Emkay Group has plans to develop RM4.3 billion worth of properties in Cyberjaya, Selangor, from 2010 onwards.

The group, controlled by developer Tan Sri Mustapha Kamal Abu Bakar, will add another 10 million sqf of office space in the area over several years via its future developments.

Mustapha Kamal said: “The group is now looking at buying some 70 acres of prime land for that purpose.”

The Emkay group is helping to develop Cyberjaya through major projects such as NeoCyber and MKN Embassy Techzone. The latter is 60:40 joint venture with India’s Embassy Group.

Emkay will build eight office towers at MKN Embassy Techzone next year. The office buildings will boast a gross development value of RM800 million, offering space spanning two million sqf. Twenty acres were acquired for the project. Amanah Raya Bhd recently purchased three completed office buildings in the project worth RM266 million.

To date, Emkay has completed projects totalling RM291 million and an office space of 700,000 sqf in Cyberjaya. It will have provided a total of 3.5 million sqf of office space by 2011.

It has also completed 272 residential units and 205 shop offices at NeoCyber. Built in four phases since 2007, the development is currently in the third phase, which commenced last month and slated for completion by June 2010.