KUALA LUMPUR: DPS Resources Bhd
’s wholly-owned subsidiary DPS Energy Sdn Bhd (DPSE) has entered into a joint venture agreement (JVA) with Mutiara Mahajuta Sdn Bhd for the development of a 170-acre land in Alor Gajah, Melaka.
In a filing with Bursa Malaysia, DPS said the collaboration will spearhead innovative projects in agro-tourism, crops, bio-farming, renewable energy, solar farms, and aquaponics.
Mutiara has secured collaborative agreements with individual landowners for a comprehensive, long-term development of the land in three phases over an initial tenure of thirty years, with an option for a fifteen-year extension.
The first phase of the project will focus on developing agro-tourism attractions, cultivating crops, and establishing bio-farms and aquaponics systems. The second phase will shift focus to renewable energy, primarily through the development of a solar farm.
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