LBS Bina and Oriental Holdings Partner on a Landmark Industrial Development in Melaka
LBS Bina Group Bhd has recently signed a Memorandum of Understanding (MoU) with Oriental Holdings Bhd to develop a massive mixed-use industrial project in Klebang, Melaka. Estimated to have a Gross Development Value (GDV) exceeding RM7 billion, this strategic collaboration aims to bolster Melaka’s economic transformation while catering to the evolving needs of small and medium-sized enterprises (SMEs).
Strategic Location: Klebang, Melaka
Klebang was chosen for its strategic position within the Straits of Melaka Waterfront Economic Zone (SM-WEZ), an area primed for significant growth due to its coastal accessibility and expanding infrastructure. As Melaka continues to position itself as a key economic hub, the development aligns with the state’s long-term transformation agenda.
LBS Bina’s Executive Chairman, Tan Sri Lim Hock San, emphasized the significance of this project, stating,
“This MOU marks a significant milestone as we expand into the southern region, reinforcing our commitment to regional development and people-centric communities.”
Why Klebang?
Melaka’s industrial property market has been on a growth trajectory, ranking sixth among Malaysian states for industrial transactions. The demand for vacant land plots and semi-detached properties has seen a double-digit increase, driven by both investor interest and end-user occupancy.
Additionally, the West Coast Expressway (WCE) alignment is expected to be a catalyst for further development, particularly in coastal areas including Klang, Port Dickson, Muar, and Batu Pahat. This infrastructure enhancement will undoubtedly boost connectivity and economic activities in Klebang, making it an attractive location for industrial and commercial ventures.
Project Highlights and Vision
A Hub for SMEs
The primary focus of the development is to support SMEs, especially those involved in:
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Oil and gas production
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Manufacturing industries
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Food and beverage supply chains
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Warehousing and logistics
The development’s strategic frontage along a main access road also enhances its commercial potential, allowing industrial units to double as retail showroom-warehouses. This dual-functionality is expected to attract businesses looking for versatile space solutions.
Phased Development
Spanning approximately 561 acres, the project will be executed in four phases. The specific location and land allocation for each phase will be determined through subsequent Definitive Agreements between LBS Bina and Oriental Holdings.
Economic Impact and Infrastructure Integration
The collaboration between LBS Bina and Oriental Holdings underscores a commitment to sustainable and people-centric development. The integration of industrial, commercial, and possibly residential units in the project reflects a holistic approach to community building.
By focusing on SMEs, the project not only targets immediate business needs but also promotes long-term economic stability. The proximity to the WCE is particularly strategic, as the enhanced connectivity will attract businesses looking to leverage efficient logistics and distribution networks.
Strengthening Melaka’s Economic Landscape
With Melaka being an integral part of the Southern Corridor Economic Region, this development is expected to generate substantial economic benefits, including:
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Job Creation: Supporting SMEs means creating employment opportunities, boosting local income levels.
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Infrastructure Development: Improved road networks and connectivity through the WCE.
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Business Growth: Enhanced opportunities for small and medium enterprises to scale operations.
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Community Development: A focus on sustainable and vibrant township planning.
Partnership for Success
The partnership between LBS Bina and Oriental Holdings reflects a shared vision for regional growth and sustainability. Tan Sri Lim Hock San expressed confidence in the collaboration, emphasizing the goal to develop Klebang into a vibrant, sustainable township.
“By combining our expertise and shared vision, we aim to deliver lasting value, both in building sustainable developments and uplifting Melaka’s economic and social landscape,” said Lim.
Future Outlook
As this ambitious project takes shape, stakeholders can expect the following:
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MoU Finalization: Specific agreements and land area allocations.
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Infrastructure Planning: Details on road upgrades and WCE integration.
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Business Engagements: Opportunities for SMEs to participate in the development.
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Community Initiatives: Incorporating residential and commercial facilities to support long-term community needs.
Conclusion: A Transformative Project for Melaka
The LBS Bina and Oriental Holdings partnership marks a new chapter in Melaka’s economic development. Positioned strategically within the SM-WEZ, the Klebang project is poised to become a bustling industrial hub that caters to SMEs and drives local economic growth.
As plans progress, businesses and investors alike will be keen to see how this mixed-use industrial township evolves, promising a brighter and more prosperous future for Melaka and the surrounding regions.
