MTIEL Holdings Sdn Bhd and China-based World Peace and Development Limited (WPD) have signed a cooperation agreement valued at USD50 billion to advance the energy sector and the halal industry across the Southeast Asia (SEA) region, benefiting the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT).
Key projects under this agreement include the development of a Food Security Complex and Halal Transshipment Hub at the Chuping Valley Industrial Area in Perlis, and a Petroleum Storage and Processing Complex at the Kedah Science and Technology Park in Malaysia. These initiatives aim to enhance the region’s logistics network and offshore terminals.