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Friday, 5 May 2017

(The Edge) Sime Darby, KWAP and Brunsfield to kick-start Malaysia Vision Valley

PETALING JAYA: Sime Darby Property, Kumpulan Wang Persaraan (Diperbadankan) (KWAP) and Brunsfield Development Sdn Bhd have signed a memorandum of understanding (MoU) to lead the development of Malaysia Vision Valley (MVV).

The MoU was signed by Sime Darby Bhd managing director Datuk Jauhari Hamidi, Brunsfield Development managing director Tan Sri Gan Thian Leong and KWAP chief executive officer (CEO) Datuk Wan Kamaru-zaman Wan Ahmad in front of Prime Minister Datuk Seri Najib Razak and Negeri Sembilan Menteri Besar Datuk Seri Mohamad Hasan.

Spanning an area of over 153,000ha, MVV encompasses the districts of Seremban and Port Dickson in Negeri Sembilan. Through the MoU, Sime Darby Property, Brunsfield Development and KWAP will explore the opportunity to develop the first phase of the area, which forms part of the 11,000ha of land currently being planned for development.

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.

Sime Darby president and group CEO Tan Sri Mohd Bakke Salleh said MVV 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,” he said in a statement following the signing ceremony.

Meanwhile, Gan said it is a great opportunity and honour for Brunsfield Development, the subsidiary of Brunsfield International Group, to be part of the project.

“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,” said Wan Kamaruzaman. — TheEdgeProperty.com