Latest news with #MalaysiaVisionValley2.0
Malaysian Reserve
11-06-2025
- Business
- Malaysian Reserve
Negri Sembilan is a ‘hidden gem'
Strategic location and industrial growth make Negri Sembilan a top investment target NEGRI Sembilan has embraced a forward-looking development agenda with the Negri Sembilan Vision Valley (NSVV), also known as the Malaysia Vision Valley 2.0 (MVV 2.0), as a cornerstone of its strategy. 'We believe the development of NSVV will play a crucial role to attract more investment and drive the state's economic growth over the medium to long term,' MIDF Amanah Investment Bank Bhd (MIDF Research) said in a thematic report on the state released in end-May. For this year, MIDF Research expects the state GDP growth will continue to be supported by the domestic spending activity amid concerns of the negative impacts from trade war on Malaysia's manufacturing activity. 'We also noticed that recent acceleration in Negri Sembilan's inflation was due to inflation in the restaurants & hotels segment, which suggests the demand condition (especially for food and beverages (F&B) services, travels and accommodation) remained strong,' it said. The report, entitled 'Uncovering A Hidden Gem', identified three key investment highlights for Negri Sembilan. First, Negri Sembilan is strategically located near Klang Valley and Kuala Lumpur International Airport (KLIA), enhancing its appeal for logistics and investment. Second, the state's nominal GDP grew at a compound annual rate of 5.8% from 2015 to 2023, slightly above the national average. Manufacturing and services sectors made up over 90% of Negri Sembilan's GDP in 2023, underscoring their economic importance. Third, several key initiatives for the development of the state; (i) the MVV 2.0 initiative spans 153,000 ha and targets high-tech, aerospace and maritime industries, (ii) the Digital Economy Blueprint 2027 promotes smart agriculture, tech parks and digital governance initiatives, (iii) the Negri Sembilan Maju 2045 vision outlines a long-term plan for inclusive, sustainable and innovation-driven growth. It estimated Negri Sembilan's real GDP expanded by 4.4% to 5.0% last year (2023: 1.8%), backed by increased domestic spending and in contrast to the decline in exports. Taking into account the trade weakness, it said its estimate assumed the state real GDP growth to be somewhat lower than 5.1% rise in national real GDP growth last year. The state is led by Mentri Besar Datuk Seri Aminuddin Harun. Here are some excerpts from MIDF Research's two-part report: Negri Sembilan remains the ninth largest state in Malaysia, with the size of its nominal GDP having grown to RM63.3 billion in 2023 (2015: RM40.2 billion) after growing at a compound annual growth rate (CAGR) of 5.8% per annum since 2015. The state's economy grew slightly more robust than the national economy as the CAGR for Negri Sembilan's nominal GDP was marginally higher than the CAGR of 5.6% per annum for national nominal GDP in the same eight-year period. Despite the stronger growth, Negri Sembilan accounted for 3.5% of Malaysia's nominal GDP (2015: 3.4%). In 2023, the manufacturing and services sectors accounted for the largest share of 90.7% of Negri Sembilan's GDP in 2023 (2022: 89.6%; 2015: 86.2%). Negri Sembilan ranked fifth among all states in contributing to the national manufacturing GDP in the year, accounting for 5.4% — behind Johor (12%) and Sarawak (10.3%). Growth Sector We foresee the services sector growth will be sustained on the back of increased domestic spending, while the outlook for the manufacturing sector could be constrained by the trade war and uncertainties on the future external demand. While we expect manufacturers will take the chance to frontload deliveries and shipments following the US decision to temporarily pause from imposing the 24% reciprocal tariffs, there was persistent weakness in Negeri Sembilan's export activity in the first quarter of 2025 (1Q25) which was incon- sistent with the pick-up in national exports ahead of the US tariff hikes. On the domestic front, higher inflation and renewed cost pressures present other downside risks that could hurt consumer and business spending, which could come from further subsidy rationalisation and other policy changes. Nonetheless, a resilient labour market, accommodative monetary policy and ongoing fiscal measures will support in sustaining domestic demand. Going forward, income growth in Negri Sembilan is expected to improve in tandem with efforts to attract more investment into the state. Increasingly, companies are capitalising on the spillover effects of industrial and tech developments in Selangor and Johor by relocating operations to Negri Sembilan. The state offers lower operating costs while maintaining close proximity to the Klang Valley, making