SHANGHAI: A memorandum of understanding has been signed between two Malaysian entities and a Chinese company for the development of a RM15 billion robotics industry hub in Johor.
Johor Corporation (JCorp) and the Malaysian Investment Development Authority (MIDA) today entered an agreement with Chinese robotics manufacturer, Beijing Huize Boyuan Robot Investment Company Limited, for the project.
Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin said the Robotic Future City is being proposed as an integrated hub covering manufacturing, talent development, financial provisions and research and development for the robotics industry.
He said the Huize Boyuan company chose Johor to set up its regional base for Southeast Asia. The company was also interested in the venture due to the state's central location in the region and the ready pool of skilled workforce in Johor.
"The push for robotics is part of what is called the fourth industrial revolution. Johor will not be only a manufacturer, but we could also help the country export robotics technology.
"The hub will create more than 1,000 job opportunities, and they will be looking for expertise, including PhD holders. We can provide for this due to the many technical education institutions in Johor," Khaled said after the MoU signing at the Jing An Shangri La here today.
Another MoU was signed between JCorp and Everbright International Limited, which is Asia's biggest waste-to-energy investor and operator to look into a waste renewal technology to be set up in Pasir Gudang.
Khaled also gave a keynote address during a roundtable meeting with 20 potential Chinese investors at the venue.
The menteri besar is on a four-day official visit to Shanghai until Sunday.