Latest news with #SyedAliShahulHameed
New Straits Times
4 days ago
- Business
- New Straits Times
Berjaya Land to start planting durian in Perlis
KUALA LUMPUR: Berjaya Land Bhd is set to embark on large-scale cultivation of durian and Napier hybrid grass in Perlis. The selected durian variety is Blackthorn, renowned for its rich flavour and strong market demand, with plans to cater to both local and international markets. Meanwhile, the fast-growing, high-yield Napier grass will be cultivated to support livestock farming and contribute to Malaysia's wider food security efforts. In a statement, Berjaya Land said the project forms part of its commitment to sustainable agriculture, supporting the cattle and dairy industries and promoting agro-based economic growth. To advance the effort, the company signed a strategic memorandum of understanding (MoU) with Impianan Utara Sdn Bhd to jointly develop the plantation and explore mining opportunities for rare earth elements and other minerals in Perlis. Both initiatives will be carried out in partnership with Menteri Besar Incorporated (MBI) Perlis, the state's investment arm. Impianan Utara, through its collaboration with MBI, has already secured the necessary state-level approvals. The mining component aligns with Malaysia's ambition to become a leading, environmentally responsible player in the global rare earth industry. Berjaya Land said the dual projects are expected to deliver wide-ranging benefits for Perlis, including new revenue streams, job creation, and increased economic activity. Revenue from the plantation will be shared with the state through MBI's arrangement with Impianan Utara, with additional contributions through annual lease payments. Beyond income generation, the plantation is also poised to stimulate downstream agro-processing industries and enhance Perlis' export potential. Berjaya Land group chief executive officer Syed Ali Shahul Hameed said the initiative is about more than just new revenue streams. "We see value not just in the projects themselves, but in the positive ripple effects they can bring from creating jobs and attracting investments, to uplifting surrounding communities and promoting knowledge exchange." The partners also plan to explore future collaborations in areas such as border city development and tourism, leveraging Perlis' strategic location to further elevate the state's economic profile.
The Star
5 days ago
- Business
- The Star
Berjaya Land to collaborate on rare earth mining and plantations initiatives in Perlis
KUALA LUMPUR: Berjaya Land has entered into a memorandum of understanding with Impianan Utara Sdn Bhd to explore rare earth mining and the planting of Napier hybrid grass and Blackthorn durian in Perlis. In a statement, Berjaya Land said the projects will be in collaboration with state investment vehicle Menteri Besar Inc (MBI) Perlis. In line with its ambition in the rare earths sector, Berjaya Land said the partnership will undertaken exploration and development acitvities for rate earth elements and other stratetic minerals in Perlis. It said Impianan Utara has secured the necessary state-level approval through its partnership with MBI Perlis. Meanwhile, the joint venture will also undertake a large-scale plantation project involving Napier hybrid grass and premium Blackthorn durian. "Revenue from the plantation projects will be shared with the state through MBI's arrangement with Impianan Utara, alongside lease payments that will contribute further to state coffers," it said. Berjaya Land group CEO Syed Ali Shahul Hameed said the project have positive rippled effects from creating jobs and attracting investments to uplifting surrounding communities and promoting knowledge exchange. "We approach this collaboration with humility and purpose and to contribute meaningfully to the local economy while upholding strong principles of environmental and operational governance," he said. Moving forward, Berjaya Land said it will explore further collaboration with Impianan Utara, including border city development and tourism-related initiatives in Perlis.
