I-Berhad
I-Berhad is a publicly listed Malaysian master developer of i-City in Shah Alam, combining residential property development, recurring-income property investment, leisure and hospitality with Wyndham and Hilton, and an emerging AI Living ecosystem built on its proprietary AI City Platform.
- Company typePublic
- Founded-
- HeadquartersShah Alam, Malaysia
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What I-Berhad does
I-Berhad is a publicly listed Malaysian master developer headquartered at Mercu Maybank, i-City, Shah Alam, operating i-City — Malaysia's first MSC-status digital city development. The company runs three core business segments: Property Development (residential, commercial, and mixed-use units sold to individual buyers and institutional tenants), Property Investment (a recurring-income portfolio of retail, hospitality, and commercial assets including Central i-City mall and Mercu Maybank), and Leisure & Hospitality (theme parks such as SkyCity Tower with Malaysia's tallest glass water slide, Wyndham i-City, Wyndham Suites KLCC, and DoubleTree by Hilton Shah Alam i-City).
Underlying these segments is the AI City Platform — an intelligence layer connecting infrastructure, data, and services that powers the AI Living ecosystem. I-Berhad's revenue mechanics combine one-time property sales (unbilled pipeline of RM90 million), recurring rental and lease income from the property investment portfolio, transactional revenue from theme park tickets, hotel stays, and food & beverage, and emerging subscription-style revenue from AI City Platform services. The company serves individual property buyers, domestic and international tourists, hospitality guests, and a growing base of technology partners (AgiBot, Mesiniaga, TwinMatrix, CelcomDigi) using i-City as a live urban testbed. Customer acquisition relies on direct sales through i-Gallery show galleries, branded hotel operators, mall retail, and theme park ticketing.
The company's strategic posture has shifted from a traditional smart-city developer to an AI Living orchestrator: in 2024-2025 it secured RM100 million from major shareholder Sumurwang via preference shares, signed a RM200 million Wyndham deal, committed RM10 million to AI/robotics infrastructure rollout, partnered with AgiBot, Mesiniaga, TwinMatrix, and UiTM, and announced the world's first robot-equipped residential development for 2026 alongside an AI-native urban intelligence platform targeting 2030. Net profit grew 90% year-on-year in FY2025 to RM55.74 million, with revenue up roughly 3x over the past five years and an expected 17 million+ annual visitors across i-City attractions.
I-Berhad firmographics
Firmographics- Name
- I-Berhad
- Legal name
- I-Berhad
- Website
- https://i-bhd.com
- Company type
- Public
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- I-Berhad is a publicly listed Malaysian master developer of i-City in Shah Alam, combining residential property development, recurring-income property investment, leisure and hospitality with Wyndham and Hilton, and an emerging AI Living ecosystem built on its proprietary AI City Platform.
- Ownership category
- akta.pro rank
I-Berhad industry classification
Industry- Product category
- Mixed-Use Real Estate Development
- NAICS
- Amusement and Theme Parks (71311)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Industrial Land & Build-to-Suit Site Brokerage (BPAJACAJ)
Keywords
Where I-Berhad is headquartered
LocationHeadquarters
- HQ city
- Shah Alam
- HQ country
- Malaysia
- HQ region
- Asia
Offices1 record
Markets served
I-Berhad business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Property Development: Development and sale of residential, commercial and mixed-use properties within i-City. Generates revenue from property sales with unbilled sales pipeline.
