SEREMBAN: MVV City, a planned smart modern city, will help transform Negri Sembilan into a high-income economy poised to attract more foreign and local investors, says Datuk Seri Aminuddin Harun.
The Mentri Besar said the project would also strengthen the foundation for a state that is economically vibrant, socially inclusive, and environmentally sustainable.
"Today, we stand at a pivotal moment in the story of Negri Sembilan, a story defined by resilience, vision and progress," he said at the groundbreaking ceremony here on Tuesday (Dec 17).
"The development of MVV City is not just a project, it is a bold statement of what we can achieve when vision meets determination and collaboration.
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"This remarkable achievement reflects more than infrastructure as it is the embodiment of a shared vision of the Federal Government, the state government and Matrix Concepts Holdings Berhad.
"(It will) fuel a future built on vision, purpose, and boundless possibility," he added, expressing his appreciation to Putrajaya for its support in bringing the MVV City vision closer to fruition.
Also present were state exco members, NS Corporation chief executive officer Norazhar Musa, Matrix Concepts chairman Datuk Mohamad Haslah Mohamad Amin and its founder and group executive deputy chairman Datuk Seri Lee Tian Hock.
MVV City's first phase development covering 952ha and with an estimated gross development value of RM15bil will be jointly developed by Matrix Concepts and NS Corporation.
The MVV City spans a total of 3,560ha.
Integrating new technologies and prioritising green energy industries, MVV City will be located within Parcel B (Smart County) of the Malaysian Vision Valley 2.0 (MVV2.0) economic corridor covering 153,411ha (1,534sq km).
With a total gross development value (GDV) of RM2 trillion, MVV 2.0 is divided into six major development parcels.
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These are the NS High Tech Industrial Park (Parcel A), Smart County (Parcel B), NS Aerospace Valley (Parcel C), Integrated Maritime Hub and Coastal Corridor (Parcel D), Unmanned Vehicle Valley (Parcel E), and NS Semiconductor Valley (Parcel F).
MVV City will be the first to be developed and serves as the flagship project of MVV 2.0.
Aminuddin said the MVV City project would include several development sectors including housing, commercial and industrial zones, as well as education and innovation centres.
These sectors, he said, would form a resilient ecosystem to face economic challenges and improve quality of life.
"MVV City will be the first integrated city in the MVV 2.0 area which will be built based on sustainable practices and innovative designs, and bring together advanced infrastructure and smart technology to improve everyday life.
"As a rapidly growing ecosystem, MVV City will become the centre of high-tech industrial zones, premium residential areas, dynamic business centers, and world-class educational institutions, especially higher education institutions that will shape future leaders with modern innovation and technology," he said.
Envisioned as a model city of the future, it will be driven by innovation and a strong commitment to environmental, social and governance (ESG) principles
Aminuddin said the public-private strategic collaboration between NS Corporation and Matrix Concepts has proven to be effective as a catalyst for national development and has brought many benefits to the people and the government.
"Matrix Concepts' focus on industrial and integrated development, including the building of residential properties will ensure that MVV City will not only spur investment activity but also create equitable opportunities to participate in and benefit from economic growth and development.
"I am confident that based on Matrix Concepts' excellent track record proven through the success of its Bandar Sri Sendayan flagship project, it will be a solid foundation for MVV City's growth and success," he said.
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Strategically situated close to airports, sea ports and rail network, MVV City will boast exceptional connectivity.
In his speech, Mohamad Haslah thanked the state government for giving the public-listed company, which was one of the country's top 10 developers, the mandate for the joint collaboration with NS Corporation.
"Together, we are not only building a city, but a legacy that pulses with life, ambition and boundless possibilities and one that will inspire generations to come.
"The development of MVV City will witness an important milestone in a transformative journey that is not only focused on the construction sector and infrastructure development, but rather shaping the universal future," he said.
Mohamad Haslah also emphasised that Matrix Concepts, which had a market value of RM660mil when listed on the local bourse in 2013 that grew to almost RM3bil within a decade, was not just into building houses but remained steadfast in creating holistic and sustainable communities.
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He said Matrix Concepts, which had experience in a diverse portfolio covering the property development, construction, healthcare, hospitality, and education sectors, aims to drive development towards a more sustainable and innovative future within the MVV.
"This is our commitment to the state government. The success of MVV City will be shaped by our unwavering commitment to the community, our relentless pursuit of excellence and our drive for innovation
"MVV City will be designed to be a dynamic hub where innovation, enterprise and community come together.
"It will offer a developed economic zone in addition to business centers, and educational institutions such as the establishment of Technical and Vocational Education and Training (TVET) facilities,"he said.
He said Matrix Concepts will among others build a 40ha industrial area, a 70ha area for commercial lots and 15,000 residences in the first phase over a 12-year period.
Mohamad Haslah said the Kuala Lumpur-Singapore High-Speed Rail project will also have a stop in the MVV2.0 if the government goes ahead with its construction.
"The development of this infrastructure will witness socio-economic growth and create a dynamic economic cluster along its corridor, in addition to changing the way of living, working and travelling in a more planned way," he added.