New Straits Times
5 days ago
- Business
- New Straits Times
Berjaya, Impianan Utara team up for rare earth, durian projects in Perlis
KUALA LUMPUR: Berjaya Land Bhd has teamed up with Impianan Utara Sdn Bhd to jointly develop rare earth mining and large-scale agricultural projects in Perlis, in collaboration with Menteri Besar Incorporated (MBI) Perlis. The partnership covers two major initiatives, namely the exploration and mining of rare earth elements and other minerals, as well as the plantation of Napier hybrid grass and Blackthorn durian. Berjaya Land said in a statement that the collaboration is aimed at unlocking Perlis' economic potential, supporting job creation, and strengthening the state's agro-economy and food security. "This partnership reflects our continued belief in the vast potential of regional development in Malaysia," said Berjaya Land group chief executive officer Syed Ali Shahul Hameed. "At Berjaya Land, we see value not just in the projects themselves, but in the positive ripple effects they can bring, from creating jobs and attracting investments, to uplifting surrounding communities and promoting knowledge exchange." Impianan Utara has secured the necessary state-level approvals through its partnership with MBI Perlis for the mining project, which is aligned with Malaysia's ambition to become a competitive and environmentally responsible rare earth player. On the agriculture front, Berjaya Land and Impianan Utara plan to cultivate Napier grass and premium Blackthorn durian, with revenues shared with the state and further contributions made through annual lease payments. Impianan Utara executive director Datuk Syed Tajul Arif Syed Baharoon Al Jumlud said the company's deep roots in Perlis provide it with a strong understanding of the land's potential. "Together with Berjaya's corporate strength, we believe we can develop projects that are commercially viable, environmentally responsible, and beneficial to the people," he added. The partnership would also explore future ventures including border city development and tourism projects to capitalise on Perlis' strategic location and growing investment appeal. Berjaya Land is a subsidiary of Berjaya Corp and has business interests spanning property, hospitality, motor retailing and transport in eight countries.
The Sun
5 days ago
- Business
- The Sun
Berjaya Land partners Sweden's SIBS to develop RM170m housing project in Nuuk, Greenland
KUALA LUMPUR: Berjaya Land Bhd (BLand) is venturing into a RM170 million gross development value residential project in Greenland, an autonomous territory in Denmark, part of the company's plan to expand internationally and bring its experience in building homes to new markets. Group CEO Syed Ali Shahul Hameed said BLand is preparing to submit the necessary drawings to the local authority in Greenland for official approval. 'We have already received pre-approval, which means a similar design has already been reviewed and agreed upon by the Municipality of Nuuk, Greenland's capital. 'With this positive response, we can now move ahead with developing a detailed building plan. I expect that by next summer, we will be ready to begin actual construction,' Syed Ali said during the signing of a memorandum of understanding with SIBS Sdn Bhd (SSB) today. He said demand from the community for home purchases is very high, reflecting strong local interest and a clear need for new housing in Nuuk. To address this demand, BLand, through its wholly owned subsidiary Berjaya Greenland Invest A/S, has acquired land in Nuuk, aiming to provide high-quality residential apartments designed explicitly for Greenland's distinctive climate and infrastructure requirements. 'There is a shortage of available housing for residents in the area, so demand is high. 'Most of the time, as soon as we launch a project, the units sell out quickly. As for pricing, it is still a bit early for me to provide exact numbers, but generally speaking, costs are quite high, largely due to factors such as the cost of materials, including metal. 'However, I believe this is a strong investment opportunity overall,' Syed Ali said. BLand signed the MoU with SSB, a Sweden-based company with a manufacturing facility in Penang, a global leader in modular housing systems. This partnership aims to deliver efficient, climate-resilient homes through modular construction – a modern approach that enables faster deployment, cost savings and long-lasting quality. Currently, the housing project is still in the planning and design stages, but it is expected to launch soon. Besides making more homes available, the project will bring significant economic benefits, creating new jobs, involving local contractors, and supporting long-term city growth. 'Regarding the timeline for project implementation ... while we anticipate that the core construction phase can be completed within approximately one year, the logistics of transporting materials from Penang to Greenland may extend the overall schedule. 'We are committed to a thorough and efficient approach, ensuring that all aspects of the project are executed to the highest standards, despite the geographical and logistical challenges,' Syed Ali said when asked about the project's timeline. He said this project reflects BLand's broader vision of creating high-quality developments that are efficient, adaptable, and built with long-term impact in mind. 'Modular construction provides an innovative and timely approach, enabling us to deliver homes faster and more cost-effectively while supporting local capacity building.' SSB executive director Lawrence Chua Sue Lin said the company is developing a modular housing project, a relatively new concept for Malaysia. In this approach, homes are prefabricated in a factory, completed to a high standard and then transported to the intended site for assembly. This method is highly sustainable and environmentally friendly, as it significantly reduces reliance on manual labour, minimises construction waste, and shortens project timelines. While traditional high-rise construction can take up to three years, Chua said, modular housing can complete projects in less than a year, thanks to the company's current annual production capacity of up to 12,000 modules. 'However, in practice, a typical project might utilise around 6,000 modules. This innovative system not only accelerates delivery but also supports greener, more efficient urban development,' he added. With a particular focus on transforming Nuuk into a premier destination for recreation and ecotourism, Berjaya Greenland Invest aims to foster local economic growth, address critical housing needs, and create meaningful employment opportunities for the community.