it an attractive location for business expansion. This shift is likely to support higher output and create more job opportunities, contributing to stronger income growth in the coming years. The NSVV or MVV 2.0 is a large-scale economic development corridor located in the state. It encompasses the districts of Seremban and Port Dickson. The NSVV is a long-term development spanning 1,534 km sq, roughly twice the size of Singapore. It is envisioned to be a world-class metropolis that is competitive, inclusive and environmentally clean. It is considered as strategically located as it leverages its close proximity to heavily developed Klang Valley and KLIA, aiming to gain from the spillover effects from Greater Kuala Lumpur's rapid development. We believe the development of NSVV will play a crucial role to attract more investment and drive the state economic growth over the medium to long term. Negri Sembilan has embraced a forward-looking development agenda. The MVV 2.0 initiative is a cornerstone of this strategy. MVV 2.0 aims to transform the state into a high-tech, sustainable economic corridor. It includes key projects such as the Negri Sembilan High Tech Industrial Park, Negri Sembilan Aerospace Valley (NSAV) and the Port Dickson Free Zone. These developments are designed to attract high-value industries, including semiconductors, aerospace, maritime logistics and smart manufacturing. The Negri Sembilan Digital Economy Blueprint 2027 is a strategic initiative aimed at transforming the state into a digitally empowered economy by 2027. Building upon earlier efforts, the blueprint focuses on enhancing digital infrastructure, promoting industry digitalisation and fostering a digitally literate society. Key Projects Key projects include the development of smart agriculture practices in Gemas, the establishment of high-tech industrial parks like Techpark @ Enstek and Sg Gadut Industrial Park and the creation of a new digital centre in Seremban 3. These initiatives aim to attract investments in sectors such as electric vehicles, semiconductors, aerospace and halal industries. In addition to these, the blueprint outlines plan for the establishment of Sendayan Tech Valley, envisioned as a hub for high-tech manufacturing and innovation. The state is also focusing on enhancing digital governance through initiatives like N9PAY, a digital payment gateway facilitating cashless transactions for government services. Furthermore, there is an emphasis on digital literacy programmes, including collaborations with institutions like Universiti Teknologi MARA (UiTM) and the implementation of the Malaysian Communications and Multimedia Commission (MCMC)-Microsoft AI TEACH programme. Collectively, these efforts are poised to position Negri Sembilan as a competitive, inclusive and sustainable digital economy by 2027. Ultimately, the digital economy blueprint is a strategic roadmap to integrate digital technology into the economy to achieve the Negri Sembilan Maju 2045 vision. — TMR This article first appeared in The Malaysian Reserve weekly print edition
BusinessToday
07-06-2025
- Business
- BusinessToday
Negeri Sembilan's Bold Plans As Malaysia's Next Smart Economic Hub
Negeri Sembilan is stepping confidently into the national spotlight with bold plans to become Malaysia's next smart and sustainable economic hub, according to a new report by MIDF Research. The 'Negeri Sembilan – The Next Smart Frontier' , outlined the state's ambitions through Malaysia Vision Valley 2.0 (MVV 2.0), a megaproject spanning 153,000 hectares across Seremban and Port Dickson, designed to anchor growth in high-value industries such as semiconductors, aerospace, biotechnology, and halal manufacturing. Driving Growth with MVV 2.0 MVV 2.0 aims to transform Negeri Sembilan into a high-tech investment hub through a series of strategic zones: Negeri Sembilan High-Tech Industrial Park Aerospace Valley Port Dickson Free Zone and Smart AI Container Port Semiconductor Valley in Senawang Integrated Maritime Hub and Tourism Waterfront Each of these parcels is designed to draw foreign direct investments (FDI), enhance logistics infrastructure, and create high-skilled jobs. Strong FDI Momentum Negeri Sembilan has already attracted RM24.1 billion in foreign investments since 2019, with South Korea, Singapore, France, China, and Taiwan leading the pack. Major projects include: F&N's RM1.8 billion AgriValley in Gemas France's Safran Landing Systems expansion (RM650 million) Semiconductor ventures from Taiwan and South Korea Fast Lane for Investors To accelerate project implementation, Negeri Sembilan launched the 'Fast Lane' initiative, which cuts approval times from 24 to just 14 months. This proactive approach has helped the state become a top FDI destination post-pandemic. Human Capital as a Growth