PETALING JAYA: SD Guthrie Bhd (SD Guthrie) and Sime Darby Property Bhd (SDP) have signed a joint venture agreement to develop up to 2,000 acres of land in Carey Island, Selangor. The collaboration aims to transform Carey Island into a leading industrial and logistics hub that will coexist with the area's well-established integrated industry and palm oil businesses while complementing the existing operations at Westport and Northport in Port Klang.

“Carey Island has been identified by the government as the new site for a world-class port due to its suitable and strategic location near Port Klang and proximity to Pulau Indah. Additionally, the island is conveniently connected to the city via the South Klang Valley Expressway (SKVE) which integrates with the North-South Expressway, ensuring accessibility. The highways and connectivity offer tremendous potential for the area to grow into an industrial and logistics hub while enabling the thriving plantation business in the area to continue,” said SD Guthrie group managing director Datuk Mohamad Helmy Othman Basha.

“We are excited to partner with SD Guthrie on this timely opportunity to unlock value in Carey Island as a dynamic port and advance the nation’s aspirations of becoming a regional logistics and economic hub. The collaboration allows us to begin master planning and designing a future-ready industrial ecosystem that will serve the needs of businesses and communities for years to come,” said SDP group managing director and chief executive officer Datuk Seri Azmir Merican. 

SD Guthrie owns 79% of Carey Island or 28,646 acres. In 2024, SD Guthrie announced its expansion into two new business areas, namely, industrial parks and renewable energy. SDP has established a strong track record in developing award-winning industrial parks across nine of its townships, including E-Metro Logistics Park in Bandar Bukit Raja in Klang, and Elmina Business Park in the City of Elmina, which has attracted global players such as Google. 

Both SD Guthrie and SDP are strategic investee companies of Permodalan Nasional Berhad (PNB), which will nominate the chairman of a special purpose vehicle (SPV) to be established for the joint venture.