The Sun
5 days ago
- Business
- The Sun
Berjaya Land partners Sweden's SIBS to develop RM117m housing project in Nuuk, Greenland
KUALA LUMPUR: Berjaya Land Bhd (BLand) is venturing into a RM117 million gross development value residential project in Greenland, an autonomous territory in Denmark, part of the company's plan to expand internationally and bring its experience in building homes to new markets. Group CEO Syed Ali Shahul Hameed said BLand is preparing to submit the necessary drawings to the local authority in Greenland for official approval. 'We have already received pre-approval, which means a similar design has already been reviewed and agreed upon by the Municipality of Nuuk, Greenland's capital. 'With this positive response, we can now move ahead with developing a detailed building plan. I expect that by next summer, we will be ready to begin actual construction,' Syed Ali said during the signing of a memorandum of understanding with Sibs Sdn Bhd (SSB) yesterday. He said demand from the community for home purchases is very high, reflecting strong local interest and a clear need for new housing in Nuuk. To address this demand, BLand, through its wholly owned subsidiary Berjaya Greenland Invest A/S, has acquired land in Nuuk, aiming to provide high-quality residential apartments designed explicitly for Greenland's distinctive climate and infrastructure requirements. 'There is a shortage of available housing for residents in the area, so demand is high. 'Most of the time, as soon as we launch a project, the units sell out quickly. As for pricing, it is still a bit early for me to provide exact numbers, but generally speaking, costs are quite high, largely due to factors such as the cost of materials, including metal. 'However, I believe this is a strong investment opportunity overall,' Syed Ali said. BLand signed the MoU with SSB, a Sweden-based company with a manufacturing facility in Penang, a global leader in modular housing systems. This partnership aims to deliver efficient, climate-resilient homes through modular construction – a modern approach that enables faster deployment, cost savings and long-lasting quality. Currently, the housing project is still in the planning and design stages, but it is expected to launch soon. Besides making more homes available, the project will bring significant economic benefits, creating new jobs, involving local contractors, and supporting long-term city growth. 'Regarding the timeline for project implementation ... while we anticipate that the core construction phase can be completed within approximately one year, the logistics of transporting materials from Penang to Greenland may extend the overall schedule. 'We are committed to a thorough and efficient approach, ensuring that all aspects of the project are executed to the highest standards, despite the geographical and logistical challenges,' Syed Ali said when asked about the project's timeline. He said this project reflects BLand's broader vision of creating high-quality developments that are efficient, adaptable, and built with long-term impact in mind. 'Modular construction provides an innovative and timely approach, enabling us to deliver homes faster and more cost-effectively while supporting local capacity building.' SSB executive director Lawrence Chua Sue Lin said the company is developing a modular housing project, a relatively new concept for Malaysia. In this approach, homes are prefabricated in a factory, completed to a high standard and then transported to the intended site for assembly. This method is highly sustainable and environmentally friendly, as it significantly reduces reliance on manual labour, minimises construction waste, and shortens project timelines. While traditional high-rise construction can take up to three years, Chua said, modular housing can complete projects in less than a year, thanks to the company's current annual production capacity of up to 12,000 modules. 'However, in practice, a typical project might utilise around 6,000 modules. This innovative system not only accelerates delivery but also supports greener, more efficient urban development,' he added. With a particular focus on transforming Nuuk into a premier destination for recreation and ecotourism, Berjaya Greenland Invest aims to foster local economic growth, address critical housing needs, and create meaningful employment opportunities for the community.
