Malaysia Vision Valley 2.0 to be rejuvenated

By BERNAMA

The plan to develop Negri Sembilan through Malaysia Vision Valley 2.0 (MVV 2.0) will receive a breath of fresh air to enable the government to promote hi-tech industries, said Mentri Besar Aminuddin Harun.

He said MVV 2.0, to be spearheaded fully by the private sector with the government facilitating its implementation, will be able to create more jobs, forecast to be 600,000 by 2045.

In addition, he said the MVV area is targeted to attract RM294 billion in investments within a 30-year period.

“Negri Sembilan has an investment target of RM1 billion annually, and total investments have reached almost RM2 billion so far this year. I call on investors to continue choosing Negri Sembilan as their investment destination and, with the opening of the new corridor, I am very confident economic opportunities will be widely available for all.

“It is the government’s hope that the MVV 2.0 implementation will be able to contribute to the economic growth of the state and the country,” he said in his speech to officiate MVV 2.0 and the 2045 MVV Local Plan publicity and public participation programme in Seremban yesterday.

The 153,411ha development straddles the Seremban and Port Dickson districts.

Sime Darby Property Bhd, through its unit MVV Holdings Sdn Bhd, has agreed to be the master developer to implement the main projects in the MVV area, Aminuddin said. He also invited other private firms to join in to realise the MVV 2.0 scheme.

MVV 2.0 focuses on four economic drivers — the hi-tech industry, services and tourism, education and skills-based research, as well as special services or activities associated with the logistics, aviation and maritime hub.

“The MVV 2.0’s first development phase is in Labu with the project focusing on the hi-tech industry over almost 1,214ha,” he noted.

Aminuddin said the state government is also restructuring the MVV 2.0 Comprehensive Development Plan (CDP), the reference document to improve several main project clusters in a move to encourage hi-tech investments.

Sime Darby Property chairman Tan Sri Dr Zeti Akhtar Aziz, who is also Permodalan Nasional Bhd chairman, said the launch marked the starting point for the property developer to carry out the metropolis development efforts which would be the catalyst for the Negri Sembilan development.

“Sime Darby Property’s major role in MVV 2.0 reflects a continuation of our commitment towards the development of Negri Sembilan. This is an inclusive and comprehensive development plan driven by a public-private partnership that aims to deliver a new growth area for Malaysia, which is now ready for execution.

“In line with the priorities of the state government, Sime Darby Property is initiating the development of a hi-tech and industrial park in Labu, which will be the first heartbeat project among six that have been identified to be activated,” she said.

She said the second phase of the project would be based on the proposal set out in the MVV CDP, which was scheduled to be unveiled yesterday. — Bernama