MOUs worth billions signed to bring MVV 2.0 to fruition - MIDA | Malaysian Investment Development Authority
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MOUs worth billions signed to bring MVV 2.0 to fruition

MOUs worth billions signed to bring MVV 2.0 to fruition

15 Jun 2023

Malaysian Vision Valley 2.0 (MVV 2.0) is expected to contribute up to 15% to the country’s gross domestic product (GDP) once all plans are completed in 2045, says Datuk Dr Mohamad Rafie Ab Malek.

The state investment, industrialisation, education, entrepreneurship and human capital committee chairman said that support from the Federal Government would be crucial to achieving this.

He said the state needed support for the construction of infrastructure, including highways, particularly in the MVV2.0 area, and the exploration of alternative energy sources for electricity, including more sustainable sources such as renewable energy.

Mohamad Rafie, who is also NS Corporation chairman, said the initiatives under MVV 2.0 were to promote economic growth and position Negri Sembilan as a prosperous, inclusive, and sustainable state by 2045.

“MVV 2.0 has been designed to drive the growth of Negri Sembilan and currently includes six development parcels,” he said at the launch of the catalyst projects for MVV 2.0 by Prime Minister Datuk Seri Anwar Ibrahim.

Parcel A, covering an area of 2,838 acres (1,148ha), is planned as a high-tech industrial area known as the NS High Tech Industrial Park.

The second, Parcel B, which spans 8,796 acres (3,560ha), is planned as the development area for Smart County, which, among others, will have a new central business district in Seremban, encompassing residential and commercial areas and light and medium industries.

Mohamad Rafie said Parcel C, spanning 15,373 acres (6,221ha), known as NS Aerospace Valley (NSAV), would be a dynamic and integrated aerospace industrial hub in Malaysia and the Asian region. The key components in this area include aerospace, oil and gas, electric vehicles (EVs), and a logistics hub.

Parcel D, known as the Integrated Maritime Hub and Coastal Corridor, encompasses the entire state waters within three nautical miles and is planned to develop the maritime industry in Port Dickson.

“We are also planning to develop an industrial port to support development in NSAV and complement Port Klang,” he said.

The 4,500-acre (1,821ha) Parcel E, still in the planning phase, will be developed as the Unmanned Vehicle Valley (UVV). The development will encompass four sectors – UAV (unmanned aerial vehicle), UGV (unmanned ground vehicle), USV (unmanned surface vehicle), and UUV (unmanned underwater vehicle).

Mohamad Rafie said Parcel F, near the Tuanku Jaafar Industrial Park, would be known as the NS Semiconductor Valley.

“This area will be developed as a semiconductor industry hub. So far, we have received two proposals for developing the semiconductor industry worth RM35bil,” he added.

Mohamad Rafie said NS Corporation has also successfully entered into several agreements and collaborations for all developments in the MVV 2.0 area.

This includes signing a memorandum of understanding (MOU) with the National Aerospace Industry Corporation Malaysia for developing an aerospace ecosystem in the NSAV and the UVV.

“We also have an MOU with China National Aerotechnology International Engineering Corporation for the development of real estate and infrastructure in the NSAV area, with a total investment of RM5.81bil.

“Then, there is a joint venture with Matrix Concepts Holdings Bhd for the mixed development in Parcel B with a total investment of RM7bil,” he said.

Mohamad Rafie said other collaborations include a joint venture with MIE Industrial Sdn Bhd to develop the industrial terminal facility known as NS Maritime Gateway with a total investment of RM1.2bil, and another collaboration with Labu Tech Park Sdn Bhd for the infrastructure development of the NS Smart Park industrial area in Parcel B with a total investment of RM700mil.

The other joint ventures are with NS Semiconductor Valley Sdn Bhd for the development of the semiconductor industry area in Parcel F with a total investment of RM420mil and with Seremban Engineering Bhd for the development of NSC Jetty with a total investment of RM400mil.

Mohamad Rafie said NS Corporation has also formed a joint venture with WSH Development Sdn Bhd for the development of the NS Seaplane Hub infrastructure with a total investment of RM68.5mil and signed an MOU with Systematic Aviation Services Sdn Bhd for the development of a water aerodrome in the NS Seaplane Hub.

Source: The Star