Huawei plans logistics centre in Iskandar
KUALA LUMPUR: Khazanah Nasional Bhd has entered into a collaboration agreement with Huawei Technologies (Malaysia) Sdn Bhd to establish the Huawei regional data hosting and logistics centre in Nusajaya, Iskandar Malaysia, Johor.
Under the collaboration agreement, Khazanah will provide the facilitation for Huawei to set up the proposed centre, Khazanah said in a statement yesterday.
"The centre will occupy a combined office and warehouse space totalling 90,000 sq ft and will serve Huawei's regional customers, leveraging on the strategic location of Iskandar Malaysia as well as supportive government investment incentives," said Khazanah's managing director Tan Sri Azman Mokhtar.
"The establishment of the centre is expected to create 600 jobs in various managerial, technical and administrative positions. Huawei will also be involved in developing local ICT (information and communications technology) expertise to meet the centre's manpower requirements.
"The strategic investment by Huawei is another milestone in the growth and progress of Iskandar Malaysia, which continues to attract investments in multiple sectors from domestic and foreign investors."
The government's investment arm is also collaborating with Beijing Enterprises Group Co Ltd to further strengthen its exposure to environment-related sectors in China.
Khazanah said in a separate statement the collaboration will involve an equity investment into Beijing Enterprises' subsidiary, Beijing Enterprises Water Group Ltd, and a joint effort to build a sizeable platform in the waste-to-energy sector.
"For the equity investment in Beijing Enterprises Water, Khazanah, via its wholly-owned unit, Mount Reskit Investments Ltd, will subscribe to 400 million new shares in the company, representing about 4.95 per cent of its enlarged share capital at the price of HK$2.95 (RM1.21) per share," it said.
Khazanah will emerge as the third largest shareholder in Beijing Enterprises Water after Beijing Enterprises (47.3 per cent) and Tenson Investment Ltd (8.44 per cent).
It said Beijing Enterprises Water intends to apply the net proceeds of about HK$1.18 billion as general working capital. Bernama
» RELATED STORIES