban destination that combines residential, commercial, retail, hospitality and digital infrastructure. The company structured its business across four layers: AI-Enabled Development, Recurring Income & Infrastructure, Leisure & Hospitality, and the AI City Platform. This structure reflects a shift from a pure property developer model toward a platform-based urban ecosystem that generates recurring income from retail, hospitality and commercial assets while continuing to develop new real estate. A major strategic turning point has been the repositioning of i-City from a technology city into what I-Berhad calls a next-generation AI Living ecosystem. The company states that it is transforming i-City into a fully integrated AI Living ecosystem where intelligent systems, data and infrastructure enhance how people live, work and interact. This transformation is anchored by the AI City Platform, described as the intelligence layer connecting i-City's infrastructure, developments and services. The company says the platform is continuously enhanced through collaboration with technology partners, innovators and institutions. I-Berhad has also pursued partnerships to advance its AI City vision. It states that Mesiniaga is collaborating with i-Bhd to build the core AI-native operating layer, and that it works with global partners, technology companies and innovators to develop solutions across smart retail, automation, digital platforms and immersive experiences. The company positions i-City as a potential key destination for AI innovation in Southeast Asia. Recognition milestones cited by the company include i-City's status as an MSC Malaysia Cybercentre, an approved Tourism Destination, and recognition as an International Park, supporting a vibrant 24/7 urban environment. I-Berhad is a public-listed company on the Main Market of Bursa Malaysia, and its corporate identity is now closely associated with the AI City narrative as much as with its original property development roots.

  • i-City begins as a pioneering MSC-status Digital City development.

  • i-City grows into one of Malaysia's most established digital urban destinations in Shah Alam.

  • I-Berhad is public-listed on the Main Market of Bursa Malaysia.

  • i-City is recognised as an MSC Malaysia Cybercentre and an approved Tourism Destination, with recognition as an International Park.

  • I-Berhad announces the transformation of i-City into a fully integrated AI Living ecosystem.

  • Mesiniaga collaborates with i-Bhd to build the core AI-native operating layer.

Products and positioning

Developer of Malaysia's first integrated AI City, combining property development, digital infrastructure, lifestyle and intelligent systems into a unified urban platform.

  • i-City

    A 72-acre integrated ultrapolis in Shah Alam, Selangor, combining residential, commercial, retail, hospitality and digital infrastructure.

  • AI City Platform

    The intelligence layer connecting i-City's infrastructure, developments and services into a fully integrated urban ecosystem.

  • AI-Enabled Development

    Design and delivery of future-ready residential, commercial and mixed-use environments integrating intelligence, connectivity and sustainable urban design.

  • Recurring Income & Infrastructure

    A portfolio of retail, hospitality and commercial assets generating stable recurring income while supporting the i-City ecosystem.

  • Leisure & Hospitality

    A mix of attractions, hotels and experiential offerings driving visitor engagement, footfall and urban vibrancy.

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