Malaysian conglomerate MMC Corp is looking to buy more ports. The firm, which is involved in real estate and power generation as well, is keen to add overseas ports too.
“We’ve been looking but at the moment we have not identified a single one yet. We’ll explore,” group managing director Datuk Seri Che Khalib Mohamad Noh told reporters at its AGM yesterday.
“We believe that ports could be the biggest contributor to our profit moving forward. Ports is going to be very interesting. It can contribute as high as 50% to revenue this year,” he added.
MMC has three ports in Malaysia and one in Saudi Arabia at present.