Latest news with #MVV2.0
The Sun
3 days ago
- Business
- The Sun
Negeri Sembilan initiatives to attract high-growth investments to propel development
KUALA LUMPUR: Negeri Sembilan will continue efforts to attract more investments, particularly in high-growth areas under the Central Region Industrial Cluster Development Initiative. Menteri Besar Datuk Seri Aminuddin Harun said the state obtained in-principle approval from the National Investment Council on Oct 16, 2024, for Negeri Sembilan, Selangor, Malacca and Kuala Lumpur to establish a distinct industrial cluster identity within the manufacturing sector. He said this initiative seeks to drive targeted investments through interstate collaboration and strategic partnerships. 'The initiative focuses on four key industries in the central region – electrical and electronics, semiconductors, pharmaceuticals and medical devices, food technology and aerospace. 'This effort aligns with the New Industrial Master Plan 2030, which aims to attract more effective foreign and domestic investments into the region,' he told delegates at a luncheon talk themed 'Negeri Sembilan – The Next Smart Frontier' hosted by MBSB Group today. Aminuddin said Negeri Sembilan recorded RM7.25 billion in approved investments in 2024, a significant increase that is expected to create more than 4,600 job opportunities across the state. In 2022, the state's gross domestic product stood at RM50.9 billion, increasing by 1.8% in 2023 to RM51.9 billion, primarily driven by the services sector, which contributed 52.9%, followed by the manufacturing sector at 37.8%. Other sectors that supported Negeri Sembilan's economy included agriculture, construction, and mining and quarrying. Aminuddin said that the main development agenda for Negeri Sembilan is Malaysia Vision Valley 2.0 (MVV 2.0), a long-term, comprehensive growth plan encompassing the districts of Seremban and Port Dickson. He stated that a continuous public-private partnership approach will drive this development to become a key catalyst for the state's progress. 'We aspire to develop MVV 2.0 into a world-class metropolis that is competitive, inclusive, and sustainable. In its early phase, the focus will be on developing industrial areas to attract new investments to Negeri Sembilan. 'The state government will lead the entire development to ensure it stays aligned with the initiatives outlined in the MVV 2.0 Comprehensive Development Plan. 'The project centres around four key economic drivers: high-tech manufacturing, wellness and medical tourism, skills-based education and research, and specialised services. Phase one of MVV 2.0 will span 30 years and cover a development area of 27,000 acres,' he said. The MVV 2.0 development will be carried out in key zones, including a technology park in Nilai (Parcel A), a smart county in Labu (Parcel B), an Integrated industrial hub in Tanah Merah and Bukit Pelanduk, Port Dickson (Parcel C), an integrated maritime hub and waterfront corridor along the Port Dickson coastline (Parcel D), PD Free Zone and AI smart container port in Port Dickson (Parcel E) and the NS Semiconductor Valley in Senawang (Parcel F). In line with the state government's priorities, the first phase of this catalytic development will focus on establishing a high-tech industrial park. This initial project will be developed in Parcel A, Nilai, within the Hamilton Estate area near the Seremban R&R along the North-South Expressway. Construction work for the Hamilton Industrial Park in Parcel A is under way. The overall development of Parcel A, which also includes Labu, New Labu and Kirby estates, will need to be coordinated with the construction of the new Nilai–Labu–Enstek road, which is now in progress and expected to be completed by July 2026. Parcel B, a smart county in Labu, is planned as a major new township in the Seremban district. It will feature residential, commercial, and industrial zones, along with education and innovation hubs – forming a connected, resilient ecosystem that aims to boost quality of life and create inclusive economic opportunities. Parcel C in Port Dickson, an integrated industrial hub, is a key driver of Negeri Sembilan's economic growth, combining high-tech industries with logistics infrastructure. Its strategic location near Kuala Lumpur International Airport and planned direct road links position it as a prime logistics hub for the region. Parcel D, the integrated maritime hub and waterfront corridor in coastal Port Dickson, is set to boost shipping, port and logistics activities. To attract more investment, the state also plans to develop an AI-powered container port in Parcel E in Pasir Panjang, offering a viable alternative to the congested Port Klang. The proposal has received approval from the Ministry of Transport. Meanwhile, Parcel F in Senawang, branded as NS Semiconductor Valley, is capitalising on rising demand in the semiconductor sector. The area is forming a strong high-tech ecosystem and has already drawn interest from major investors, including Samsung SDI Energy Malaysia. 'Under the MVV 2.0 development covering Seremban and Port Dickson, a total of 12 new industrial zones will be developed across 8,423.28 acres. These include the Hamilton Industrial Park and Vision Business Park in Parcels A and B by Sime Darby Property, as well as MVV City – a mixed-use development in Parcel B by Matrix Concepts Holdings Bhd and the Negeri Sembilan State Corporation,' Aminuddin said.
