KUALA LUMPUR: UEM Sunrise Bhd
has unveiled comprehensive development plans for Gerbang Nusajaya – the gateway to Iskandar Malaysia – with a gross development value of RM42bil.
UEM Sunrise said on Wednesday Gerbang Nusajaya is master planned for connectivity and is easy to reach from Malaysia, Singapore, and regional cities.
Gerbang Nusajaya features a number of catalytic developments including Nusajaya Tech Park, a 519-acre integrated eco-friendly tech park and FASTrack Iskandar, which is a 300-acre “motorsports city”.
The massive development would be over 25 years and would create 76,000 direct job offerings, 137,000 indirect job offerings together with a population of 220,000.
UEM Sunrise is the master developer of Nusajaya, which is one of the five flagship zones and key driver of Iskandar Malaysia.
It said Gerbang Nusajaya as the gateway to Iskandar Malaysia, will be the commercial and business engine for Nusajaya.
“The 4,551-acre second phase development of Nusajaya is designed for growth via catalytic developments and strategic partnerships with established developers and multinational companies,” it said.
UEM Sunrise added that it would have leisure attractions, trades and industries together with its residential and lifestyle offerings.
Nusajaya Tech Park is on target to complete its first batch of ready-built facilities by end of the year and it has attracted flagship clients Telekom Malaysia and SANWA.
“FASTrack Iskandar is close to finalising the details for the commencement of physical construction works,” it said.
UEM Sunrise the balance of 64% of Gerbang Nusajaya’s landbank was currently uncommitted for development.
UEM Sunrise plans to develop it phase by phase basis to ensure that all developments are aligned with the performance of the local and external economy, and that the market is able to absorb its offerings.
As for the Nusajaya Tech Park -- a 519-acre integrated eco-friendly tech park – it is a joint venture between UEM Sunrise and Ascendas Group from Singapore.
The park will have an estimated GDV of RM3.7bil and it plans to have different industries including electronics, pharmaceuticals, food processing, precision engineering, fast moving consumer goods, logistics and warehousing.
It said since the groundbreaking ceremony for Nusajaya Tech Park on June 12, 2014, it has attracted flagship clients such as Telekom Malaysia which signed a land purchase agreement to build a data centre.
UEM Sunrise expects Nusajaya Tech Park is expected to create 22,000 jobs.