Property developer Oriental Interest Berhad (OIB) Group launches Arym Pulau Indah, intending to bridge yet another gap and drive economic growth for the state of Selangor. OIB Group has also inked a deal with MTT Shipping Sdn Bhd, one of the leading carriers in Malaysia, to its maiden industrial project.
Through this instrumental agreement, MTT Shipping and related companies will be purchasing 6 industrial lots totalling approximately 24.5 acres for over RM70 million. This partnership will be the first among many others as Arym Pulau Indah still has a lot to offer with its 196-acre plot of land comprising 41 industrial units, a small commercial component and a total gross development value (GDV) of approximately RM 400 million. Phase 1 of the development is estimated to be completed in Q1 of 2022.
“Although OIB is known for developing residential and commercial projects, we have been looking for opportunities to diversify. In doing that, we were excited to see the industrial sector as a market with great potential, but we had to shift our strategies and mindset from that of the homeowner to the perspective of business owners and conglomerates. We have been diligently planning Arym since 2017 and our hard work has paid off as the launch was very well-received,” said Wendy Lim, General Manager of Sales and Marketing of OIB Group.
Shaped like a ship, along with its strategic location near the country’s primary port, Arym Pulau Indah proves to be a tactical space for MTT Shipping which provides comprehensive shipping services between Peninsular and East Malaysia, including regional ports within SEA such as Singapore, Thailand and Brunei. With its strategic location and suitable land size, Arym Pulau Indah meets MTT Shipping’s requirements for the development of an integrated freight facility which includes an empty container depot, vehicle terminal, and staging facility.
MTT Shipping managing director Ooi Lean Hin said the availability of the combined acreage of 24.5 acres enables the group to rationalise the development of an integrated freight facility which will provide synergistic operational leverage of the various logistics facilities located within the development.
“The location of the land which is within the vicinity of the nation’s premier port, Westports, provides strategic value propositions for our customers in respect of cost and efficient logistics solutions”.
In catering to the needs of different businesses, OIB Group has opted to move from outputting standardized structures and incorporated a design that allows them to customize individual lots for different contexts. This feature would benefit many organizations, including MTT Shipping which is looking to develop a Depot equipped with state-of-the-art technology, including a platform which connects all the relevant stakeholders including shipping lines and hauliers for effective container management and planning. The platform will be able to improve efficiency, visibility and service improvements to shipping lines and hauliers in respect of pick-ups and drop-offs, providing fast truck turnaround and improving the overall operational flow of the supply chain.
“Arym is focused on providing the land and infrastructure of the project, as this grants businesses the freedom for customization as industrial requirements can be very specific. Furthermore, in areas such as Shah Alam, Klang Meru, Telok Gong, and Bukit Raja, there is a market gap and lack of available and smaller sized industrial units in these operating areas. On top of offering an array of unit types, including light industrial lots, medium industrial lots and heavy industrial lots, Arym is located in a highly strategic location, and hopefully, it will grow to become one of the leading industrial hubs in Selangor,” Wendy added.