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Berjaya Land Berhad (Berjaya Land) is pleased to announce its expansion into Greenland through its wholly-owned subsidiary Berjaya Greenland Invest A/S, a journey rooted in responsible growth, innovation and deep respect for the local community and environment.

PRESS RELEASE

BERJAYA LAND UNVEILS RESIDENTIAL HOUSING AND HOSPITALITY PLANS IN GREENLAND

Date: 16 June 2025

Venue: Greenland, Berjaya Land

KUALA LUMPUR, 16 June 2025 – Berjaya Land Berhad (Berjaya Land) is pleased to announce its expansion into Greenland through its wholly-owned subsidiary Berjaya Greenland Invest A/S, a journey rooted in responsible growth, innovation and deep respect for the local community and environment.

Berjaya Land began its Nordic venture in 2019, driven by its international expansion plan to help develop a unique part of Greenland and bring long-term value to the local community. The Company is committed to develop a unique part of the country into a vibrant and welcoming destination. Building on this positive momentum, Berjaya Land extended its focus to Greenland, a land rich in potential and ready for new opportunities.

Through strategic engagement with the Municipality of Nuuk, Greenland’s capital, Berjaya Land identified a growing housing shortage as a key priority for the community. Responding to this need, Berjaya Land formed Berjaya Greenland Invest A/S and secured lands in Nuuk, with the goal of delivering high quality residential apartments suited to Greenland’s unique climate and infrastructure needs.

In a significant step forward, Berjaya Land Berhad signed a Memorandum of Understanding (MOU) with SIBS Sdn. Bhd, a Sweden-based company with a manufacturing facility in Penang also a global leader in modular housing systems. This partnership aims to deliver efficient, climate-resilient homes through modular construction a modern approach that enables faster deployment, cost savings, and long-lasting quality.

Modular housing is particularly well-suited for Greenland’s environment and delivers several key advantages:

Superior quality control, achieved through controlled off-site construction;
Enhanced energy efficiency, with superior insulation for Arctic climates;
Time savings, as site work and modular construction occur simultaneously;
Environmental sustainability, through reduced waste and optimized resources;
Design flexibility, offering customisation to meet local housing preferences.

The housing initiative is currently in the planning and design phase, with the launch expected soon. Beyond improving housing access, the project is projected to generate meaningful economic benefits – including job creation, local contractor involvement, and long-term urban growth.

Building on this momentum, Berjaya Land is also working closely with the Municipality of Nuuk to explore the next phase of development including but not limited to a hotel and hotel residences that will support Greenland’s growing tourism sector. Following the inauguration of the new international airport in November 2024, Nuuk is poised to become a key Arctic destination. Berjaya Land’s hospitality investment is intended to meet this demand while maintaining a strong commitment to cultural and environmental sustainability.

Syed Ali Shahul Hameed, Group Chief Executive Officer of Berjaya Land Berhad, shared:

“We are excited to move forward with this collaboration, which marks a key milestone in our efforts to deliver modern, practical housing solutions that meet real community needs. This project reflects Berjaya Land’s broader vision of creating high-quality developments that are efficient, adaptable, and built with long-term impact in mind. Modular construction offers a smart and timely approach, allowing us to deliver faster and more cost-effective homes while supporting local capacity-building. Our focus remains on developing spaces that not only serve today’s needs but also lay the groundwork for resilient, connected communities in the years ahead.”

Mr. Erik Thomaeus, Group CEO of SIBS, stated:

“We are honored to join hands with Berjaya Land Berhad in this strategic partnership that aligns perfectly with our vision of shaping the future of sustainable modern living. Their commitment to community-driven development and respect for local identity resonate deeply with our values at SIBS. At the core of our collaboration is a shared belief that innovation and sustainability must go hand in hand. Together, we aim to deliver modular housing solutions that are not only high in quality and efficiency, but also adaptable to the unique needs of the people and places they serve. We look forward to building more than just homes we’re building resilient communities for generations to come.”

Berjaya Land remains committed to fostering long-term partnerships that empower communities, build capacity, and contribute to resilient and inclusive urban growth across new frontiers like Greenland. With a forward-thinking approach and a strong track record in delivering impactful developments, we are confident in our ability to bring value, create opportunities, and help shape thriving, future-ready communities in the regions we serve.

Media 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 Board 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 BERJAYA GREENLAND INVEST A/S Berjaya Greenland Invest A/S is a wholly owned subsidiary of Berjaya Land Berhad, part of the Berjaya Corporation Group of Companies, a leading Malaysian conglomerate. The company is committed to driving sustainable development across the region. With a particular focus on transforming Nuuk into a premier destination for recreation and ecotourism, Berjaya Greenland Invest A/S aims to foster local economic growth, address critical housing needs, and create meaningful employment opportunities for the community.

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