The group is collaborating with the Negeri Sembilan state government to develop a 300-acre industrial park in Port Dickson, and with Sime Darby Property Bhd (KL:SIMEPROP) for a 2,000-acre site on Carey Island.
“Sales of industrial properties as well as projects in Iskandar Malaysia remain strong year-to-date.
The property currently generates a monthly rental income of RM20,000.
Upon completion, the property will be leased back to the seller, Alpha Express, under a 10-year triple net lease at RM195,000 per month, subject to rent reversion for each renewal term.
Net rental income for the quarter also dropped 3.
The group said this in a bourse filing as it reported a 38.
Menteri Besar Datuk Onn Hafiz Ghazi: “It will aim to attract strategic investments from RCEP member countries by focusing on high-value sectors, such as advanced manufacturing, green technology and the digital economy.
Analysts said the development reinforces EcoWorld’s long-term growth prospects from resilient demand for industrial assets, while the price tag for the project land is also fair.
The project, a joint venture with Belgium-based Port of Antwerp-Bruges International (PoABI), is designed to be a long-term, sustainable maritime and industrial hub that is centred on value-added and innovation-driven industries.
Fajarbaru said the work is scheduled to begin on April 11 and will span nine months, with completion expected by Jan 10, 2026.
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