IPOH: Perbadanan Kemajuan Negeri Perak (PKNPk) and Advancecon Holdings Bhd
will jointly develop centralised labour quarters (CLQs) in the state.
PKNPk chief executive Datuk Redza Rafiq Abdul Razak said its wholly-owned subsidiary Perak Equity Sdn Bhd has entered into a joint-venture (JV) agreement with Advancecon to spearhead the development of CLQs in several locations in Perak.
Redza Rafiq said the project would be implemented in the Kerian industrial estate, Kamunting industrial park, Silver Valley Technology Park, Kinta District industrial area and the Bemban and Seri Iskandar industrial parks.
“The partnership delineates the roles and responsibilities of both entities in the development, construction, operation, management and maintenance of CLQs on strategically located land parcels in the state.
“PKNPk, with its strategic vision and planning, and Advancecon, with its technical, sales, and marketing expertise, are well-equipped to execute these projects, which focus on upgrading and constructing the new facilities,” he said in a statement yesterday.
“This initiative aims to meet the increasing demands for high-quality and well-maintained workers’ accommodations from industrial manufacturers in Perak,” he said, adding that Perak Equity would hold a 30% stake in the JV company CLQ Silvervalley Sdn Bhd, while Advancecon would hold 70%.
The initial phase of the collaboration aims to accommodate 12,000 workers over the next five years, setting the stage for more extensive CLQ developments to boost the state’s industrial infrastructure, he added.
