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Wednesday, January 16, 2008

Nusa Cemerlang to complement the IDR

JOHOR BARU: The new Nusa Cemerlang Industrial Park (NCIP), with a total gross development value of about RM1bil, will cater to the needs of investors wanting to set up companies within the Iskandar Development Region.

Crescendo Corp Bhd managing director Gooi Seong Lim said the project, to be developed by its subsidiary Panoramic Industrial Development Sdn Bhd, would comprise 352 factories, targeting small and medium industries.

From Left: Gooi Seong Lim, Datuk Abdul Ghani Othman and Crescendo Land director Michael S.H. Tan looking at the model of the Nusa Cemerlang Industrial Park

“We forecast the project to be completed in eight to 10 years.

We hope about 150 units will be ready by end-2009,” he said after the launch of the industrial park by Johor Mentri Besar Datuk Abdul Ghani Othman recently.

Gooi said phase one, which was almost complete, comprised 50 detached and semi-detached factories with a floor space of 6,000 to 50,000 sq ft each.

“We have sold more than 50% of the units and the certificates of fitness for occupation for these factories are expected to be issued soon,” he said.

“The construction of another 50 factories will be starting soon to cater to increasing demand from local and foreign investors.”

Gooi said the company was optimistic about the long-term demand for the factories at the NCIP due to their close proximity to Tuas in Singapore, competitive pricing, good infrastructure, availability of labour, good seaport and warehouse with Tanjung Pelepas Port only 10 minutes away.

“The 213ha industrial land is open to various sectors, such as electronics, food manufacturing and pharmaceutical. Our projects will complement the development of Bandar Nusajaya,” he said.

By The Star (by Farik Zolkepli)

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