UMLand signs joint venture agreement with J-Biotech for development of Johor Halal Park

UMLand signs joint venture agreement with J-Biotech for development of  Johor Halal Park

KUALA LUMPUR, 18 August – Johor Halal Park, a joint venture development between United Malayan Land Bhd (UMLand) and Johor State Government via Johor Biotechnology & Biodiversity Corporation (J-Biotech) has sealed a joint venture agreement to develop the 350-acre land of the 1st Integrated Bio-Halal Industrial Development in Pasir Gudang, Johor.

Witnessed by Chief Minister of Johor Y.A.B. Dato’ Mohamed Khaled Bin Nordin and Chairman of UMLand, Tun Musa Hitam, UMLAND is the project catalytic developer to jointly spearhead J-Biotech’s initiatives and to transform Cahaya Baru (previously owned by Felda) located fifteen minutes from Pasir Gudang Port and within Eastern Iskandar Malaysia. JHP was previously known as Seri Albion Township.

UMLand Group CEO Datuk Charlie Chia Lui Meng optimistically sees the potential growth with a strategic MOU with J-Biotech Holdings Sdn Bhd (J-Biotech) to establish and explore collaborative initiatives in the field of biotechnology and bio-based activities; Chia says ‘We are proud of the strategic partnership with Johor State Government, various Authorities namely Majlis Perbandaran Pasir Gudang (MPPG) and State Unit Pembangunan Ekonomi Negeri (UPEN), complement J-Biotech and jointly collaboratively to conceptualise, develop, transform, facilitate one of the key projects that will transform Iskandar Malaysia into a world-class and dynamic metropolis’

Currently, Johor Halal Industrial Park has commenced construction works on Phase 1 (50 acres) in January 2015 with Gross Development Value (GDV) of approximately MYR300 million. The 1st phase of the development includes 89 units of double-storey terrace factories (starting MYR1.0 million) of its Business Industrial Park’s, double-storey cluster factories (from MYR2.0 million), double-storey link-detached factories (from MYR 5.0 million), and proposed 36 units commercial Shop-Office with freehold title. It is now 45% completed and Phase 1 is expected to complete in Q4 of 2016.

Accredited as HALMAS Halal Hub by Halal Development Corporation (HDC) is expected by March 2016, the collaboration initiatives is expected to draw wide interest as it offers to locals and the International market a well-planned and freehold ownership in property that has a multitude of business-centric incentives related to its biotechnology businesses, apart from other investment opportunities and holistic benchmark business process facility offerings.

Tentu Teguh CEO, Mohd Noor Abdul Salam said “Together, these various business-driven initiatives, strategic collaborations between State Government and Federal Government’s Iskandar Regional Development Authority (IRDA) 20 year master plan is targeting to attract estimated MYR25.0 billion investments within the Eastern Gate Development of Iskandar Malaysia (Pasir Gudang), as well as with MIDA, BiotechCorp, SME Bank, SME Corp, Teraju amongst others, in promoting small-medium enterprises”.

“We aim to build a conducive Halal and Bio-based ecosystem to support the R&D as well as the commercialization for AgriBio and food production sectors. It is a platform where we pool the soft infrastructure – financial incentives, human capital development, business and operational set-up facilitation. Along with the component of the park area – Dedicated Bio-Processing Hub, Regional Marketing and Clearing House (RMCH), Integrated packaging, Warehousing and Logistic (IPWL), Scientific and Halal Laboratory facilities of international standard will enable companies to accelerate their Halal and Bio-based business and commercialization activity’’ added by Wan Amir Jeffrey, CEO of J-Biotech.

J-Biotech Headquarters will be built together with a Halal Lab and Bio-Halal Incubator In Phase 3 of a mixed development on about 60 acres land by 2018.

“The development of Johor Halal Park, a partnership between J-Biotech and UM Land Berhad in Cahaya Baru, Pasir Gudang will cater to the needs of a conducive bio-based ecosystem and to enhance Johor Bio-economy initiatives, particularly in the development of bio-based R&D and Halal Research,” says Wan Amir Jeffrey.

The event was held in conjunction with UMLand Chinese New Year open house in their headquarters.

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