Advertisement
Singapore markets open in 1 hour 25 minutes

  • Straits Times Index

    3,293.13
    +20.41 (+0.62%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Bitcoin USD

    64,118.19
    -2,281.56 (-3.44%)
     

  • CMC Crypto 200

    1,387.61
    -36.49 (-2.56%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Gold

    2,328.30
    -10.10 (-0.43%)
     

  • Crude Oil

    82.80
    -0.01 (-0.01%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE Bursa Malaysia

    1,571.48
    +9.84 (+0.63%)
     

  • Jakarta Composite Index

    7,174.53
    -7,110.81 (-49.78%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Savills signs Mou with Malaysia’s UM Land for halal manufacturing hub in Johor

Atiqah Mokhtar
·1-min read


Artist's impression of Iskandar Halal Park (Picture: Savills)

SINGAPORE (EDGEPROP) - Savills’ integrated real estate advisory services (IREAS) has signed a memorandum of understanding with an entity of Malaysian developer UM Land to establish an international manufacturing hub for halal-related businesses in the Iskandar region of Johor.

Called the Iskandar Halal Park, it will include a halal logistics centre that offers warehousing, cold storage, and transportation services for halal products. The park is targeted towards halal manufacturers, service providers and investors, with the aim of becoming a halal regional hub.

ADVERTISEMENT

In a May 18 press release, Savills says it is partnering with Singapore-based Haltex Group to form the Global Halal Alliance, a strategic program designed to foster the growth of global trade by connecting various supply and demand chains, starting with Iskandar Halal Park.

"As a member of the Global Halal Alliance, IREAS will act as the primary liaison with investors and international MNCs across various industries,” says Annie Woo, regional director and head of Ireas Asia at Savills. She adds that the collaboration has already identified several development strategies, including targeting industries, park design, and business and development delivery models.

Marcus Loo, CEO of Savills Singapore, says the collaboration marks a significant strategic milestone for Savills. “ This will strengthen our capabilities and build upon our strong track record in core advisory services.“

See Also: