Sime Darby Property announced a new joint venture with a Japanese consortium to develop a high-tech industrial park in Johor, with a total development value of RM1.5 billion. This strategic move aims to capitalize on increasing foreign direct investment.
KUALA LUMPUR, March 14 – Malaysia's leading property developer, Sime Darby Property Bhd, today announced it has signed a joint venture agreement with a Japanese consortium to jointly develop a 500-acre high-tech industrial park in Johor. The project, with an estimated Gross Development Value (GDV) of RM1.5 billion, aims to attract more foreign direct investments, particularly from high-tech manufacturing and logistics sectors. Sime Darby Property stated that this collaboration will combine its expertise in land development with its Japanese partner's experience in advanced industrial park management. The industrial park will be equipped with state-of-the-art infrastructure to meet the demands of Industry 4.0, and is expected to create thousands of job opportunities in Johor, further solidifying its position as a regional investment hub.
Share: