Thumbs up for Sime Darby’s maritime city plan


PETALING JAYA: The plan to turn Carey Island into an integrated “maritime city” has received the thumbs up from analysts, as it will unlock the value of land there owned by Sime Darby Bhd.

On Monday, Sime Darby inked a memorandum of understanding with MMC Corp Bhd and India-based Adani Ports and Special Economic Zone Ltd (APSEZ) to explore developing an integrated maritime city in Carey Island, Selangor, worth US$22.78bil.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Sime Darby , Carey Island , port

   

Next In Business News

Oil gains 1% on hopes of firmer demand
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
Muhibbah rides on Cambodian tourism uptick
Feytech gears up for expansion to meet growing demand
Ready to rise up the ranks again
SC working overtime to combat spread of scams
Russia and Malaysia sign tax agreement
MGB ACHIEVES 23% PROFIT SURGE IN 1Q24
GDP up 4.2% in 1Q24
Chinese firms invest in ‘green’ jet fuel

Others Also Read