Frost & Sullivan to create 830 global knowledge economy jobs by 2020

29 August 2012, Johor Bahru, Malaysia – Frost & Sullivan today opened its doors to their Global Innovation Center (GIC) of Excellence in Iskandar Malaysia.  The project is the result of a strategic collaboration with the Multimedia Development Corporation (MDeC) and Iskandar Investment Berhad (IIB) that was announced by the YAB Prime Minister, Dato’ Seri Mohd Najib Tun Abdul Razak during the Iskandar Malaysia 5th Anniversary celebration late last year.

Frost & Sullivan Global President & Managing Partner, Aroop Zutshi said “We are very pleased to be part of the developments in Iskandar Malaysia. Frost & Sullivan believes that the development of the GIC here will be a real game changer for the future of the company.”

Aroop continued, “Our goal is to create new knowledge-based activities and develop specialized skills that will support Malaysia’s goal to be a high-value, high-income nation by 2020.”

Frost & Sullivan has always been at the forefront in driving growth for its clients, with a range of innovative products and services tailor-made to address clients’ needs. Frost & Sullivan Malaysia currently has 120 employees in Kuala Lumpur and aims to add another 830 in Iskandar by 2020.

“The Global Innovation Center in Iskandar will serve Frost & Sullivan’s global operations and offices, providing opportunities for local employees to work on global projects. We are committed and invested to effectively contribute and bring new competencies and skill sets into the country,” said Manoj Menon, Partner & Asia Pacific Managing Director, Frost & Sullivan.

Manoj added, “We are constantly on the lookout for local talents to join us and the opening of our GIC will allow us to cultivate these talents. With our presence in Iskandar, we will be able to support our clients down south better and we look forward to a more integral role with the country, government and industry.”  

MDeC Chief Executive Officer Datuk Badlisham Ghazali noted that Frost & Sullivan has had more than 10 years of experience in Malaysia and is a part of the MSC Malaysia initiative. “MSC Malaysia welcomes companies who continue to look at Malaysia for future growth and bring new competencies and skill sets into the country. One example is the digital media COE which will see content being developed in new formats for different applications.”

IIB President/Chief Executive Officer Datuk Syed Mohamed said: “As a catalytic developer of Iskandar Malaysia, IIB, via our flagship project Medini Iskandar Malaysia, is committed in putting the crucial foundation in place in the quest to transform the corridor into one of the regions emerging economic powerhouse.

We believe the Frost & Sullivan GIC project is a critical component that would further add value to Medini Iskandar Malaysia; a multi-billion dollar integrated urban development, envisioned to be the pulse of Iskandar Malaysia.”

Iskandar Regional Development Authority (IRDA) Chief Executive Datuk Ismail Ibrahim commented, “The inauguration of the Frost & Sullivan GIC is indeed a development that Iskandar Malaysia can celebrate. Aligned with our vision to create Iskandar Malaysia as the first choice to Invest, Work, Live and Play, we are confident that the presence of Frost & Sullivan in the Iskandar Malaysia eco-system will be an impetus for further growth in the Business services sector and lead to many more high value employment opportunities in Iskandar Malaysia.”

About Frost & Sullivan’s Global Innovation Center

The Global Innovation Center will specifically host five centers of excellence. Frost & Sullivan defines a Center of Excellence to have the following characteristics:

1.            It provides Global Services (It has to address the needs for the entire company globally)

2.            It develops thought leadership and Intellectual Property for the company

3.            It helps the company and its clients to operate at Best Practice Level

 

Each of these Centers of Excellence will drive a very unique value proposition for Frost & Sullivan to service global customers. Specifically, the five centers of excellence are:

1.            Consulting Center of Excellence

2.            Innovation Center of Excellence

3.            Growth Innovation Leadership University

4.            Financial Center of Excellence

5.            Digital Media Center of Excellence

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