Cabinet in its meeting on 24 June 2011 has given approval in principle to the development of Higher Education Hub in Pagoh (HPTP), Johor implemented PFI (Private Fund Initiative) where as Sime Darby Property Selatan Sdn. Bhd. (SDPS) as a Special Purpose Vehicle (SPV) has been given the right to design a HPTP according to the specifications defined by the Government, to build and set up facilities and maintenance of the building with financing borne by the concessionaire. The concession agreement for the four components of the project, namely the Polytechnic and Shared Facilities (KPT), UTHM, IIUM and UTM was signed on 7 November 2012.
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