New Straits Times
4 days ago
- Business
- New Straits Times
Negri Sembilan, a major growth frontier for SD Property
KUALA LUMPUR: Negri Sembilan has emerged as a key growth frontier for some property developers particularly Sime Darby Property Bhd (SD Property). SD Property plays an instrumental role as one of the lead developers of the Malaysia Vision Valley 2.0 (MVV2.0) development corridor. MVV2.0 is a catalytic development initiative aimed at unlocking the economic potential of Negri Sembilan. As part of the National Physical Plan, MVV2.0 is intended to transform the southern corridor of the Klang Valley into a new growth frontier, leveraging strategic connectivity and proximity to Greater Kuala Lumpur. SD Property contributes to the activation of this corridor by unlocking its sizeable landbank in Nilai and Labu. Currently, SD Property holds about 4,000 acres of remaining land within MVV2.0, with an estimated remaining gross development value of RM16 billion. TA Securities said SD Property's management sees Negri Sembilan as a fast-emerging hotspot, offering industrial land at significantly more competitive pricing, about half the cost of similar offerings in Selangor while enjoying superior accessibility. This view is increasingly reflected in the group's sales composition, as Negri Sembilan accounted for 20 per cent of its total property sales in the quarter, up markedly from an average of just five per cent in FY24. The strong demand for units at Hamilton Nilai City and the positive initial response to Vision Business Park (VBP) highlight the state's growing importance as a strategic industrial destination. VBP, a 760-acre integrated industrial and commercial estate located within MVV2.0, is a key project for the property developer. Launched in April, VBP boasts an estimated gross development value of RM2.4 billion. It is situated near key infrastructure nodes including KLIA, KLIA2, the Nilai Inland Port and the North-South Expressway. The project is designed to attract logistics operators, light manufacturers, and technology-driven businesses, with product offerings ranging from ready-built factories and industrial plots to R&D facilities and commercial shop offices.
The Star
20-05-2025
- Business
- The Star
EcoWorld, SD Guthrie officially begin development of industrial park
PETALING JAYA: Eco World Development Group Bhd (EcoWorld), SD Guthrie Bhd (previously Sime Darby Plantation Bhd ), and NS Corporation Sdn Bhd (NS Corp) have formalised a shareholders agreement yesterday to launch the development of Eco Business Park 7 (EBP 7) in Negeri Sembilan. This follows a Memorandum of Understanding signed on December 18, 2024, and a sales and purchase agreement (SPA) finalised on April 18, this year. The agreement establishes Eco Business Park 7 Sdn Bhd as the entity overseeing the project, with EcoWorld holding a 55% stake, SD Guthrie Land Ventures Sdn Bhd (a fully owned subsidiary of SD Guthrie) owning 30%, and NS Corp holding the remaining 15%. Eco World Project Management Sdn Bhd, another EcoWorld subsidiary, will manage the development. The development of EBP 7 involves acquiring 1,195 acres of freehold land in Mukim Jimah, Port Dickson, within Parcel C of Malaysia Vision Valley 2.0 (MVV 2.0), a key economic corridor in western Peninsular Malaysia. In a filing to Bursa Malaysia yesterday, SD Guthrie reiterated that the project aims to create an integrated industrial park with commercial hubs, boasting an estimated gross development value (GDV) of RM2.95bil, featuring industrial lots, pre-built factories, and commercial spaces targeting sectors like aerospace, electrical and electronics, logistics, and biotechnology. 'The industrial hub will offer access to a proposed Nilai-Labu Expressway that will enhance connectivity to major hubs such as Kuala Lumpur International Airport, Port Klang, Nilai, and the west coast via the PLUS Highway, offering connectivity and logistical advantages that are conducive for business growth,' the filing read. MVV 2.0, launched in December 2018, spans 380,000 acres across Seremban and Port Dickson, divided into six parcels (A-F), and aims to support Greater Kuala Lumpur's growth. EBP 7 aligns with this vision by promoting sustainable development, attracting local and foreign investments, creating high-value jobs, and boosting Negeri Sembilan's economy. SD Guthrie said the project, expected to unfold over nine years, supports national initiatives like the New Industrial Master Plan (NIMP) 2030 and the National Energy Transition Roadmap (NETR). The partnership leverages SD Guthrie's extensive land assets, EcoWorld's expertise in industrial park development, and NS Corp's role as MVV 2.0's state-appointed coordinator. The project highlights the diversification of SD Guthrie - a major Malaysian landowner with 16 estates, three palm oil mills, and two biogas plants in Negeri Sembilan - into industrial parks and renewable energy. Meanwhile, EcoWorld, with a 9,825-acre landbank and a RM90bil GDV portfolio, has a strong track record in industrial projects, with 2,415 acres dedicated to such parks and 90% of its developments green-accredited. The tripartite agreement was signed on April 18 by SD Guthrie group managing director Datuk Mohamad Helmy Othman Basha, EcoWorld president and chief executive (CEO) Datuk Chang Khim Wah, and NS Corp CEO Norazhar Musa, witnessed by notable figures including Negeri Sembilan Chief Minister Datuk Seri Aminuddin Harun, who also chairs NS Corp.
