Petaling Jaya: Perbadanan Kemajuan Negeri Perak (PKNPk) today announced a joint venture with Perak Corporation Bhd, a subsidiary of PKNPk, to develop Silver Valley Technology Park (SVTP) with an estimated gross development value of 816 acres of PKNPk’s industrial land in Kantang province. The company has signed a joint venture agreement for the development plan (GDV) of RM1.03 billion.
The companies also agreed to combine resources, expertise, skills, knowledge and know-how for joint development.
During the same event in Ipoh, Perak onboarded earthworks and engineering specialist Advancecon Holdings Bhd as co-developer of SVTP. PKNPk chief executive officer Datuk Reza Rafik Abdul Razak said the project will include Bandar Setia Alam, Setia Eco Hill, Setia Eco Gardens, Eco Majestic and Tropicana Aman. With many years of experience under Advancecon’s belt in major development projects, Advancecon will be a great sparring partner for Pella. Advance SVTP.
“With the support of the Perak State Government and co-developers, we aim to secure private investment of RM14 billion and hope to contribute to Perak’s GDP (gross domestic product) in return. ‘ he added.
SVTP is strategically located between industrial parks such as Kanthang Industrial Park and Bandar Mer Raya, the pride of PKNPk. Pella sees this as an important initiative to encourage investment in the state.
“We are pleased to strategically collaborate with Advancecon in developing the SVTP, which reflects the vision of Perak Sejatera 2030, a roadmap by the Perak State Government to revitalize the economic and social well-being of Perak. We offer a real value proposition to attract private sector investment as a source of Perak’s continued development.
“We are optimistic that SVTP, driven by experienced development stakeholders, can support Perak’s rapidly developing industrial sector, creating more jobs and business opportunities. SVTP Through the development of , we aim to coordinate labor markets, training programs and economic activities to take Perak to the next level,” said Perak Group CEO Rosmin Mohamed.
Perak Mentri Besar Datuk Seri Saarani Mohamed said, “The addition of a state-of-the-art industrial park represents a huge opportunity for domestic and foreign direct investment and development as Perak State’s prestige increases with the Perak State Sejatera 2030 Development Agenda. ”.
He said the project would create 13,000 job opportunities for the people of Perak.
Advancecon CEO Datuk Phum Ang Kia said PKNPk and Perak have forged a strategic partnership with like-minded investors to advance the development of the highly anticipated SVTP project. He said the company is taking bold actions to advance its own interests.
“We are honored to be co-developers and play a role in the development of SVTP. This industrial park is a game-changer for Perak, with a GDP contribution of RM41 billion and 13,000 new jobs. “With more local and international companies setting up operations here, Perak will grow in importance as a national industrial hub,” he added.
“We are optimistic that this partnership with the Perak State Government will open doors to new markets for Advancecon and accelerate the group’s future growth,” said Phum.
