A MAGNET FOR

Dubbed ‘world-class metropolis’, it is set to attract major industries

AN ambitious economic zone will be launched this week that planners say will transform the lives of millions of people, especially in Negri Sembilan.

Called “Malaysia Vision Valley” (MVV) and dubbed a “world-class metropolis”, the sprawling zone will be a magnet for local and foreign investors in high-tech industries, and the medical and healthcare, education and tourism sectors.

Prime Minister Datuk Seri Najib Razak will chair the first steering committee of the MVV at his office on May 4.

He will also witness the signing of the head of agreement comprising three entities which are jointly spearheading the ambitious corridor.

The three parties are Sime Darby Bhd, which will take a 50 per cent stake in the venture, followed by Kumpulan

Wang Persaraan

(KWAP) and Malaysian property firm Brunsfield International Group, which hold 25 per cent each.

They will jointly own MVV Holdings Sdn Bhd, the master planner and project promoter. The chairman of the firm has yet to be named.

The state government of Negri Sembilan will not hold a stake in MVV Holdings but will invest in some of the flagship projects to be developed within the corridor.

The main pull for potential investors will be the proximity to ports and airports, excellent rail