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Posted by on in Commercial
Ascendas Land International will partner UEM Land to develop an integrated technology park in Johor's Iskandar region for an estimated $1.5 billion. The proposed tech park will be located in Nusajaya and will be the nearest industrial site to the Second Link checkpoint, the companies said in a joint statement.

Ascendas will own 60 per cent of the joint venture, and UEM Land, which is backed by Khazanah Nasional, the rest.
"We are excited to be involved in one of the largest and most ambitious development projects in South-east Asia," said Ascendas CEO and president Chong Siak Ching. She added that the project would extend Ascendas's presence in Malaysia.
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