In this regard, the Adani Group on Monday announced the signing of MoU with Malaysian MMC Port Holdings Sdn Bhd, a wholly-owned unit of MMC Corporation Berhad
Adani Ports and Special Economic Zone (Apsez) is looking to set up a multi-purpose container port at Carey Island in Malaysia's Selangor state.
In this regard, the Adani Group On Monday announced the signing of Memorandum of Understanding (MoU) with Malaysian MMC Port Holdings Sdn Bhd, a wholly-owned unit of MMC Corporation Berhad.
Simultaneously, MMC Port Holdings, Sime Darby Property Berhad and Apsez have signed a separate MoU to carry out a feasibility study for developing an integrated maritime city on Carey Island to support the planned greenfield project.
Karan Adani, CEO of Apsez, said, "Malaysia is very strategic to Apsez's global strategy and with straits of Malacca being a global shipping route, it helps us to drive our global transhipment strategy further. With Vizhinjam port on one side, Carey Island port on the other, we will be able to give transhipment solutions to global shipping lines. MMC and Sime Darby are valued partners and their involvement in these projects strengthens the case even more to make both these projects successful."
"Our ports are located right in the shipping lane and all ships must pass through Malaysian ports regardless, which makes the country a suitable regional centre for the logistics hub," said Dato' Sri Che Khalib, group managing director of MMC Corporation.
MMC Port Holdings is Malaysia's largest port operating group and is operating five terminals, namely, Pelabuhan Tg Pelepas Sdn Bhd, Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhd, as well as a 20% stake in Red Sea Gateway terminal in Jeddah. MMC Port also operates two big logistics companies, Kontena Nasional and JP Logistics.
On the other hand, Sime Darby Property is involved in property development, property investment and asset management, hospitality and leisure, with assets in Malaysia, Australia, Singapore, Vietnam and the United Kingdom.
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Karan Adani, CEO of Apsez, said, "Malaysia is very strategic to Apsez's global strategy and with straits of Malacca being a global shipping route, it helps us to drive our global transhipment strategy further. With Vizhinjam port on one side, Carey Island port on the other, we will be able to give transhipment solutions to global shipping lines. MMC and Sime Darby are valued partners and their involvement in these projects strengthens the case even more to make both these projects successful."
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