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NILAI, Feb 4 — Sime Darby Property Bhd is setting the benchmark for future industrial and commercial projects at the Malaysia Vision Valley 2.0 (MVV 2.0) through the development of the XME Business Park in Nilai Impian here.

Acting group chief executive officer Datuk Wan Hashimi Albakri said the XME Business Park would be the first managed industrial park in Negeri Sembilan, a collaborative effort involving various parties, especially the state government and Sime Darby Property.

With a gross development value (GDV) of RM520 million, the 28-hectare industrial park will focus on value-enhancing features for long-term sustainability, including versatile designs, comprehensive 24-hour security features and good accessibility.

The XME Business Park’s distinctive features include its highly strategic location, which can be described as an industrial economic gateway. Situated next to the North-South Expressway, one of the country’s busiest highways, the business park is set to give the maximum business impact.

“Since the park’s soft launch in December last year, interest has poured in from different industries, including logistics and warehousing, food and beverage (central kitchens), engineering, food processing and packaging, and metal fabrication.

“So far, just a month since the launch, more than half of the first phase has been taken up,” he said in his speech at the XME Business Park ground-breaking ceremony today which was officiated by Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun.

Also present were State Investment, Industry, Entrepreneurship, Education and Human Capital committee chairman Datuk Dr Mohamad Rafie Ab Malek and state secretary Datuk Dr Razali Ab Malik.

Wan Hashimi said the XME Business Park, which will have 149 units, would be developed in two phases and was expected to attract investments valued at RM500 million.

The first phase, which has a GDV of RM307 million, consists of 75 units of semi-detached and detached types.

“The units can cater to the different needs of users with built-up areas ranging from 5,600 sq ft to 29,000 sq ft and are priced from RM2.5 million to RM18.5 million each. Phase 1 is targeted to be completed by the third quarter of 2022,” he said.

Wan Hashimi said Sime Darby Property, as the MVV 2.0 master developer, aspired to spearhead major projects which could potentially contribute to the economic growth as well as local and national social community development.

“Our first step towards realising that aspiration begins with the XME Business Park, which will also be the benchmark for all MVV 2.0’s future industrial and commercial projects,” he added.

 

News Source: Bernama, 4th February 2020.

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