Sime Property to go alone in Malaysia Vision Valley project

Sime Darby Property Bhd reported slightly higher net profit of RM640mil in the financial year ended June 30, 2018 mainly due to higher contribution from concession arrangement segment and two sale transactions.

PETALING JAYA: Sime Darby Property Bhd (SD Prop) will go it alone in the development of the 379,000-acre Malaysia Vision Valley (MVV) project.

Sources said that the early partners in the development that covers an area that is twice the size of Singapore dropped out after the memorandum of understanding (MoU) lapsed a year ago.