KUALA LUMPUR: The Malaysia Vision Valley (MVV) development has the capacity to attract more than RM290 billion in investment, besides creating 1.38 million job opportunities.
Prime Minister Datuk Seri Najib Razak announced this after witnessing an MoU signing involving Sime Darby Property Bhd, Brunsfield Development Sdn Bhd and Kumpulan Wang Persaraan at his office in Putrajaya, today.
"MVV is a planned, smart and inclusive development to ensure all segments of society reap the benefits of this development."
"Although MVV aspires to be developed as a modern metropolis, the needs of the public at all levels will be taken into account," he said.
Najib said the 153,000 hectare development, among others, focuses on providing affordable homes with well-planned and orderly urban facilities.
"MVV will provide more than 1,000 acres (400ha) of affordable housing. Apart from that, MVV will also provide more than 1,000 acres (400ha) of public facilities and recreational areas with green spaces," he added.
Najib said the project is spearheaded by the private sector and supported by the Federal government as well as the Negri Sembilan state government.
"The government has in principle approved allocations for the development on a number of public infrastructure projects in the MVV areas within the 11th Malaysia Plan."
"In the first rolling plan of the 11th Malaysia Plan, RM560 million has been allocated for the development of road connections in the MVV area. Other projects being considered include highway networks and integrated rail services to connect the MVV to surrounding areas as well KLIA2," he added.
Also present at the event was Menteri Besar Datuk Seri Mohamad Hasan.