Permodalan Nasional Bhd (PNB), through its indirect wholly-owned subsidiary MIDF Property Bhd; KWEST Sdn Bhd, a wholly-owned subsidiary of Kumpulan Wang Persaraan (Diperbadankan) (KWAP); and the AREA Group of Companies (AREA), via its special purpose vehicle AREA Industrial Development Holdings Sdn Bhd, have signed a joint-venture (JV) agreement for the development of a 220-acre industrial and logistics hub, COMPASS @ KSL in Kota Seri Langat, Selangor.