Trust 300, a global Arab company specialized in the IT sector, said it has officially launched the first phase of its virtual 3D city, CityHi designed to accommodate 12 million citizens from 62 key cities, speaking 25 different languages.

A first-of-its-kind on-line city, www.cityhi.com, is a place where people, businesses, government departments, and investors can come together in an unprecedented commercial environment that allows them to trade, shop, invest, learn and socialize, said the company in a statement.

CityHi's citizens can start up easily their own business virtually, can reduce costs, improve profits, interact with their target audience and sell products or services as done in real life.

Furthermore, they can virtually attend conferences, business meetings, events, have education, meet friends, socialize, do shopping, get latest news, talk, walk, run, swim, drive, fly and play games. All these activities and much more are done virtually without stepping out of their homes or offices.

Although CityHi has positioned itself as a virtual business city, the well planned city has residential areas, universities, schools, hospitals, parks, theaters, art galleries, police stations, courts and many other amenities. The new city has strong infrastructure and governed by laws, regulations, parliament and ministries.

Commenting on the launch, Dr Mohamed Haddad, the founder and CEO of Trust 300, said: “With the official launch of the first phase of CityHi, we are confident our vision of creating a city that adds value to people’s lives become a reality, and our initial one million admirers from around the world during our test phase have confirmed we are on the right track."
 
“Our business advisors have confirmed that over the next five years, more than 2 million jobs will be created in CityHi, as businesses in the new city will require full-time individuals to serve and meet customers,” Dr Haddad stated.

According to him, the users can attend classes in universities, visit museums and art galleries, attend conferences and seminars, and make friends with millions of other connected users.

"Investors can buy prime virtual real estate in CityHi to rent out to business or develop and sell with profits. CityHi's virtual real estate and the city's master plan are designed by leading real estate experts including world leader Jones Lang LaSalle."

The city has a Land Department that controls the Real Estate supply demand and protects owners. This attracts investors to invest in the city. Where investors can buy prime virtual Real Estate or lands in CityHi with the intention to rent out or develop and sell with profits, he added.

The new city is owned by TRUST 300 (joint stock company) which is backed up by a panel of leading international universities and advisors in; management, real estate, marketing, economy, politics and technology including "IBM" and "PriceWaterhouseCooper".-TradeArabia News Service