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- Eco Business Park 8, with an estimated GDV of RM3.75 billion, is designed to serve high-value and innovation-led sectors including high-tech and artificial intelligence supply chains, advanced electrical and electronics, biotechnology and medical technologies, food technologies and logistics.
JOHOR BAHRU (Nov 19): Permodalan Darul Ta’zim Sdn Bhd (PDT), SD Guthrie Land Ventures Sdn Bhd (SDGLV) and Eco World Development Group Bhd, today entered into a strategic partnership to develop a new integrated industrial park in Mukim Kulai, Johor.
According to a media release, the collaboration was formalised through a Subscription and Shareholders’ Agreement (SSA) which will see the parties jointly participating in Eco Business Park 8 Sdn Bhd, a special purpose vehicle incorporated to acquire and develop the 935.24-acre freehold site.
As part of this arrangement, the land will be injected into the joint venture company to enable the development of this project.
Under the agreement, EcoWorld will hold 65% equity in Eco Business Park 8, while SDGLV, a wholly owned subsidiary of SD Guthrie Bhd, will hold 25%. The remaining 10% will be held by PDT.
PDT is the investment arm of the Johor government that plays a pivotal role in fostering strategic collaborations to advance Johor’s long-term economic agenda and attract high-value investments.
Guthrie has in recent years begun unlocking the value of its extensive landbank through new business verticals including industrial parks and renewable energy.
EcoWorld contributes its technical expertise and proven capabilities in delivering green, digital-ready industrial estates as development manager through its wholly-owned subsidiary Eco World Project Management Sdn Bhd.
The proposed 8- to 10-year development in Mukim Kulai is for an integrated industrial development featuring industrial lots, ready-built facilities and supporting commercial components.
To be branded Eco Business Park 8, with an estimated gross development value of RM3.75 billion, the project is designed to serve high-value and innovation-led sectors including high-tech and artificial intelligence supply chains, advanced electrical and electronics, biotechnology and medical technologies, food technologies and logistics.
The site is located within the Johor–Singapore Special Economic Zone (JS-SEZ), with close proximity to Senai International Airport and excellent connectivity via the North–South Expressway.
Today’s signing marks EcoWorld’s second joint venture with Guthrie, following the April 2025 agreements entered into with Guthrie and NS Corporation to develop Eco Business Park 7 in Malaysia Vision Valley 2.0, Negeri Sembilan.
“The development of Eco Business Park 8 is one of many opportunities visioned under the Johor–Singapore Special Economic Zone (JS-SEZ). By positioning this development within the JS–SEZ corridor in Kulai, we are not just offering industrial land; we are creating a high-tech ecosystem capable of leveraging JS-SEZ incentives to attract top-tier multinational corporations,” said president & group chief executive of PDT, Datuk Ramlee A Rahman.
Guthrie’s group managing director Datuk Mohamad Helmy Othman Basha said that “with our strategic landbank spread across Malaysia, Guthrie is in a strong position to grow our industrial development portfolio. This new business vertical is in its early days but shows every promise of becoming an important contributor to our bottomline.”
“The partnerships we have forged with well-known industry leaders such as EcoWorld, enable us to accelerate progress and to establish Guthrie in this new sector,” he added.
“This partnership brings together a shared vision for sustainable, future-ready development and combines our complementary strengths to meet rising demand, especially from technology-driven and advanced manufacturing sectors.
“With its strategic location and excellent connectivity, we are confident that Eco Business Park 8 will attract quality investors and contribute meaningfully to Johor’s continued rise as a leading regional powerhouse for industry and innovation,” said president & CEO of EcoWorld Datuk Chang Khim Wah.
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