Uni Wall, Sun Solutino team up to develop land in Malaysia Vision Valley 2.0
04 Feb 2022
Uni Wall APS Holdings Bhd’s 80 per cent-owned subsidiary, NS Aero City Sdn Bhd (NSAC) has entered into a memorandum of collaboration (MOC) with Sun Solutino Pte Ltd to develop a portion of the land in Malaysia Vision Valley 2.0 (MVV 2.0).
In a filing with Bursa Malaysia today, Uni Wall, which is a provider of building facade services to property developers, said the development, with an estimated investment value of up to RM1 billion, will include certain parts of the beach area in MVV 2.0, new data centres, and solar farms, as well as other solar energy investments.
Chief executive officer Siow Hon Yuen said the MOC will remain valid for a period of one year from the date of the agreement and the collaboration will be a great opportunity for the company to leverage their wide-ranging expertise in the construction sector.
“Sun Solutino would be providing support in real estate investment trusts (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 said.
He added that the company envisioned creating a prosperous, inclusive and sustainable platform for industry players to invest in Negeri Sembilan under the MVV 2.0 development.
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 Southeast Asia driven by public-private partnerships, spans across 153,411 hectares of land covering the districts of Seremban and Port Dickson.