Malaysia's MMC Corporation Monday said it would partner Dubai World to build an ambitious 16 billion ringgit (4.7 billion dollars) maritime centre in southern Johor state facing Singapore.
MMC Corporation Bhd, a diversified group involved in power, construction and property development, said in a stock exchange filing that it had signed a memorandum of understanding with Dubai World, a holding company of the government of Dubai.
The proposed project, part of the Iskandar Development Region, would comprise oil terminal activities, dry docks, a shipyard, conventional cargo handling facilities, logistic parks and property development.
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