Maharani Freeport is targeting investments worth USD 35 bn: Maharani Freeport –– a multi-purpose mega energy project spanning 3.2k acres in the Malaysian state of Johor — has the potential to attract USD 35 bn in foreign investment, Bloomberg reported, citing a statement by the developer firm Maharani Energy Gateway (Meg). The project’s main port was officially launched last week, and it is already providing services such as oil trading, storage, transshipment, blending, bunkering, and ship-to-ship services, the news outlet reported, citing Meg’s Chairman Malek Bin Daing A Rahaman.

More details: The Maharani Freeport project is tied to the Malaysian King Sultan Ibrahim Iskandar, who owns a 40% stake in Meg. The project — which overlooks the Malacca Strait, one of the world’s busiest oil shipping routes — includes an energy hub, industrial and logistics parks, as well as a financial hub.

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