- Property Investment: Portfolio of retail, hospitality and commercial assets generating stable recurring income streams from tenants and leases
- Leisure & Hospitality: Theme park attractions, hotels and experiential offerings that drive visitor engagement and footfall. Revenue from tickets, hotel stays and food & beverage
- AI City Platform Services: Intelligence layer providing smart city services that connect infrastructure, data and services for urban living
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Residential properties - various price points based on unit type |
| Unit Pricing | Multi-year contract | AI-powered homes - world first with competitive pricing |
| Subscription | Monthly | Wyndham i-City Hotel - AI-powered hotel opening December 2025 |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
I-Berhad product offering
Product offeringCore offering
I-Berhad is the master developer of i-City, an integrated digital city in Shah Alam, Malaysia, developing and selling residential and commercial properties, operating hospitality assets (DoubleTree by Hilton, Wyndham), retail (Central i-City Shopping Mall), leisure attractions (SkyCity Tower, SnowWalk, WaterWorld), and an AI City Platform spanning AI Living, AI World, and AGIBOT robotics experiences.
Product overview
I-Berhad operates i-City as an integrated urban ecosystem combining multiple products and services. The core offering is the AI City Platform (intelligence layer connecting infrastructure, data and services) supporting AI Living initiatives. The ecosystem includes: AI Living (intelligent residences and urban management), i-City AI World (AI and robotics hub), Central i-City Shopping Mall (retail), property development (residential/commercial), and leisure/hospitality offerings (SkyCity Tower theme park attraction, Wyndham i-City AI hotel, DoubleTree by Hilton Shah Alam i-City, and Wyndham Suites KLCC). The portfolio generates recurring income from retail, hospitality and commercial assets while developing AI-enabled properties.
Differentiator
Problem solved
Functional benefit
Brands
- AI Living: AI-enabled residential and urban living ecosystem integrating artificial intelligence into daily living environments
- AI City Platform
- Wyndham i-City
- SkyCity
- Central i-City
Products and services
- i-City Property Development
Quantifiable outcome
- Visitor numbers to exceed 17 million annually
- +2 more outcomes
Companies that use I-Berhad
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles5 records
I-Berhad technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability8 records
Feature3 records
I-Berhad partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and flagship.
- TwinMatrixcorei-City partnered with TwinMatrix to explore AI companion concepts for the AI Living initiative, developing AI-enhanced experiential smart living solutions.
- MesiniagaflagshipMesiniaga partnered with i-City to develop the 'brain' for AI Living - an AI-native urban intelligence platform. The platform aims to be the world's first AI smart city platform, targeting 2030 deployment.
- UiTM (Universiti Teknologi MARA)coreI-Bhd and UiTM collaboration to develop AI and robotics talent in Malaysia, strengthening the talent pipeline for AI innovation.
- Wyndham Hotels & ResortsflagshipRM200 million deal signed to launch Wyndham i-City hotel and debut i-City AI World. The AI-powered hotel opening December 2025 will be Malaysia's first AI & robotics hospitality centre.
- AgiBot (智元机器人)flagshipAgiBot, China's leading embodied intelligence company, launched its first overseas AI and robotics hub at i-City. This is part of AgiBot's strategic initiative series across the Asia-Pacific region, marking Malaysia as the first hub. Partnership positions i-City as Malaysia's first AI and robotics centre.
- CelcomDigicoreCelcomDigi 5G network deployment in i-City to accelerate Shah Alam's transformation into ASEAN smart city, enabling 5G-enabled homes and businesses.
- HiltoncoreDoubleTree by Hilton Shah Alam i-City operation - international hospitality experience within i-City development.
- Central Pattana (CPN)coreCollaboration with Thailand's leading retail developer Central Pattana for international retail experiences at i-City.
- Al Rajhi Bank MalaysiacoreAl Rajhi Bank purchased commercial asset at i-City Finance Avenue, strengthening institutional presence at i-City. This represents one of the world's largest Islamic financial institutions establishing operations in the development.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
I-Berhad competitors and assessment
Company assessmentDirect peers
- Sunway Group: Malaysian integrated conglomerate with master-planned townships, Sunway Lagoon theme park, Sunway REIT malls, and hotels under Sunway Hospitality — the closest Malaysian analog combining property development, leisure attractions, retail mall, and hotels under one integrated platform.
