PETALING JAYA: LBS Bina Group Bhd
has inked a deal with the Melaka state government to reclaim and develop part of the Melaka Waterfront Economic Zone (M-WEZ).
In a statement, the property developer said its indirect, 70%-owned subsidiary, Leaptec Engineering Sdn Bhd, had signed a reclamation and development agreement (RDA) for the rights to reclaim and develop an area measuring about 1,200 acres.
Following the reclamation works, LBS said it intends to develop an industry hub with port facilities for logistics and warehousing, manufacturing, liquefied natural gas, port-related business and such other developments or economic activities on the site.
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