SD Guthrie, Sime Darby Property advance RM798mil Bukit Kerayong industrial project
SD Guthrie Bhd and Sime Darby Property Bhd have paid RM798.3 million for 1,021.93 acres of land in Bukit Kerayong Estate, Kapar, to launch a 3,000-acre mixed-use park near Port Klang.
Source: The Star · July 21, 2026 at 6:22 PM · AI-assisted report
Corroborated
KUALA LUMPUR, 22 JULY 2026 —
SD Guthrie Bhd and Sime Darby Property Bhd have paid RM798.3 million for 1,021.93 acres of land in Bukit Kerayong Estate, Kapar, to launch a 3,000-acre mixed-use park near Port Klang.
Market Impact
The acquisition is the first step in a 50:50 joint venture announced in November 2025, under which each partner will invest up to RM100 million for an equal equity stake, the companies said in a joint statement.
The Bukit Kerayong development will be a heavy-industrial park with logistics and renewable-energy facilities, situated next to Port Klang and served by the West Coast Expressway and the upcoming East Coast Rail Link (ECRL).
SD Guthrie president and group chief executive Mohd Haris Mohd Arshad said the deal turns the land into productive use and aligns with national industrial goals.
“This collaboration reflects our continued focus on monetising our landbank through synergistic alliances that generate sustainable, long-term returns,” he said.
Sime Darby Property group managing director and chief executive Datuk Seri Azmir Merican said the partners are shifting from planning to execution.
“By integrating sustainable master-planning with strategic landbanking, we are building an industrial corridor equipped to meet evolving supply-chain demands,” Azmir said.
The project will be built in stages and designed to attract high-value investment, create jobs and reinforce Malaysia’s industrial competitiveness, the companies said.
SD Guthrie said the park will complement its existing Carey Island logistics hub and complement Sime Darby Property’s Bandar Bukit Raja township, creating a contiguous industrial corridor across Klang, Kapar and Kuala Selangor.
Both groups said the development will prioritise sustainability, infrastructure readiness and future demand.
The companies added that the latest agreements clear the way for detailed planning and construction, advancing one of Selangor’s largest industrial growth initiatives.
Related: Sime Darby