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KUALA LUMPUR, Sept 24: Malaysia’s MMC Corporation on Monday said it would partner Dubai World to build an ambitious $4.7bn maritime centre in southern Johor state facing Singapore. MMC Corporation Bhd, a diversified group involved in power, construction and property development, said in a stock exchange filing that it had signed a memorandum of understanding with Dubai World, a holding company of the government of Dubai.
The proposed project, part of the Iskandar Development Region, would comprise oil terminal activities, dry docks, shipyard—AFP
