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- The agreement provides a framework for further negotiations towards a definitive agreement, SD Guthrie and Permodalan Darul Ta’zim said in a joint statement.
KUALA LUMPUR (Dec 22): SD Guthrie Bhd (KL:SDG) said on Monday that it is jointly exploring the development of up to 5,000 acres of its Kulai estate with the Johor government.
A memorandum was signed with Permodalan Darul Ta’zim Sdn Bhd, a wholly owned company of the state government, for the potential of Parcel F within the Johor-Singapore Special Economic Zone (JS-SEZ) for mixed development with a focus on industrial parks.
The agreement provides a framework for further negotiations towards a definitive agreement, SD Guthrie and Permodalan Darul Ta’zim said in a joint statement.
For now, the memorandum will focus on land development, infrastructure planning, regulatory compliance, financial structuring, as well as the integration of sustainable and smart technologies, the companies said.
Parcel F, located in the Kulai-Sedenak area, is one of the JS-SEZ’s designated development zones, targeting a mix of manufacturing, advanced services and emerging sectors such as the digital economy, education, energy, food security, healthcare, logistics and tourism.
The collaboration would be the second between SD Guthrie and the state firm following their recent announcement of a strategic partnership to develop a 935.24-acre integrated industrial park in the Kulai district.
The continued partnership “reinforces a shared vision for regional development and the company's own strategy of collaborating with established and reputable industry leaders as well as relevant state agencies”, said SD Guthrie group managing director Datuk Mohamad Helmy Othman Basha.
The JS-SEZ, spanning more than 3,500 sq km, is aimed at attracting high-value investments and strengthening cross-border economic integration by leveraging Johor’s land availability, infrastructure, and its proximity to Singapore.
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