IJM Corporation has recently entered into a strategic partnership with China Harbour Engineering Company for the development of Malaysia-China Kuantan International Logistics Park, an integrated mixed development and logistic hub in Kuantan. This marks IJM’s first foray into the industrial and logistics market to meet the growing logistics demands in the east coast region.The JV agreement for a new joint-venture company was signed between CHEC and Asas Panorama, IJM Corporation’s indirect subsidiary that is owned 60:40 by IJM Land & Guangxi Beibu Gulf International Port Group. CHEC will hold an equity interest of 51% in the new joint-venture company while Asas Panorama, will hold the remaining 49% equity interest.MCKILP will be developed on a proposed 640-acre site in MCKIP 3. The mixed property development and logistics hub will comprise light and medium industrial, logistics and warehousing, residential and commercial components. This ambitious new development will turn MCKIP 3 into a premier industrial and logistics hub in the East Coast Economic Region of Malaysia.MCKILP is set to attract downstream industries in logistics, automobile, marine engineering, advanced steel materials, palm oil processing, petrochemical and e-commerce that could become value chain suppliers to surrounding industrial parks such as MCKIP 1 and 2, Gebeng Industrial Estate and Pekan Automotive Park.
IJM Corporation has recently entered into a strategic partnership with China Harbour Engineering Company for the development of Malaysia-China Kuantan International Logistics Park, an integrated mixed development and logistic hub in Kuantan. This marks IJM’s first foray into the industrial and logistics market to meet the growing logistics demands in the east coast region.The JV agreement for a new joint-venture company was signed between CHEC and Asas Panorama, IJM Corporation’s indirect subsidiary that is owned 60:40 by IJM Land & Guangxi Beibu Gulf International Port Group. CHEC will hold an equity interest of 51% in the new joint-venture company while Asas Panorama, will hold the remaining 49% equity interest.MCKILP will be developed on a proposed 640-acre site in MCKIP 3. The mixed property development and logistics hub will comprise light and medium industrial, logistics and warehousing, residential and commercial components. This ambitious new development will turn MCKIP 3 into a premier industrial and logistics hub in the East Coast Economic Region of Malaysia.MCKILP is set to attract downstream industries in logistics, automobile, marine engineering, advanced steel materials, palm oil processing, petrochemical and e-commerce that could become value chain suppliers to surrounding industrial parks such as MCKIP 1 and 2, Gebeng Industrial Estate and Pekan Automotive Park.
