Building Investment (September-October 2022)

(L-R) YBhg Datuk Syed Mohamed Syed Ibrahim, President and Chief Executive of Johor Corporation, YBhg Datuk Sr Akmal Ahmad, Director, Real Estate
and Infrastructure Division, JCorp and Group Managing Director of JLG, YB Datuk Dr Badrul Hisham Kassim, Chief Executive of Iskandar Regional
Development Authority (IRDA), Mr Ong Yoong Nyock, Managing Director of Tiong Nam Logistics Holdings Berhad, YBhg Dato’ Fu Ah Kiow @ Oh (Fu) Soon
Guan, Chairman of Tiong Nam Logistics Holdings Berhad.
JCorp and Tiong Nam inks deal to build 300-acre
high-tech logistics park in Sedenak Technology
Valley, Johor
Development with estimated RM2.39 billion GDV set to create over 4,000 jobs
Johor Corporation (JCorp), the state investment arm of Johor
through its wholly-owned subsidiary JLand Group Sdn Bhd (JLG)
has signed a preliminary collaboration agreement with Tiong
Nam Logistics Holdings Berhad (Tiong Nam), a home-grown,
full-suite logistics solutions provider and industrial property
developer to build and co-develop a 300-acre state-of-the-art,
technology-enabled logistics park in Sedenak Technology Valley.
Held at Menara KOMTAR, the signing ceremony was witnessed
by YB Datuk Dr Badrul Hisham Kassim, Chief Executive of Iskandar
Regional Development Authority (IRDA).
With an estimated gross development value (GDV) of RM2.39
billion, the joint venture will manage the master planning,
development and promotion of the purpose-built logistics and
warehousing hub. The project will be developed in phases over
five years with an estimated 4,000 jobs to be created from the
development, construction and operation facilities.
YBhg Datuk Syed Mohamed Syed Ibrahim, President and Chief
Executive of JCorp said, “This joint development is identified
as a key flagship logistics project within Sedenak Technology
Valley. Through this venture, we aim to develop this pioneering
project as a showcase for the Logistics Industry, as part of
Sedenak Technology Valley’s core development focus in strategic
industries.”
According to YBhg Datuk Sr Akmal Ahmad, Director, Real
Estate and Infrastructure Division, JCorp and Group Managing
Director of JLG: “The logistics park will be part of a larger
integrated ecosystem for targeted advanced industries.
Capitalising on the success of the Data Centre (DC) industry,
where Phase 1 of the DC hub has attracted RM12.5 billion in
investment, the collaboration with Tiong Nam in this logistics
hub will further accelerate the growth of Sedenak Technology
Valley.”
Mr Ong Yoong Nyock, Managing Director of Tiong Nam
Logistics Holdings Berhad said, “By integrating warehousing
logistics automation and the latest construction technology, we
are confident the project will contribute to increasing logistical
efficiency and productivity levels to support international and
local trade, production and consumption activities.”
Key areas of the project include leasing and facilities
management, logistics 4.0 system integration as well as
transportation services and last-mile activities. This large-scale,
sustainable development will include ready-built solutions, such
as built-to-specification warehouses and factories, to provide
tenants with the flexibility of growing their businesses.
Catered for e-commerce players, third-party logistics (3PL)
operators, freight service providers, retailers, and light-medium
industrial companies, the development will be anchored on
smart facilities, including robotics and automation systems,
as well as renewable energy-driven infrastructure to drive
sustainability-compliant operations. Facilities will include,
but not limited to, essential utilities infrastructure, vehicular
traffic segregation, energy-efficient features like solar power
generation and LED lighting, 24-hour multi-tiered security and
high-speed internet.
September-October 2022 | www.b-i.biz 13