- Mah Sing Group: Malaysian property developer focused on residential and commercial projects across the Klang Valley and key growth corridors; comparable Malaysian property buyer base and development pipeline economics.
- Sime Darby Property: Malaysian master developer of integrated townships (Subang Jaya, City of Elmina, Serenia City) with residential, commercial, and industrial components; directly comparable master-developer model with similar land-bank-driven economics.
- UEM Sunrise: Malaysian master developer of flagship integrated developments (Iskandar Puteri, Mont'Kiara) with residential, commercial, and mixed-use components; comparable in scale, master-developer structure, and Malaysian market exposure.
- IOI Properties Group: Malaysian integrated developer with mixed-use projects (IOI Resort City, IOI City Mall, Putrajaya townships) combining residential, retail, and hospitality; directly comparable integrated property-and-retail business model in the Malaysian market.
- Gamuda Land: Malaysian developer of smart townships (Gamuda Cove, twentyfive.7, Bandar Botanic) that integrate digital infrastructure, sustainable design, and connected-living features; the closest peer pursuing a 'smart township' positioning analogous to I-Berhad's AI City Platform narrative.
- SP Setia Berhad: Major Malaysian master developer of townships (Setia Alam, Setia Eco Park, Setia Tropika) with mixed residential, commercial, and retail components; comparable scale and integrated master-developer business model targeting similar property buyer segments.
Others
- GuocoLand: Singapore-based integrated developer with mixed-use projects (Tanjong Pagar, Guoco Midtown) combining residential, Grade A office, retail, and hotel components; thematically adjacent as an Asian integrated mixed-use developer with comparable asset-mix philosophy.
Regional players
- Central Pattana (CPN): Thailand's largest retail property developer and operator of mixed-use destinations; already an I-Berhad collaboration partner for international retail experiences at i-City, making it a directly relevant regional peer in retail-and-mixed-use development.
- CapitaLand: Singapore-based pan-Asian integrated real estate group with residential, retail (CapitaLand malls), and lodging exposure; comparable in integrated development model across Asia and increasingly relevant given shared smart-city and sustainability themes in newer projects.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
I-Berhad social profiles
Digital presenceI-Berhad compliance and trust
Trust signalCompliance1 record
I-Berhad financial estimates
Financial estimateRevenue estimate
Valuation estimate
I-Berhad leadership team
Management profileNumber of profiles
Profiles3 records
I-Berhad funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
I-Berhad M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about I-Berhad
What does I-Berhad do?
I-Berhad is the master developer of i-City, an integrated digital city in Shah Alam, Malaysia, developing and selling residential and commercial properties, operating hospitality assets (DoubleTree by Hilton, Wyndham), retail (Central i-City Shopping Mall), leisure attractions (SkyCity Tower, SnowWalk, WaterWorld), and an AI City Platform spanning AI Living, AI World, and AGIBOT robotics experiences.
Is I-Berhad a public or private company?
I-Berhad is a public company. It is classified as public and is currently operating.
When was I-Berhad founded?
I-Berhad was founded in -1. It employs 251 to 500 people.
Where is I-Berhad based?
I-Berhad is headquartered in Shah Alam, Malaysia, in the Asia region.
How does I-Berhad make money?
Four revenue lines are on record. Property Development is the primary driver. The others are property Investment, leisure & Hospitality and AI City Platform Services.
Who are I-Berhad's main competitors?
Direct peers on record are Sunway Group, Mah Sing Group, Sime Darby Property, UEM Sunrise, IOI Properties Group, Gamuda Land and SP Setia Berhad. GuocoLand is listed as an others. Regional players are Central Pattana (CPN) and CapitaLand.
Does I-Berhad have an API?
No public API is recorded for I-Berhad.
What industry is I-Berhad in?
I-Berhad's product category is Mixed-Use Real Estate Development. Its primary akta.pro industry code is BPAJACAJ, Industrial Land & Build-to-Suit Site Brokerage. Its NAICS code is 71311 and its SIC code is 6552.