Engine The state is also investing in talent through partnerships between industries and institutions like UiTM and polytechnics. A standout example includes EV companies collaborating with local universities to train job-ready graduates. Negeri Sembilan consistently ranks among the top performers in national education metrics. Digital and Green Development The Negeri Sembilan Digital Economy Blueprint 2027 aims to transition the state into a digital powerhouse. Key plans include: Establishment of Tech Valley in Sendayan Smart agriculture initiatives N9PAY for digital government services Collaboration with Amazon, TikTok, and Tooying for e-commerce On the sustainability front, a 1,400MW gas power plant by Malakoff and numerous solar EPCC projects are set to power the state's green transition. Solar players such as Samaiden, Pekat, and Sunview are expected to benefit from rising demand. Sectoral Growth and Key Beneficiaries Industrial Property & Construction: Developers like Matrix Concepts, Eco World, and Sime Darby Property are positioned to gain from massive industrial developments within MVV 2.0. Gamuda, IJM Corp, and Sunway Construction are also seen as prime beneficiaries of infrastructure and data centre contracts worth up to RM18 billion. Consumer & Halal Sectors: The growth of halal manufacturing zones and logistics hubs directly benefits consumer brands like F&N, Dutch Lady, Farm Fresh, and Tyson Foods. The state's vision to lead Malaysia's halal and dairy supply chains further reinforces this trajectory. Technology: With RM2.75 billion in E&E investments since 2019, the creation of Semiconductor Valley in Senawang is a key pillar under the National Semiconductor Strategy. Samsung SDI's presence affirms the state's role in the global semiconductor supply chain. Logistics & Transportation: Tanco Holdings' AI Smart Port and Port Dickson Free Zone aim to ease congestion at Port Klang and attract maritime traffic. Logistics players such as Tasco and Swift Haulage are expected to benefit from enhanced connectivity and warehousing demand. Plantation: With 36,000+ hectares of oil palm estates, SD Guthrie stands to gain the most from potential land monetisation within MVV zones, offering windfall gains amid the expanding development footprint. Ambitious Long-Term Vision The state's medium-term Negeri Sembilan Development Plan (2021–2025) and long-term Negeri Sembilan Maju 2045 blueprint align with national goals like the New Industrial Master Plan 2030 and SDGs. The goal is to grow GDP by a robust 8.1% CAGR through 2045, backed by urbanisation and industrialisation. Related
New Straits Times
03-06-2025
- Business
- New Straits Times
Negri Sembilan, a major growth frontier for SD Property
KUALA LUMPUR: Negri Sembilan has emerged as a key growth frontier for some property developers particularly Sime Darby Property Bhd (SD Property). SD Property plays an instrumental role as one of the lead developers of the Malaysia Vision Valley 2.0 (MVV2.0) development corridor. MVV2.0 is a catalytic development initiative aimed at unlocking the economic potential of Negri Sembilan. As part of the National Physical Plan, MVV2.0 is intended to transform the southern corridor of the Klang Valley into a new growth frontier, leveraging strategic connectivity and proximity to Greater Kuala Lumpur. SD Property contributes to the activation of this corridor by unlocking its sizeable landbank in Nilai and Labu. Currently, SD Property holds about 4,000 acres of remaining land within MVV2.0, with an estimated remaining gross development value of RM16 billion. TA Securities said SD Property's management sees Negri Sembilan as a fast-emerging hotspot, offering industrial land at significantly more competitive pricing, about half the cost of similar offerings in Selangor while enjoying superior accessibility. This view is increasingly reflected in the group's sales composition, as Negri Sembilan accounted for 20 per cent of its total property sales in the quarter, up markedly from an average of just five per cent in FY24. The strong demand for units at Hamilton Nilai City and the positive initial response to Vision Business Park (VBP) highlight the state's growing importance as a strategic industrial destination. VBP, a 760-acre integrated industrial and commercial estate located within MVV2.0, is a key project for the property developer. Launched in April, VBP boasts an estimated gross development value of RM2.4 billion. It is situated near key infrastructure nodes including KLIA, KLIA2, the Nilai Inland Port and the North-South Expressway. The project is designed to attract logistics operators, light manufacturers, and technology-driven businesses, with product offerings ranging from ready-built factories and industrial plots to R&D facilities and commercial shop offices.
