Teladan Group has signed a Memorandum of Understanding with Melaka Corporation an agency under the State government on a proposed development of a 341.2-acre German Technology Park at Ayer Panas, Jasin District, Melaka.
The project is targeted to attract German investment into the state of Melaka with various industrial developments, including industrial bungalow lots, semi-detached factories, shop offices, and centralised labour quarters.
Under the MOU, both parties will collaborate on feasibility studies and development planning of the Proposed Project. The agreement seeks to leverage on the construction expertise of Teladan and its landbank located along Jalan Gapam. At the
same time, MCORP will lead the development and sales of the Proposed Project.
Germany has remained Malaysia’s top trading partner in the European Union, while Malaysia is now Germany’s largest trading partner in Southeast Asia. Furthermore, Malaysia continues to be an attractive destination for foreign direct investments (FDIs) with German companies investing EU€8.5bil (RM43.61bil) as of 2023.
