Iskandar puteri: Paragon Globe Bhd (PGB) has entered into a strategic partnership with Shanghai-listed GSP Automotive Group, via its subsidiary GSP Automotive Malaysia Sdn Bhd, to develop an automotive industrial hub in Iskandar Puteri, Johor. The property developer is dedicating approximately 19.02 hectares of its prime 44.1-hectare Iskandar Puteri landbank to create the fully integrated automotive supply chain hub alongside GSP.
According to BERNAMA News Agency, State Investment, Trade, Consumer Affairs, and Human Resources Committee chairman Lee Ting Han announced that GSP has acquired approximately 2.19 hectares of land, alongside two leasehold plots measuring 3.43 hectares and 5.45 hectares. The construction of the factory is estimated at approximately RM141 million. Upon completion, GSP plans to further invest approximately RM188 million in advanced production equipment.
Lee stated at the signing ceremony of the strategic partnership that, together with land investment, the initiative represents a multi-phase industrial commitment, targeting completion by the end of 2027. He highlighted that the initiative is expected to create more than 700 job opportunities. GSP, listed on the Shanghai Stock Exchange, is a globally recognised manufacturer of automotive components, supplying products to over 120 countries. This collaboration is seen as significant due to the additional networks, technology, and long-term partnerships that global companies bring.
PGB executive chairman Datuk Seri Edwin Tan Pei Seng remarked that the agreement lays the foundation for the joint development of a specialised, automotive-focused industrial cluster, referred to as AutoPark. By partnering with a globally recognised manufacturer like GSP, there is an aim to attract foreign direct investment, international suppliers, and technology investors, thereby driving sustainable, long-term value for shareholders.
GSP chief executive officer Richard Zhou expressed that the project is expected to support talent development and foster the growth of an automotive industry cluster in Johor. GSP intends to deepen its investment in Malaysia, working closely with partners and stakeholders to build a modern manufacturing base that contributes meaningfully to regional economic growth.