{"id":86702,"date":"2025-06-02T00:00:00","date_gmt":"2025-06-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/06\/02\/uae-malaysia-ink-mou-to-develop-multipurpose-terminal-at-began-datuk-port\/"},"modified":"2025-06-02T00:00:00","modified_gmt":"2025-06-02T00:00:00","slug":"uae-malaysia-ink-mou-to-develop-multipurpose-terminal-at-began-datuk-port","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/06\/02\/uae-malaysia-ink-mou-to-develop-multipurpose-terminal-at-began-datuk-port\/","title":{"rendered":"UAE + Malaysia ink MoU to develop multipurpose terminal at Began Datuk Port"},"content":{"rendered":"

UAE<\/strong> + Malaysia ink maritime, food security MoUs: <\/strong>The Ministry of Investment inked an MoU with Malaysia\u2019s Perak State Development Corporation to develop a multipurpose terminal at Began Datuk Port and collaborate on global food security, according to a statement<\/a> released on Thursday. The agreement was signed by Investment Minister Mohamed Hassan Alsuwaidi and Perak State Development Chairman Yab Dato\u2019 Seri Mohamed during the 2nd ASEAN-GCC Economic Forum held in Malaysia. <\/p>\n

The multipurpose terminal is set to operate as a key gateway for Malaysia\u2019s food exports<\/strong>, <\/strong>located as a link between China, members of the Association of Southeast Asian Nations (ASEAN), and the GCC, Wam<\/a> reported on Friday. The agreement also covers the development of Halal Industries and AI hub at the port, Edge Malaysia<\/a> reported on Thursday. <\/p>\n

Background:<\/strong> The project comes a few months after the pair signed a comprehensive economic partnership agreement (CEPA) with Malaysia earlier this year<\/a>. The project also looks to build on the pair\u2019s non-oil trade, with the UAE standing out as Malaysia\u2019s second-biggest trading partner in the MENA region, accounting for 32% of the nation's total trade in the region. Bilateral trade hit USD 4.9 bn in 2023 and USD 4 bn in the first nine months of 2024, Wam<\/a> added.<\/p>\n

Not just seaports: <\/strong>The UAE also secured a presence in Malaysia\u2019s airports after a consortium comprising Abu Dhabi Investment Authority (Adia), Global Infrastructure Partners (GIP), Khazanah Nasional Berhad, Malaysia\u2019s Employees Provident Fund (EPF), and BlackRock acquired an 84.1% stake<\/a> in the country\u2019s main airport operator Malaysia Airports earlier in January. The consortium had first made an offer in May 2024 to acquire shares in Malaysia Airports at RM 11 each, valuing it then at RM 18.4 bn (USD 4.1 bn).<\/p>\n

There\u2019s more for UAE in the pipeline:<\/strong> DP World is working to finalize a JV with Malaysia\u2019s Suria Capital<\/a> for the development of the Sapangar port. DP World also inked an agreement with Malaysia\u2019s Sabah Ports<\/a> to jointly manage SBSCP last year. <\/p>\n

\n

IN OTHER DIPLOMATIC <\/strong>UPDATES- <\/p>\n

Iran and Oman have reportedly signed a preferential trade agreement (PTA)<\/strong>, and over a dozen MoUs during Iranian President Masoud Pezeshkian's visit to Muscat last week, Tehran Times<\/a> reports. Iranian outlets are the sole reporters of this development so far. Pezeshkian indicated the possibility that the value of trade between the two nations can reach USD 20 bn to USD 30 bn, the outlet reports.<\/p>\n

Trade in numbers<\/strong>: Iran saw a trade surplus of USD 764 mn with Oman between March 2024-25, up from USD 570 mn in the prior year, Tehran Times<\/a> reported last month.<\/p>\n","protected":false},"excerpt":{"rendered":"

The agreement also pertains to the development of a Halal Industries and AI hub at the port to advance food 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