New Straits Times
05-05-2025
- Business
- New Straits Times
RHB: MVV 2.0 set to drive earnings growth for Matrix Concepts in FY26
KUALA LUMPUR: Malaysian Vision Valley 2.0 (MVV 2.0) is expected to serve as a new earnings growth catalyst for Matrix Concepts Holdings Bhd in the financial year 2026 (FY26), RHB Research said. The firm noted that lower land costs will offer the company greater flexibility in pricing and help support stronger profit margins. "Negri Sembilan makes up 88 per cent of Matrix Concept's total revenue in nine months of the financial year 2025 and almost 80 per cent of total landbank. "Upon the maiden launch of the first residential product in FY26, MVV City is expected to be the next property sales growth driver over the longer term," it said. RHB Research noted that prior to this, the company had already begun marketing its industrial land plots, securing between RM300 million and RM400 million in sales, which are expected to be recognised starting from the second half of financial year 2026. The firm added that management is also expected to pursue a joint venture for the development of its managed industrial park, with both initiatives to be located within the 1,000-acre industrial zone in MVV City. RHB Research further stated that the upcoming development in Negeri Sembilan is expected to benefit Matrix Concepts, as the creation of new job opportunities will likely drive demand for housing in the area. "We note that Matrix Concepts already has a long track record in property development in the state, and it has acquired 2,382 acres of land in MVV 2.0 over the last three to four years (1,000 acres pending completion in the second half of financial year 2026). "This is on top of its current remaining landbank of 1,366 acres for the Sendayan developments," it said. RHB Research said Negeri Sembilan is poised for accelerated economic growth in the medium term, driven by recent progress in MVV 2.0 and Port Dickson. It noted that aside from Matrix Concepts, which has already held a groundbreaking ceremony for its MVV City project, Gamuda Bhd has purchased 389 acres in Springhill Industrial Park, Port Dickson, to develop cloud and data centre facilities. In addition, SD Guthrie Bhd and NS Corporation have officially partnered with a well-known developer to jointly develop 1,195 acres in Bukit Pelandok into an industrial park.
The Star
28-04-2025
- Business
- The Star
Loke wants PD container port approval to be expedited
SEREMBAN: The Negri Sembilan government, particularly the local authority concerned, has been urged to expedite the Planning Approval application to build an AI-driven container port in Port Dickson (PD). Anthony Loke (PH-Chennah) called the project crucial for the development of Negri Sembilan, particularly in advancing the Malaysia Vision Valley (MVV) 2.0 initiative, and in strengthening the state's industrial sector. "I have been informed that the investment for the project from a private company has been secured, and the funding to build the port is already available. Therefore, I hope the state executive council and the Port Dickson Municipal Council will give serious attention to the development of this project. "I jokingly told the Prime Minister that Port Dickson has the word 'Port' in its name, but there is no actual port, only a jetty. We hope this container port will be realised, as it will be the first container port development within the state's maritime boundary," he said when debating the motion of thanks for the Royal Address at the state legislative assembly sitting here on Monday (April 28). Loke, who is also Transport Minister and Seremban MP, further urged the state government to prioritise approval of semiconductor investments under the MVV 2.0 project, to ensure the sector continues to grow, especially given the current high demand for semiconductors. He added that Negri Sembilan could also seize the opportunity to develop an industrial park through the collaboration under the 'Two Countries, Twin Parks' project between China and Malaysia, for which a memorandum of understanding was recently signed. Meanwhile, Datuk Saiful Yazan Sulaiman (BN-Johol) proposed the establishment of a special state investment team to explore alternative markets such as the Middle East, South Asia, and Africa, while enhancing facilities for investors in green technology and automation in line with the digitalisation agenda. He also suggested that government-linked companies should become more aggressive in driving the state's economy, rather than relying solely on conventional business models, as the world is rapidly moving towards AI and data-driven economies. Opposition leader Mohamad Hanifah Abu Baker (PN-Labu) voiced concern over the rising use of vape among the younger generation in the state, viewing it as a serious threat to public health. Tensions rose briefly when Mohamad Hanifah questioned the allocation of only 20 minutes for his debate speech, compared to other states where opposition leaders are given up to 45 minutes. Following this, Negeri Sembilan State Assembly Speaker Datuk MK Ibrahim Abd Rahman reprimanded Mohamad Hanifah and clarified that the speaking time allotted was the same for all state assembly members (ADUNs). - Bernama
