KUALA LUMPUR: Johor Corporation (JCorp), the state investment arm of Johor, is partnering with Tiong Nam Logistics Holdings Bhd to build and co-develop a 121.41-hectacre state-of-the-art, technology-enabled logistics park in Sedenak Technology Valley.
JCorp, via its wholly-owned JLand Group Sdn Bhd (JLG), signed a preliminary collaboration agreement with Tiong Nam to jointly develop the RM2.39 billion gross development value (GDV) project.
The project will be developed in phases over five years with an estimated 4,000 jobs to be created from the development, construction and operation facilities.
JCorp president and chief executive Datuk Syed Mohamed Syed Ibrahim said the joint development was identified as a key flagship logistics project within Sedenak Technology Valley.
"Through this venture, we aim to develop this pioneering project as a showcase for the Logistics Industry, as part of Sedenak Technology Valley's core development focus in strategic industries.
"With the rising of 'Asia for Asia' approach, JCorp seeks to leverage the growth of supply chain networks in the region by developing an integrated logistics platform for industries and export-oriented businesses.
"With the growing importance of intra-regional trade in Asia, JCorp will continue to leverage its established network of industry partners to drive greater connectivity across new and existing trade corridors," Syed Mohamed said.
JCorp real estate and infrastructure division Datuk Akmal Ahmad said in the group's commitment to position Johor as the nation's leading logistics corridor for the region, a key part of JLG's strategy was to provide efficient logistics and industrial solutions for our customers to bridge existing market gaps.
"We are pleased to partner with Tiong Nam and combine our teams' expertise in industrial development to offer integrated and world-class logistics facilities, equipped with sustainable green features," he said.
Akmal is also JLG group managing director.
Tiong Nam managing director Ong Yoong Nyock said the logistics park in Sedenak Technology Valley was set to bring international players and pioneering multi-modal logistics solutions to enhance the transport and supply chains in Johor and for the region.
"Our experience in providing sustainable, integrated logistics solutions, as well as industrial properties with green building certification will be replicated at this upcoming industrial hub.
"By integrating warehousing logistics automation and the latest construction technology, we are confident that the project will contribute to increasing logistical efficiency and productivity levels to support international and local trade, production and consumption activities," he said.
Key areas of the project include leasing and facilities management, logistics 4.0 system integration as well as transportation services and last-mile activities.
This large-scale, sustainable development will include ready-built solutions such as built-to-specification warehouses and factories, to provide tenants with the flexibility of growing their businesses.