PETALING JAYA: SD Guthrie Bhd
had inked a joint venture agreement with Sime Darby Property Bhd (SDP) to develop up to 2,000-acres of land in Carey Island, Selangor into an industrial and logistics hub.
SD Guthrie, which owns 79% of the island, or 28,646 acres, said the project will be formalised through a special purpose vehicle, with Permodalan Nasional Bhd to nominate the chairman. Both, SD Guthrie and SDP are strategic investee companies of the fund management company.
