MOU SIGNING CEREMONY BETWEEN LBS AND ORIENTAL HOLDINGS BERHAD FOR MELAKA MIXED-USED INDUSTRIAL DEVELOPMENT
On 15th May 2025, LBS Bina Group Berhad entered into a Memorandum of Understanding with Oriental Holdings Berhad. Both parties are collaborating on a mixed-use industrial development project in Melaka, with an estimated gross development value (GDV) exceeding RM7 billion.
The MOU outlines a proposed integrated mixed-use industrial development project mainly comprising industrial, and commercial units in Klebang, Melaka. Klebang is selected due to its strategic location within the Straits of Melaka Waterfront Economic Zone (SM-WEZ), which offers significant growth potential through its coastal accessibility, expanding infrastructure, and alignment with Melaka’s long-term economic transformation agenda.
Witnessed by the Chief Minister of Melaka, YAB Datuk Seri Utama Ab Rauf Yusoh, this signing ceremony essentially underscores the project’s pivotal role in driving Melaka’s economic growth and urban transformation. The presence of the Chief Minister instils strong confidence in the Proposed Development and demonstrates the government’s steadfast dedication to its success, solidifying its position as a major catalyst for Melaka’s future prosperity.
