UMW, MIDA IN

Plan calls for cre­ation of High Value Man­u­fac­tur­ing Park

New Straits Times - - Business -

FARAH ADILLA

KUALA LUMPUR farah.adilla@me­di­aprima.com.my

UMW Land Sdn Bhd and Malaysian In­vest­ment De­vel­op­ment Author­ity (Mida) will ex­plore ar­eas of co­op­er­a­tion and col­lab­o­ra­tion over UMW Group’s landbank in Serendah, Se­lan­gor.

In a state­ment yes­ter­day, UMW said a mem­o­ran­dum of un­der­stand­ing inked at Mida head­quar­ters ear­lier this month en­tailed the ini­tia­tive to cre­ate a High Value Man­u­fac­tur­ing Park fo­cused mainly on strength­en­ing the aerospace and other in­dus­tries re­lated to smart man­u­fac­tur­ing.

The MoU was signed by UMW Land pres­i­dent Dr Wafi Nazrin Ab­dul Hamid and Mida chief ex­ec­u­tive of­fi­cer Datuk Az­man Mah­mud.

The ex­change of the MoU doc­u­ments at the Langkawi In­ter­na­tional Mar­itime & Aerospace Ex­hi­bi­tion yes­ter­day was wit­nessed by In­ter­na­tional Trade and In­dus­try Min­is­ter Datuk Seri Mustapa Mo­hamed and UMW Hold­ings Bhd chair­man Tan Sri Ha­mad Kama Piah Che Oth­man.

The park, lo­cated next to an au­to­mo­tive man­u­fac­tur­ing fa­cil­ity, con­sists of 348ha for both com­mer­cial and res­i­den­tial de­vel­op­ments.

“This mixed de­vel­op­ment will feature UMW Aerospace’s pro­duc­tion fa­cil­ity of aero­engine fan cases for Rolls-Royce.

“The fa­cil­ity is ex­pected to be

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