KUALA LUMPUR: Berjaya Land
has entered into a memorandum of understanding with Impianan Utara Sdn Bhd to explore rare earth mining and the planting of Napier hybrid grass and Blackthorn durian in Perlis.
In a statement, Berjaya Land said the projects will be in collaboration with state investment vehicle Menteri Besar Inc (MBI) Perlis.
In line with its ambition in the rare earths sector, Berjaya Land said the partnership will undertaken exploration and development acitvities for rate earth elements and other stratetic minerals in Perlis.
It said Impianan Utara has secured the necessary state-level approval through its partnership with MBI Perlis.
Meanwhile, the joint venture will also undertake a large-scale plantation project involving Napier hybrid grass and premium Blackthorn durian.
"Revenue from the plantation projects will be shared with the state through MBI's arrangement with Impianan Utara, alongside lease payments that will contribute further to state coffers," it said.
Berjaya Land group CEO Syed Ali Shahul Hameed said the project have positive rippled effects from creating jobs and attracting investments to uplifting surrounding communities and promoting knowledge exchange.
"We approach this collaboration with humility and purpose and to contribute meaningfully to the local economy while upholding strong principles of environmental and operational governance," he said.
Moving forward, Berjaya Land said it will explore further collaboration with Impianan Utara, including border city development and tourism-related initiatives in Perlis.
