-During his visit to Country Garden's headquarter in China, the Minister Lim 
Guan Eng suggests Johor Bahru, where Forest City Malaysia located, to the 
company as a bridgehead for introducing more sophisticated high technology to 
Malaysia.-


Country Garden Holdings (HK 02007) ("Country Garden"), the parent company of 
Forest City Malaysia's developer and operator CGPV, recently welcomed Lim Guan 
Eng, Malaysia's Minister of Finance to its headquarters in Guangdong, China to 
communicate about development opportunities with benefits to both sides amidst 
growing Sino-Malay cooperation.

During the visit on August 18, impressed by Country Garden's innovative use of 
technology in transforming uncultivated land into a promising commercial hub, 
Lim suggested that the company considers Johor Bahru, where Forest City 
Malaysia located as a bridgehead to introduce more sophisticated high 
technology to Malaysia. 

Lim's visit comes amidst growing trade and infrastructure cooperation 
initiatives between China and Malaysia as part of China's Belt and Road 
initiative, many of which benefit the Forest City development.

Earlier this year in April, Malaysian maritime services company KA Petra and 
Hong Kong-based port operator Hutchison Ports signed an agreement to invest 
more than the US $150 million in the project in the Johor Baru port waters, is 
billed as the "world's biggest" ship-to-ship (STS) transfer facility. The 
Project is expected to contribute over RM 18 billion annually to Malaysia's 
economy and drives the agglomeration and development of warehousing, 
transportation, trade, finance, and other related industries in the 
neighbouring region. 

In the same month, China and Malaysia have also renewed commitments to build 
the East Coast Rail Link (ECRL), which will connect the two nations via 
high-speed rail. In addition, Chinese and Malaysian government agencies and 
technology giants have signed partnerships to increase collaboration in 
robotics, automobiles, intelligent manufacturing and the Internet of Things. To 
make positive trade relations between the two countries grow, Darell Leiking, 
Minister of International Trade and Industry of Malaysia, noted in one of of 
his public speech that the Malaysia government "will make sure it will be easy 
for the Chinese to do business here." 

Alongside growing infrastructure and trade projects between China and Malaysia, 
Forest City also will benefit from increased Malaysian government investment in 
the Johor Bahru region. The Malaysian government plans to double the size of 
the Iskandar SEZ, with President Mahathir noting its importance as Malaysia's 
next economic hub. The Iskandar Development Authority of Malaysia (IRDA) has 
also proposed the construction of a Bus Rapid Transit (BRT) network, 
efficiently connecting major cities in the region.

"Forest City is in a region with incredible locational advantage and immense 
economic potential." Zhou Jun, Brand Management General Manager of Forest City 
Malaysia noted that, an intelligent manufacturing industrial park will be built 
to attract high-tech enterprises, aiming to building a sustainable city of 
corporate headquarters base and livable community.

About Forest City

Forest City is co-developed by Country Garden and Johor government-backed 
Esplanade Danga 88 Sdn Bhd (EDSB). It is strategically located in the 
fast-growing Iskandar Development Region, Malaysia, injecting another source of 
growth in ASEAN. It is adjacent to Tuas second link, spanning approximately 30 
square kilometres, including four man-made islands, golf resort and IBS 
industrial park. Forest City is positioned as a smart and green industrial city 
that plans to develop eight major industries, including Tourism & MICE, 
Healthcare, Education & Training, Regional Headquarters, Nearshore Finance, 
E-Commerce, Emerging Technology and Green & Smart industry, combining 
environment, technology and industry integration design concept to establish an 
ideal and technology-driven living and working space, building a prime model of 
future cities.

To check the site progress of Forest City, please click here 
(https://720yun.com/t/5emn6w7mwnh4mz78fw?pano_id=N9cKWZOD1vaqsEFh).

For more information about Forest City, please visit:

Website: http://www.forestcitycgpv.com 
LinkedIn: 
https://www.linkedin.com/company/forest-city-country-garden-pacificview 
Facebook: https://www.facebook.com/ForestCityCGPV



SOURCE: Forest City Malaysia