Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result

Malaysia to build giant $64b port on Carey Island

byCT Report
10/01/2017
in Uncategorized
Share on FacebookShare on Twitter

KUALA LUMPUR: Northport, Westport and next up is Carey Island, a massive port-industrial city project, with infrastructure investments of more than RM200 billion (S$64.3 billion) covering an area of over 100 sq km – more than twice the size of Putrajaya.

This giant new port will also be able to handle more cargo than the two existing ports combined. According to Tan Sri Kong Cho Ha, chairman of Port Klang Authority (PKA) and Malacca Port Authority, the 20-year project will comprise the development of an integrated port and related infrastructure, industrial parks and free trade zones, commercial and residential buildings. Once all three phases of development are completed, the total gross development value (GDV) could exceed RM1 trillion.

You might also like

“Young entrepreneurs can reshape Pakistan’s economic future”

17/10/2026

NBP inks MoU with PowerChina arm for green financing collaboration

17/10/2026

“The whole of Port Klang is very congested now, and the ports are reaching maximum capacity. So we need to build another deep-sea port and develop capacity now to cater for our needs and growth,” said Kong in an exclusive interview with The Star.

The port within the project is envisaged to have an annual capacity to handle 30 million TEUs (twenty-foot equivalent unit) of container cargo.

“If we do not do anything now, we will continue to play second fiddle to Singapore and will not get a share of the bigger pie in future,” Kong added.

Last year, Port Klang – the world’s 12th busiest container port – handled container cargo totalling 13.2 million TEUs, a rise of 10.8 per cent over 2015. Its maximum capacity is 16 million.

Related Stories

“Young entrepreneurs can reshape Pakistan’s economic future”

byCT Report
17/10/2026

ISLAMABAD: The president of the Islamabad Chamber of Commerce and Industry has called for turning Pakistan's youth into a driver...

NBP inks MoU with PowerChina arm for green financing collaboration

byCT Report
17/10/2026

LAHORE: National Bank of Pakistan (NBP) has signed a Memorandum of Understanding (MoU) with PowerChina|Integrity Energy Storage (Shanghai) Technology Co....

FBR implements faceless tax audit and assessment system from October 15

byCT Report
17/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has implemented a new framework for conducting tax audits, assessments and related proceedings...

Pakistan explores new funding options with three UAE Banks to ease debt pressure

byCT Report
17/10/2026

ISLAMABAD: Finance Minister Muhammad Aurangzeb held separate meetings with delegations from Sharjah Islamic Bank, Abu Dhabi Commercial Bank and Ajman...

Next Post

Finland stocks lower at close of trade; OMX Helsinki 25 down 0.60%

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.