Berjaya Corporation - Berjaya Corporation Bhd

Berjaya Land Berhad (“Berjaya Land”), a prominent Malaysian conglomerate under Berjaya Corporation Berhad, has signed a strategic Memorandum of Understanding (MoU) with Impianan Utara Sdn Bhd (“Impianan Utara”) to jointly explore and develop two major economic initiatives in the state of Perlis: the mining of Rare Earth Elements and other minerals, as well as the plantation of Napier hybrid grass and Blackthorn durian. Both projects will be carried out in collaboration with Menteri Besar Incorporated (MBI) Perlis, the state’s investment vehicle.

PRESS RELEASE

BERJAYA LAND AND IMPIANAN UTARA SIGN LANDMARK MOU FOR RARE EARTH MINING AND DURIAN-NAPIER PLANTATION IN COLLABORATION WITH MBI PERLIS

Date: 17 June 2025

Venue: Kuala Lumpur

KUALA LUMPUR, 17 June 2025 – Berjaya Land Berhad (“Berjaya Land”), a prominent Malaysian conglomerate under Berjaya Corporation Berhad, has signed a strategic Memorandum of Understanding (MoU) with Impianan Utara Sdn Bhd (“Impianan Utara”) to jointly explore and develop two major economic initiatives in the state of Perlis: the mining of Rare Earth Elements and other minerals, as well as the plantation of Napier hybrid grass and Blackthorn durian. Both projects will be carried out in collaboration with Menteri Besar Incorporated (MBI) Perlis, the state’s investment vehicle.

The MoU signing ceremony was held at Berjaya Times Square Hotel, Kuala Lumpur, and was graced by the presence of YAB Tuan Mohd Shukri Bin Ramli, Menteri Besar of Perlis, and Tan Sri Dato’ Seri Vincent Tan Chee Yioun, Founder & Advisor of Berjaya Corporation Berhad.

A DUAL-PILLAR DEVELOPMENT STRATEGY FOR PERLIS

Project 1: Rare Earth Elements and Minerals Mining

Under this collaboration, Berjaya Land and Impianan Utara will undertake exploration and development activities for Rare Earth Elements and other strategic minerals within Perlis. Impianan Utara has secured the necessary state-level approval through its partnership with MBI Perlis. The initiative aligns with Malaysia’s ambitions to become a globally competitive and environmentally responsible player in the rare earth industry. The state of Perlis is expected to benefit from this development on mining revenue, job creation, and the stimulation of local commercial ecosystems. The project is set to generate sustainable revenues for the state and elevate Perlis into a new era of economic prosperity.

Project 2: Napier Grass and Blackthorn Durian Plantation

Under this collaboration, In a complementary initiative, Berjaya Land will also collaborate with Impianan Utara on a large-scale plantation project involving Napier hybrid grass and premium Blackthorn durian. This joint venture, also in collaboration with MBI Perlis, is designed to strengthen the state’s agro-economy by boosting food security, enabling downstream agro-processing, and opening up opportunities for export. Revenue from the plantation projects will be shared with the state through MBI’s arrangement with Impianan Utara, alongside annual lease payments that will contribute further to state coffers.

Dato’ Ar. Hj Syed Tajul Arif Syed Baharoon Al Jumlud, Executive Director, Impianan Utara Sdn Bhd also commented, “We are proud to embark on this strategic journey with Berjaya Land and MBI Perlis. Our roots in Perlis give us deep understanding of the land’s potential, and together with Berjaya’s corporate strength, we believe we can develop projects that are commercially viable, environmentally responsible, and beneficial to the people. This partnership stands as a symbol of public-private synergy driven by innovation, guided by local insight, and focused on delivering lasting value to the state and its people.”

EXPLORING FUTURE GROWTH BEYOND THE MOU

Looking beyond these initial ventures, Berjaya Land and Impianan Utara will also explore further collaborative opportunities including border city development and tourism-related initiatives leveraging Perlis’ strategic location, improving infrastructure, and growing investment appeal. Both parties believe that Perlis is well-positioned for its next phase of development, and through this MoU, aim to build a long-term framework for inclusive growth, innovation, and responsible economic advancement.

For media inquiries, please contact:
Mohamed Syairoz bin Mohd Odman
Communications and Sustainability Department
Berjaya Land Berhad
Tel: 018-6665999 / 03-21491257
Email: syairoz@berjaya.com.my.

ABOUT BERJAYA LAND BERHAD
Berjaya Land Berhad, a subsidiary of Berjaya Corporation, was incorporated in 1990 and is listed on the Main Market of Bursa Malaysia Securities has expanded its core business in Property Development & Investment, Hospitality, and Motor Retailing (H.R. Owen UK) to include Transport. Berjaya Land has business presence in 8 countries (Malaysia, UK, Seychelles, Philippines, Sri Lanka, Vietnam, Japan and Iceland). For more information,
please visit www.berjaya.com/berjaya-land.

ABOUT MENTERI BESAR INCORPORATED PERLIS
Menteri Besar Incorporated (MBI) Perlis is a government-linked company (GLC) that plays a role in the economic development of the state of Perlis. The Perlis MBI functions to attract investors, manage state assets, and implement strategic development projects to advance Perlis. The Perlis MBI serves as the main driver of the state’s economic development. It is involved in attracting investors, managing assets, and implementing development project.

ABOUT IMPIANAN UTARA SDN BHD
Impianan Utara Sdn Bhd was founded based on the principles of continuous improvement and endless search for excellence in service delivery. Construction industry is a highly fragmented industry and one of the main issues plaguing our industry is streamlining all the different expertise, missions, visions of these many parties towards a common objective in construction project deliverables. Realizing this, IUSB has ventured into a new frontier of project management service as an added value service to be offered to their client. IUSB is committed to give a cradle-to-grave service to their client and take great pride in ensuring the client intend is fulfilled.

BERJAYA LAND AND IMPIANAN UTARA SIGN LANDMARK MOU FOR RARE EARTH MINING AND DURIAN-NAPIER PLANTATION IN COLLABORATION WITH MBI PERLIS Read More »