KUALA LUMPUR: Tanco Holdings Bhd
's 79%-owned subsidiary Midports Holdings Sdn Bhd has inked a memorandum of understanding (MoU) with CCCC Dredging Co Ltd (CDC) for the development of Malaysia’s First Smart AI Container Port in Port Dickson, Negeri Sembilan.
According to a statement, China-based CDC, the world's largest marine engineering company, is a specialised sub-group of China Communications Construction Co Ltd (CCCC), the world’s leading ultra-large infrastructure comprehensive service provider.
Tanco said Midports has obtained approval in principle from the Ministry of Transport Malaysia to develop the SMART AI Container Port, which aims to inject new vitality into the local economy and international trade, enhancing the region's port services.
"The construction of this port will contribute to Malaysia's goal of establishing a modern and efficient port hub, accelerating economic development in Negeri Sembilan and bolstering Malaysia's global trade position," it added.
This comes following the joint venture agreement announced on Feb 27, 2024, between Midports and Menteri Besar Negeri Sembilan (Perbadanan) (MBINS) for the reclamation works necessary for the project.
“This collaboration with CCCC Dredging marks a pivotal step towards realising our vision of a world-class port in Port Dickson. The expertise and resources brought by CCCC Dredging will ensure the successful implementation of this project, which is set to drive economic growth and create job opportunities in the region," said Tanco group managing director Datuk Sri Andrew Tan Juan Suan.
