by AZREEN HANI / pic source PR1MA
PR1MA Corp Malaysia has signed a memorandum of understanding with (MoU) SANY Construction Industry Development (M) Sdn Bhd (SCID), a subsidiary of China-based SANY Group for the use of IBS technology by SANY to build more high-quality affordable housing.
The MoU is also expected to provide more than 12,000 high skilled work opportunities in adapting technical and vocational education and training (TVET) through IBS by SANY.
Up to RM75 million worth of potential investments were estimated via this collaboration, where SCID will build three IBS factories by SANY at strategic locations.
The use of IBS technology will contribute to building 20,000 affordable housing units across the nation with development value worth RM5 billion.
PR1MA and SCID will also work together to create new employment opportunities and develop TVET initiatives at SCID branches in Malaysia and abroad.
Present during the MoU signing ceremony were PR1MA chairman Datuk Dr Fathul Bari Mat Jahya, PR1MA CEO Datuk Seri Mohd Nazri Md Shariff and SCID MD Wang Zhen Yi.
The ceremony took place at Malaysia Pavilion, World Expo 2020, Dubai, witnessed by Prime Minister Datuk Seri Ismail Sabri Yaakob.
“Collaboration between the two parties is essential in achieving the government’s aspiration to help middle-income Malaysian families (middle 40%) own their dream first home. This also shows that Malaysia is a destination hub for investment post Covid-19 pandemic,” said Fathul Bari in a statement yesterday.
“We are very pleased to work with SCID, an expert in the IBS technology. We are confident that through this collaboration, PR1MA can boost the construction of affordable housing and meet the demands of prospective home buyers,” Mohd Nazri added.
For the collaboration for technology transfer, among the advantages of IBS is to reduce construction costs with the adaptation of technology, thus driving the economy through development.
PR1MA, an agency under the Ministry of Housing and Local Government is entrusted with building 100,000 affordable housing while increasing homeownership in line with the 12th Malaysia Plan.
Through this collaboration, SCID will develop a business plan for the supply and delivery of IBS systems.