Uniwall APS Holdings has entered into a collaboration with Astrom Training Solutions Inc. on a proposed development of part of Malaysia Vision Valley 2.0.
The understanding is for Astrom to attract companies to participate in the project including real estate and infrastructure development.
Astrom is a prominent player in providing training solutions to the aviation industry registered in Canada with a subsidiary in China. The first phase will take up approximately 200 acres land in MVV 2.0 with an estimated Gross Development Value of RM2.5 billion.
Also under the collaboration, both parties will jointly undertake to explore business opportunities in the development of certain parts of MVV 2.0. The opportunities could be investment-related, partnership programs, technical institutions, or training centers.
“The aviation and aerospace industries have been devastated by the coronavirus crisis. However, after two years of the Covid-19 pandemic, we believe all the signs now point towards air travel returning to some measure of normalcy and simultaneously, the rapid recovery of the aviation and aerospace industries. Hence, this collaboration with Astrom, one of the prominent players in the industries, has come at a most opportunistic time and is another major step forward in our growth journey,” said CEO Siow Hon Yuen.
“As an established player, Astrom has significant experience providing training solutions with its state-of-the-art technology. This is a great opportunity for us to leverage Astrom’s existing business and extensive international network. 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,” Siow 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 the Districts of Seremban and Port Dickson.