LuMIC maritime study unveils vast potential for Perak

Lumut Maritime Industrial City (LuMIC) Phase 1 feasibility study reveals economic opportunities for Perak and Malaysia.

KUALA LUMPUR: Perak is poised for a promising future with the unveiling of the Lumut Maritime Industrial City (LuMIC) feasibility study, which is set to redefine the region as a pivotal hub in Malaysia’s maritime industrial sector.

This study, which was conducted by Perak State Development Corp (PKNPk) and Port of Antwerp-Bruges International (PoABI) for LuMIC, assessed the state and Malaysia’s attractiveness in the port and maritime sector, according to a statement yesterday.

This phase of the feasibility study was undertaken over a period of eight months, from July 2023 to February 2024. It was conducted as the inaugural phase of the €1.9mil grant from the European Union (EU) in 2023.

The report was recently presented by PoABI to key stakeholders, including representatives from federal ministries, Perak government, as well as local and international industry players from maritime, port, logistics and industrial sectors.

Also present were Ambassador of the Kingdom of Belgium to Malaysia Peter Van Acker, Ambassador of the Republic of Croatia to Malaysia Dr Ivan Velimir Starcevic, Ambassador of the Czech Republic to Malaysia Juraj Koudelka, PKNPk chief executive Datuk Redza Rafiq Abdul Razak, PoABI managing director Kristof Waterschoot, EU Minister Counsellor, Head of Cooperation for Malaysia Daniel Hachez and chairman of Eurocham Malaysia Oliver Roche.

Moving forward, the statement said the second phase of the feasibility study will focus on the development of a green-energy assessments, and the formulation of a master plan and business plan.

Currently, the green-energy assessments are underway, having commenced in March 2024 and are targeted for completion by December 2024 as part of the complete masterplan study.

Following the completion of the second phase of the feasibility study, the next step will involve planning aspects of the development, including land matters, conversion, subdivision, amalgamation, acquisition, and consultancy services.

Once the feasibility study is completed, special purpose vehicle LuMIC Development Sdn Bhd, which is a joint venture between PKNPk and PoABI to develop and manage the integrated LuMIC, will be implementing the master plan for LuMIC.

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