Malaysian Vision Valley to attract RM290b investments by 2045, says Najib

PUTRAJAYA: The Malaysian Vision Valley (MVV), a world-class metropolis project, is expected to attract investments worth over RM290 billion and offer over 1.38 million job opportunities by 2045, says Datuk Seri Najib Abdul Razak.
The prime minister said the project, which will cover 153,000ha in Negri Sembilan, will be divided into five strategic clusters covering Central Business District, Nature City, Edu-Tech Valley, Tourism and Wellness and New Liveable Township.
"The 30-year MVV development will implement eight main projects known as the heartbeat projects namely the High Tech Park & Industrial Campus, Integrated Transport District, Sports & Recreational City, World Knowledge City, Biopolis & Wellness City and Tourism District,"he said at the Memorandum of Understanding (MoU) signing ceremony here yesterday.
Najib witnessed the MoU signing after chairing the first steering committee meeting at his office earlier.
He said the government hopes the mega project will provide affordable housing involving an area of 404.7ha while creating public amenities and recreational facilities with green area of over 404.7ha.
"MVV will become a part of Greater Kuala Lumpur under the National Physical Plan.
"The development of MVV is through smart partnership between the public and private sectors and will continue to give focus on high-technology manufacturing, tourism and wellness, skill-based education as well as research and specialised services," he said.
Najib said MVV will also have an integrated transportation hub based on the High Speed Rail in Labu, Negri Sembilan, which will connect the state with KL International Airport, Bandar Malaysia and Singapore.
MVV is an economic zone encompassing some 100,000ha of land from Port Dickson to Seremban and Nilai.
The project reportedly involves three entities, namely Sime Darby Bhd with 50% stake and the remainder will be held equally between Kumpulan Wang Persaraan (KWAP) and Malaysian property firm Brunsfield International Group.
They will jointly own MVV Holdings Sdn Bhd, the master planner and project promoter.
The Negri Sembilan state government will not hold a stake in MVV Holdings, but will invest in some of its flagship projects.
It was reported that this agreement will be the first step in making MVV a reality since it was first mooted in 2009 by Sime Darby and the state government.