AmBank Islamic grants RM180mil financing to Nextgreen for technology park expansion

AmBank Group senior vice president of commercial banking business banking, Foo Wen Pok (seated, left) and Nextgreen Global Bhd executive director, Megan Lim (seated, right). Looking on from left: AmBank Group head of commercial banking 2, business banking, Patrick Chin, AmBank managing director, business banking Christopher Yap, AmBank Islamic CEO Eqhwan Mokhzanee and Nextgreen managing director Datuk Lim Thiam Huat.

KUALA LUMPUR: AmBank Islamic Bhd has granted up to RM180 million in financing facilities to Nextgreen Global Bhd’s subsidiary, Ultimate Ivory Sdn Bhd, to fund land reclamation, infrastructure development and utilities for Nextgreen’s Green Technology Park (GTP) in Pahang.

In a joint statement, AmBank Islamic and Nextgreen said the GTP, located in Kampung Paloh Hinai, Lepar, spans 165.92 hectares and it aims to become a globally recognised industrial park that leverages patented breakthrough technologies.