KUALA LUMPUR (Feb 27): SD Guthrie Bhd has formalised a strategic collaboration with the Selangor state government to evaluate a large-scale integrated development on Carey Island, a project positioned as a key component of the proposed Carey Island Port — the planned third terminal expansion of Port Klang.
The plantation and agribusiness group signed a memorandum of understanding (MOU) with Menteri Besar Selangor (Incorporated) (MBI Selangor) to initiate feasibility studies and master planning works. The framework covers a minimum of 2,500 acres, with potential expansion to as much as 5,000 acres.
The proposed development will be located within the Carey Island Special Economic Zone (SEZ), which is envisioned as a catalytic economic hub for Southern Selangor. According to the joint statement, the initiative aims to generate high-value economic activities while reinforcing Selangor’s long-term growth agenda.
The announcement follows a directive issued in December 2025 by Prime Minister Datuk Seri Anwar Ibrahim, urging relevant agencies to expedite progress on the Carey Island terminal, a long-delayed expansion intended to boost Port Klang’s handling capacity and strengthen Malaysia’s position as a regional logistics gateway.
Selangor Menteri Besar Datuk Seri Amirudin Shari described the collaboration as a decisive step toward unlocking Carey Island’s strategic potential.
For SD Guthrie, the venture represents a continuation of its diversification strategy beyond plantations and downstream palm oil operations. The group has been progressively expanding into industrial development, aiming to unlock value from its substantial land bank.
SD Guthrie owns approximately 28,600 acres on Carey Island — about 80% of the total land area — including existing palm oil estates, mills and a biodiesel plant.
With the future port expansion in play, the area is poised to become a strategic location for logistics parks, manufacturing hubs and integrated industrial ecosystems. This has strong implications for industrial land in Selangor, particularly as demand for port-linked facilities and supply chain infrastructure continues to rise.
The Carey Island masterplan could significantly reshape Southern Selangor’s property landscape. Large-scale port and industrial developments often catalyse demand for:
Industrial property in Subang area and Klang corridor
Factory facilities in Puchong supporting manufacturing supply chains
Commercial property in KL serving corporate headquarters and logistics firms
Office space in Bukit Jalil and Greater Klang Valley for supporting services
As global trade flows recover and supply chains diversify within Southeast Asia, integrated port-linked developments are expected to drive sustained interest in industrial land in Selangor.
The Carey Island Port expansion, once materialised, would enhance Port Klang’s competitiveness and further strengthen Selangor’s position as Malaysia’s premier industrial and logistics hub.
Shares of SD Guthrie closed four sen lower at RM5.82, giving the group a market capitalisation of RM40.25 billion.
Indonesia