PUTRAJAYA, 4 May 2017- Sime Darby Property Berhad, Kumpulan Wang Persaraan (Diperbadankan) [KWAP], and Brunsfield Development Sdn. Bhd. today signed a Memorandum of Understanding (MoU) to lead the development of a major new strategic development region, known as the Malaysia Vision Valley (MVV), spanning a total area of over 153,000 hectares, encompassing the districts of Seremban and Port Dickson in Negeri Sembilan.
A public-private partnership with the Malaysian Government, MVV will form a key part of the 11th Malaysia Plan and the National Transformation Plan which will drive the country’s growth and development for the next 30 years.
The MoU was signed by Dato’ Jauhari Hamidi, Managing Director of Sime Darby Property Berhad, Tan Sri Dato’ Dr. Ir. Gan Thian Leong, Managing Director of Brunsfield Development Sdn. Bhd., and Dato' Wan Kamaruzaman Wan Ahmad, Chief Executive Officer of KWAP.
The signing ceremony was witnessed by the YAB Prime Minister and Negeri Sembilan Menteri Besar, YAB Dato’ Seri Utama Haji Mohamad Haji Hasan.
MVV is planned as an expansion of Greater Kuala Lumpur, building on its organic growth to the south, and capitalizing on the existing and planned world class infrastructure, resources, and talent, attracting investments from all over the world.
The 30-year project is expected to attract approximately RM 290 billion of investment into MVV, create almost 1.38 million new jobs, and generate between 6.2% to 7.3% annual GDP growth for the development, helping deliver the country’s economic, cultural, and sustainability goals.
Through the MoU, Sime Darby Property, Brunsfield Development, and KWAP will explore the opportunity to develop the first phase of development in the area which forms part of the 11,000 hectares of land currently being planned for development.
“Malaysia Vision Valley will be a natural extension to the outward expansion of the Klang Valley. Sime Darby is proud to be leading a major nation building development that will support Malaysia’s long term economic growth,” said Tan Sri Dato’ Seri Mohd Bakke Salleh, President and Group Chief Executive of Sime Darby Berhad, parent of Sime Darby Property.
Dato’ Jauhari Hamidi, Managing Director of Sime Darby Property, said, “The MoU is a major step forward for MVV, which will set new international standards in Malaysia for sustainable, innovative, and inclusive development that will help drive Malaysia’s long term growth.
“The three organisations will bring unique experience and expertise which together will help realise MVV’s vision to be a world class metropolis that is competitive, inclusive and founded on clean technology.”
Tan Sri Dato’ Dr. Ir. Gan Thian Leong, Managing Director of Brunsfield Development Sdn Bhd said, “It is a great opportunity for us to be able to contribute to the progress and transformation of urban development in Malaysia for the new Digital Economy. We are honoured to be part of this new and exciting national social and economic development, an inclusive and sustainable urban development that harnesses our international knowledge and experiences in creating highly integrated, affordable community developments which will encourage long-term economic growth and the development of human capital in the nation.”
Commenting on the development, Dato' Wan Kamaruzaman Wan Ahmad, Chief Executive Officer of KWAP said, “We are pleased with the potential of this development and honoured to be given the opportunity to participate, as it is part of our continuous journey in nation building.”
The MVV includes the development of five strategic clusters namely Edu-Tech Valley, Tourism and Wellness, New Livable township, Central Business District, and Nature City that will serve as catalysts for growth, supported by the Federal Government and Negeri Sembilan State Government.
Key infrastructure development in the area, such as the High-Speed Rail and Senawang-KLIA Highway, combined with existing facilities such as KLIA and the North South Highway, will contribute to the growth and success of MVV.
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