UEM Sunrise unveils plans

UEM Sunrise Bhd has unveiled its comprehensive development plans for the second phase of Gerbang Nusajaya, attracting international investors into its commercial and business development.

Its chief operating officer Raymond Cheah said 1,841.72ha of the entire development were designed for growth via catalytic developments and strategic partnerships with established developers and multinational companies.

“Among the developments in the second phase are a 210ha integrated eco-friendly tech park, namely Nusajaya Tech Park and FASTrack Iskandar, which is a 212.40ha motorsport city.

“The Nusajaya Tech Park is on target to complete its first batch of ready-built facilities by year-end, while FASTrack is close to finalising the details for the commencement of physical construction works,” he said.

Cheah said during a media briefing at its sales gallery in Puteri Harbour Clubhouse here yesterday that Gerbang Nusajaya commanded a gross development value of RM42bil which would be developed over 25 years.

“Upon full completion, it is expected to create 76,000 direct and 137,000 indirect jobs, together with some 220,000 population.

“A balance of 64% of Gerbang Nusajaya’s landbank is currently uncommitted for development and UEM Sunrise is planning to develop it holistically on a phase-by-phase basis,” he added.

Meanwhile, Ascendas CEO William Tay said the tech park, which offered both ready-built factories and land for build-to-suit, had recorded a 73% take-up rate. The tech park is a joint venture between Ascendas, a well-known property company from Singapore, and UEM Sunrise.

“Apart from flagship clients Telekom Malaysia Bhd and Sanwa, some 88% of the investors are international traders including Singaporeans,” he said.

Iskandar Regional Development Authority CEO Datuk Ismail Ibrahim said the authority would continue to offer specially customised incentives to attract more investors.

“To attract investments into Iskandar Malaysia, we have to offer incentives to investors who are promoting the nine key economic sectors,” he said, adding that the incentives could come in the form of a tax waiver for a selected period of time. - By The Star