Uni Wall APS Holdings Bhd, through its Special Purpose Vehicle with NS Corporation, NS Aero City Sdn. Bhd has entered into a Memorandum of Collaboration (“MOC”) with Sun Solutino Pte. Ltd. to initiate participation and cooperation to develop parts of the Malaysia Vision Valley 2.0 (“MVV 2.0”).
Under the collaboration, NSAC and Sun Solutino will jointly carry out and implement the development of certain parts of MVV 2.0. This includes the funding by Sun Solutino for the development of parts of the beach area, new data centres, and solar farms as well as other solar energy investments with an estimated investment value of RM1 billion.
“We are pleased and excited that we are one step closer to making MVV 2.0 a reality. Under the MVV 2.0, we envision to create a prosperous, inclusive and sustainable platform for industry players to invest in Negeri Sembilan,” said Siow Hon Yuen, Chief Executive Officer of UNIWALL.
“This will be a great opportunity for us to leverage on our wide-ranging expertise in the construction sector while Sun Solutino provides support in Real Estate Investment (“REITs”), development management and international networking.
We are confident that with the combination of this and support from governmental authorities, we will be able to further the Negeri Sembilan state government’s agenda to stimulate the local economy by targeting key industry players that are able to make an overall impact,” he added.
MVV 2.0 is an economic growth corridor initiated by the Negeri Sembilan state government, earmarked as one of 17 promoted developmental zones in the Malaysian National Physical Plan. The overall development, which is envisioned to be the next integrated city in South East Asia driven by Public-Private Partnerships, spans 153,411 hectares of land covering Districts of Seremban and Port Dickson.
