The three memorandums of understanding (MoU) that were recently signed will help to boost the Johor Halal Park into becoming the first premium bio-halal industrial park in Malaysia.

The MoUs were signed between UML and J-Biotech Sdn Bhd (UJP), Toyyiban Laboratories Sdn Bhd (JTLab), Johor Islamic Religious Council (MAIJ) and SME Corporation Malaysia (SME Corp) during the World Islamic Economic Forum 2016 (WIEF) in Jakarta.

UML and group managing director Dennis Ng said that the signing marked a significant step forward in making Johor Halal Park a globally recognised premium bio-halal industrial park.

"In line with our philosophy of Built World Class, we believe that the success and growth of the park can only be achieved with the continued support and buy-in from key stakeholders, be it from the public or private sector locally and internationally.

"As such, we are delighted to be able to finalise these important MoUs in conjunction with WIEF, which is one of the world’s most significant economic forums," he added.

UJP chief executive officer Mohd Noor Abd Salam said that the park is located about 15 minutes from the Pasir Gudang Port and within close proximity of Iskandar Malaysia’s Eastern Gate.

He said that as a freehold land, the park has a gross development value of approximately RM1.5bil and would be developed in different phases over five to seven years.

"The park components will include a regional marketing and clearing house, an integrated packaging, warehousing and logistic one-stop centre as well as a scientific and halal laboratory," he added.

He said that this is a strategic development to position Johor as one of the best halal industrial parks in the world in terms of world-class facilities and halal eco-system.

The first MoU was signed between UJP and JTLab to formalise the establishment of an international scientific and halal laboratory in two stages by 2017 and 2018 with incubator facilities of international standards, within Johor Halal Park.

Based on the agreement, JTLab would provide comprehensive scientific services for regional and international markets in the state with a value at approximately RM20mil. The second MoU was signed between UJP and MAIJ for the purchase of freehold properties located in the park, which include six units of link-detached and cluster factories worth approximately RM16.5mil and five units of shop-office valued at about RM4mil.

The third MoU, between UJP and SME Corp, was for a collaboration to turn the park into a conducive platform for SME growth.

Source: The Star Online