The Star
20-05-2025
- Business
- The Star
SD Guthrie, EcoWorld firm up Negri project
The agreement establishes Eco Business Park 7 Sdn Bhd as the entity overseeing the project. PETALING JAYA: Eco World Development Group Bhd (EcoWorld), SD Guthrie Bhd (previously Sime Darby Plantation Bhd ), and NS Corp Sdn Bhd (NS Corp) have formalised a shareholders agreement yesterday to launch the development of Eco Business Park 7 (EBP 7) in Negri Sembilan. This follows a memorandum of understanding signed on Dec 18, 2024, and a sales and purchase agreement finalised on April 18, this year. The agreement establishes Eco Business Park 7 Sdn Bhd as the entity overseeing the project, with EcoWorld holding a 55% stake, SD Guthrie Land Ventures Sdn Bhd (a fully owned subsidiary of SD Guthrie) owning 30%, and NS Corp holding the remaining 15%. Eco World Project Management Sdn Bhd, another EcoWorld subsidiary, will manage the development. The development of EBP 7 involves acquiring 1,195 acres of freehold land in Mukim Jimah, Port Dickson, within Parcel C of Malaysia Vision Valley 2.0.
The Star
20-05-2025
- Business
- The Star
EcoWorld, SD Guthrie officially begin development of industrial park
PETALING JAYA: Eco World Development Group Bhd (EcoWorld), SD Guthrie Bhd (previously Sime Darby Plantation Bhd ), and NS Corporation Sdn Bhd (NS Corp) have formalised a shareholders agreement yesterday to launch the development of Eco Business Park 7 (EBP 7) in Negeri Sembilan. This follows a Memorandum of Understanding signed on December 18, 2024, and a sales and purchase agreement (SPA) finalised on April 18, this year. The agreement establishes Eco Business Park 7 Sdn Bhd as the entity overseeing the project, with EcoWorld holding a 55% stake, SD Guthrie Land Ventures Sdn Bhd (a fully owned subsidiary of SD Guthrie) owning 30%, and NS Corp holding the remaining 15%. Eco World Project Management Sdn Bhd, another EcoWorld subsidiary, will manage the development. The development of EBP 7 involves acquiring 1,195 acres of freehold land in Mukim Jimah, Port Dickson, within Parcel C of Malaysia Vision Valley 2.0 (MVV 2.0), a key economic corridor in western Peninsular Malaysia. In a filing to Bursa Malaysia yesterday, SD Guthrie reiterated that the project aims to create an integrated industrial park with commercial hubs, boasting an estimated gross development value (GDV) of RM2.95bil, featuring industrial lots, pre-built factories, and commercial spaces targeting sectors like aerospace, electrical and electronics, logistics, and biotechnology. 'The industrial hub will offer access to a proposed Nilai-Labu Expressway that will enhance connectivity to major hubs such as Kuala Lumpur International Airport, Port Klang, Nilai, and the west coast via the PLUS Highway, offering connectivity and logistical advantages that are conducive for business growth,' the filing read. MVV 2.0, launched in December 2018, spans 380,000 acres across Seremban and Port Dickson, divided into six parcels (A-F), and aims to support Greater Kuala Lumpur's growth. EBP 7 aligns with this vision by promoting sustainable development, attracting local and foreign investments, creating high-value jobs, and boosting Negeri Sembilan's economy. SD Guthrie said the project, expected to unfold over nine years, supports national initiatives like the New Industrial Master Plan (NIMP) 2030 and the National Energy Transition Roadmap (NETR). The partnership leverages SD Guthrie's extensive land assets, EcoWorld's expertise in industrial park development, and NS Corp's role as MVV 2.0's state-appointed coordinator. The project highlights the diversification of SD Guthrie - a major Malaysian landowner with 16 estates, three palm oil mills, and two biogas plants in Negeri Sembilan - into industrial parks and renewable energy. Meanwhile, EcoWorld, with a 9,825-acre landbank and a RM90bil GDV portfolio, has a strong track record in industrial projects, with 2,415 acres dedicated to such parks and 90% of its developments green-accredited. The tripartite agreement was signed on April 18 by SD Guthrie group managing director Datuk Mohamad Helmy Othman Basha, EcoWorld president and chief executive (CEO) Datuk Chang Khim Wah, and NS Corp CEO Norazhar Musa, witnessed by notable figures including Negeri Sembilan Chief Minister Datuk Seri Aminuddin Harun, who also chairs NS Corp.
