Theta Edge Berhad, a leading innovator in technology and telecommunication solutions, has announced that its subsidiary, Theta Telecoms Sdn Bhd, has secured a major contract from the Ampang Jaya Municipal Council (MPAJ).
The contract involves supplying and maintaining cutting-edge Internet of Things (IoT) technology for the city’s Smart Business Initiative, spanning a concession period of 20 years under the Private Public Partnership (PPP) framework. Theta will invest RM673.8 million in developing IoT solutions to bolster Ampang Jaya’s Smart Economy.
This collaboration between Theta and MPAJ is a significant outcome of the joint efforts under Theta’s PPP initiative. The project financing will be managed by Theta through local financial institutions, while MPAJ will facilitate licensing requirements and the digitization of council administration through revenue sharing.
The Smart Business Initiative aims to transform Ampang Jaya into a model smart city, enhancing business operations, public services, and sustainable growth with advanced technology. Theta will work closely with MPAJ to identify and implement the best smart city solutions, transforming Ampang Jaya into an integrated digital district.
This partnership marks a major step toward MPAJ’s “Smart City Framework,” developed in January 2022, which focuses on Smart Infrastructure, Smart Economy, Smart Community, Smart Environment, and Smart Governance. As the chosen provider of connectivity and digital solutions, Theta will oversee the coordination and implementation of smart city technologies, supporting the nation’s aspirations for smart cities and improving urban living.
Datuk Nuraslina Zainal Abidin, Theta Group CEO, stated, “Theta has always been at the forefront of enabling innovation. This contract with MPAJ is a clear testament to our expertise in IoT technology and our dedication to fostering urban living through smart innovations. We are committed to supporting MPAJ in their journey toward becoming a full-fledged smart city, enhancing overall operational efficiency and services to their communities, and creating a more efficient business ecosystem.”
MPAJ’s president Dr. Ani binti Ahmad emphasized that the collaboration would leverage both parties’ expertise to implement a smart city strategy that effectively addresses the community’s needs in Ampang Jaya.
“Ampang Jaya will evolve as technology advances. However, achieving the status of a fully smart city might take some time, perhaps around 10 to 15 more years,” she noted.
This initiative demonstrates MPAJ’s commitment to transforming into a smart city, aligning with the State Government’s goal to make Selangor a Smart State by 2025. Theta is confident that the Smart City initiative will positively impact the ecosystem, socio-economy, and environment, aligning with Ampang Jaya’s broader goals of sustainability and technological advancement.
