Hinting at an ambitious global expansion, the $12 billion Adani Group plans to set up a container port and an integrated maritime city in Malaysia.
The company's port arm, Adani Ports and Special Economic Zone Ltd (APSEZ), will begin a feasibility study on building a green-field multi-purpose port mainly for handling containers at Carey Island in Malaysia’s Selangor State. The feasibility study on developing a mega container handling port project on Carey Island as an extension of the existing Port Klang.
Malaysia is very strategic to APSEZ global strategy and with Straits of Malacca being a global shipping route. It helps us to drive our global transshipment strategy further. With Vizhinjam port in Kerala, on one side, and Carey Island port, on the other, we will be able to give transshipment solutions to global shipping lines.- CEO, APSEZ
Malaysia, South-East Asia’s third largest economy, is looking to boost investments and growth through liberalisation. The overall infrastructure of Malaysia is one of the most developed in Asia, and competes with some of the best developing countries of the world.