Latest news with #MalaysiaVisionValley2.0
BusinessToday
6 hours ago
- Business
- BusinessToday
Negeri Sembilan's Bold Plans As Malaysia's Next Smart Economic Hub
Negeri Sembilan is stepping confidently into the national spotlight with bold plans to become Malaysia's next smart and sustainable economic hub, according to a new report by MIDF Research. The 'Negeri Sembilan – The Next Smart Frontier' , outlined the state's ambitions through Malaysia Vision Valley 2.0 (MVV 2.0), a megaproject spanning 153,000 hectares across Seremban and Port Dickson, designed to anchor growth in high-value industries such as semiconductors, aerospace, biotechnology, and halal manufacturing. Driving Growth with MVV 2.0 MVV 2.0 aims to transform Negeri Sembilan into a high-tech investment hub through a series of strategic zones: Negeri Sembilan High-Tech Industrial Park Aerospace Valley Port Dickson Free Zone and Smart AI Container Port Semiconductor Valley in Senawang Integrated Maritime Hub and Tourism Waterfront Each of these parcels is designed to draw foreign direct investments (FDI), enhance logistics infrastructure, and create high-skilled jobs. Strong FDI Momentum Negeri Sembilan has already attracted RM24.1 billion in foreign investments since 2019, with South Korea, Singapore, France, China, and Taiwan leading the pack. Major projects include: F&N's RM1.8 billion AgriValley in Gemas France's Safran Landing Systems expansion (RM650 million) Semiconductor ventures from Taiwan and South Korea Fast Lane for Investors To accelerate project implementation, Negeri Sembilan launched the 'Fast Lane' initiative, which cuts approval times from 24 to just 14 months. This proactive approach has helped the state become a top FDI destination post-pandemic. Human Capital as a Growth Engine The state is also investing in talent through partnerships between industries and institutions like UiTM and polytechnics. A standout example includes EV companies collaborating with local universities to train job-ready graduates. Negeri Sembilan consistently ranks among the top performers in national education metrics. Digital and Green Development The Negeri Sembilan Digital Economy Blueprint 2027 aims to transition the state into a digital powerhouse. Key plans include: Establishment of Tech Valley in Sendayan Smart agriculture initiatives N9PAY for digital government services Collaboration with Amazon, TikTok, and Tooying for e-commerce On the sustainability front, a 1,400MW gas power plant by Malakoff and numerous solar EPCC projects are set to power the state's green transition. Solar players such as Samaiden, Pekat, and Sunview are expected to benefit from rising demand. Sectoral Growth and Key Beneficiaries Industrial Property & Construction: Developers like Matrix Concepts, Eco World, and Sime Darby Property are positioned to gain from massive industrial developments within MVV 2.0. Gamuda, IJM Corp, and Sunway Construction are also seen as prime beneficiaries of infrastructure and data centre contracts worth up to RM18 billion. Consumer & Halal Sectors: The growth of halal manufacturing zones and logistics hubs directly benefits consumer brands like F&N, Dutch Lady, Farm Fresh, and Tyson Foods. The state's vision to lead Malaysia's halal and dairy supply chains further reinforces this trajectory. Technology: With RM2.75 billion in E&E investments since 2019, the creation of Semiconductor Valley in Senawang is a key pillar under the National Semiconductor Strategy. Samsung SDI's presence affirms the state's role in the global semiconductor supply chain. Logistics & Transportation: Tanco Holdings' AI Smart Port and Port Dickson Free Zone aim to ease congestion at Port Klang and attract maritime traffic. Logistics players such as Tasco and Swift Haulage are expected to benefit from enhanced connectivity and warehousing demand. Plantation: With 36,000+ hectares of oil palm estates, SD Guthrie stands to gain the most from potential land monetisation within MVV zones, offering windfall gains amid the expanding development footprint. Ambitious Long-Term Vision The state's medium-term Negeri Sembilan Development Plan (2021–2025) and long-term Negeri Sembilan Maju 2045 blueprint align with national goals like the New Industrial Master Plan 2030 and SDGs. The goal is to grow GDP by a robust 8.1% CAGR through 2045, backed by urbanisation and industrialisation. Related
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
SD Guthrie, EcoWorld firm up Negri project
The agreement establishes Eco Business Park 7 Sdn Bhd as the entity overseeing the project. PETALING JAYA: Eco World Development Group Bhd (EcoWorld), SD Guthrie Bhd (previously Sime Darby Plantation Bhd ), and NS Corp Sdn Bhd (NS Corp) have formalised a shareholders agreement yesterday to launch the development of Eco Business Park 7 (EBP 7) in Negri Sembilan. This follows a memorandum of understanding signed on Dec 18, 2024, and a sales and purchase agreement 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.
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
21-04-2025
- Business
- New Straits Times
PublicInvest deems EcoWorld Malaysia's RM572.8mil land deal in Negri Sembilan fair
KUALA LUMPUR: Public Investment Bank Bhd (PublicInvest) views Eco World Development Group Bhd's (EcoWorld Malaysia) RM572.8 million land acquisition in Negri Sembilan as fair, representing about 19.4 per cent of the proposed industrial development's total gross development value (GDV) of RM2.95 billion. At this juncture, PublicInvest said there are no changes to its earnings estimates for EcoWorld Malaysia, pending further details on the project's official launch. The research house has maintained a Neutral rating on the stock, with a target price of RM1.90, reflecting a 10 per cent premium to book value. This outlook is supported by the developer's track record of consistent profitability and attractive dividend yield. EcoWorld Malaysia has officially entered into a joint venture with SD Guthrie Bhd and Negri Sembilan's state investment arm, NS Corporation, following the signing of a formal agreement last Friday. This move formalises the memorandum of understanding announced in late 2024. The three parties will collaborate to develop a 1,166-acre industrial park in Bukit Pelanduk, Negri Sembilan. The project, to be named Eco Business Park VII, will be undertaken by a newly established joint-venture company. Under this structure, EcoWorld Malaysia will hold a 55 per cent stake, SD Guthrie Land Ventures Sdn Bhd (a wholly owned subsidiary of SD Guthrie) will own 30 per cent, while NS Corporation will take the remaining 15 per cent. This marks EcoWorld Malaysia's maiden foray into Negri Sembilan's industrial park segment. The site is strategically located within the Malaysia Vision Valley 2.0 economic corridor and is envisioned as a fully integrated, master-planned industrial hub with complementary commercial components. Eco World Project Management Sdn Bhd, a wholly owned subsidiary of EcoWorld Malaysia, is expected to be appointed as the development manager. PublicInvest highlighted that industrial development remains a key revenue stream for EcoWorld Malaysia. From FY2014 through to Feb 28, 2025, the group has recorded cumulative industrial sales of RM6.7 billion across its Eco Business Parks. To date, more than 1,400 local and international firms operate within these parks. In the first four months of FY2025 alone, EcoWorld Malaysia recorded close to RM1 billion in industrial sales, driven by two major land transactions signed in February 2025 with global technology giants. It sold 138.532 acres in Eco Business Park I to Microsoft Payments (Malaysia) Sdn Bhd, and 58.187 acres in Eco Business Park V to Pearl Computing Malaysia Sdn Bhd. "As such, we believe the group's track record in the execution of industrial parks speak for itself and we are positive that demand for its industrial offerings would continue to be healthy," PublicInvest said.
