KUALA LUMPUR: Berjaya Land Bhd has teamed up with Impianan Utara Sdn Bhd to jointly develop rare earth mining and large-scale agricultural projects in Perlis, in collaboration with Menteri Besar Incorporated (MBI) Perlis.
The partnership covers two major initiatives, namely the exploration and mining of rare earth elements and other minerals, as well as the plantation of Napier hybrid grass and Blackthorn durian.
Berjaya Land said in a statement that the collaboration is aimed at unlocking Perlis' economic potential, supporting job creation, and strengthening the state's agro-economy and food security.
"This partnership reflects our continued belief in the vast potential of regional development in Malaysia," said Berjaya Land group chief executive officer Syed Ali Shahul Hameed.
"At Berjaya Land, we see value not just in the projects themselves, but in the positive ripple effects they can bring, from creating jobs and attracting investments, to uplifting surrounding communities and promoting knowledge exchange."
Impianan Utara has secured the necessary state-level approvals through its partnership with MBI Perlis for the mining project, which is aligned with Malaysia's ambition to become a competitive and environmentally responsible rare earth player.
On the agriculture front, Berjaya Land and Impianan Utara plan to cultivate Napier grass and premium Blackthorn durian, with revenues shared with the state and further contributions made through annual lease payments.
Impianan Utara executive director Datuk Syed Tajul Arif Syed Baharoon Al Jumlud said the company's deep roots in Perlis provide it with a strong understanding of the land's potential.
"Together with Berjaya's corporate strength, we believe we can develop projects that are commercially viable, environmentally responsible, and beneficial to the people," he added.
The partnership would also explore future ventures including border city development and tourism projects to capitalise on Perlis' strategic location and growing investment appeal.
Berjaya Land is a subsidiary of Berjaya Corp and has business interests spanning property, hospitality, motor retailing and transport in eight countries.