KUALA LUMPUR: Maybank Islamic Bhd has exchanged a bilateral financing agreement with Rising Gateway Sdn Bhd, a wholly-owned subsidiary of MB World Group Bhd, for facilities of up to RM635.6mil for the newly launched MBW Innexus Industrial City in the Johor-Singapore Special Economic Zone (JS-SEZ).

“This financing package gives MB World Group the flexibility and breadth of options needed to meet its operational and infrastructure requirements—laying the foundation for developing a thriving ecosystem at MBW Innexus Industrial City,” said Datuk John Chong, group CEO of Global Banking, Maybank, in a statement.

MBW Innexus, a 732-acre heavy industrial project in Tanjung Langsat, sits at the heart of Flagship D within JS-SEZ.

Phase 1 of the project featuring 13 industrial plots is scheduled for completion in 2Q27, with the overall project projected to generate a gross development value of RM2.025bil.

“MBW Innexus Industrial City marks a bold new chapter for us,” said Datuk Rohman Ahmad, executive director of MB World Group.

“We believe industrial growth must be matched with infrastructure,  connectivity, and liveability. And that is exactly what we are working to build, not just factories, but a functioning ecosystem.”

According to MB World, MBW Innexus is just 6km from Tanjung Langsat Port and 14 km from Johor Port, offering access to sea routes, major highways, and international airports, including Senai International Airport and Singapore’s Changi Airport.