Signing the MoU are Midports Holdings executive director Datuk Wira Chuah Lim Leng and CCCC Dredging vice-president Huang Daojin. Standing, from left, are Tanco Builders Sdn Bhd managing director Eugene Choo Ewe Chuen, Tan, Liu and CCCC Dredging international business division executive general manager Li Feng.
This development is further to the joint venture agreement announced on Feb 27, 2024, between Midports and Menteri Besar Negeri Sembilan on undertaking reclamation works necessary for the project. Its parent company, CCCC, is listed in Hong Kong and Shanghai. The company’s profitability and value-creation capabilities are among the leading global players. In 2023, China Communications Construction ranked 63th in Fortune 500 and was among the top three in the ENR ranking of the 250 largest international contractors. The company boasts a market capitalisation of about RM80 billion.