RESORT-CENTRIC property developer Tanco Holdings Bhd has sealed a head of agreement (HOA) with CCCC Dredging Southeast Asia Sdn Bhd (CDSA), a subsidiary of Fortune Global 500 China Communications Construction Company (CCCC) and one of the world’s largest port and marine engineering groups.
According to a Bursa Malaysia filing, the HOA entered into by the group’s wholly-owned subsidiary Tanco Builders Sdn Bhd establishes the framework for consideration of CDSA’s appointment as the engineering, procurement and construction (EPC) contractor for the sea port component of Tanco’s Smart AI Container Port (MIDPORT) in Port Dickson.
The EPC works carry a maximum contract value of RM3.53 bil subject to final design, costing and commercial terms.
The sea oort component is expected to be constructed within three-and-a-half years once work commences.
A wholly-owned subsidiary of CCCC Dredging Group Co Ltd, CDSA is known globally for major marine engineering works, including the Yangshan Deep-Water Port *in China) and Colombo Port City (in Sri Lanka).
The HOA requires CDSA to prepare detailed engineering studies, reclamation and piling methodologies, marine structure designs, costing supported by external benchmarking and compliance plans aligned with Malaysian and international port standards within the stipulated timeframe.
This update follows an earlier MOU signed between Midports Holdings Sdn Bhd and COSCO Shipping Ports Ltd under which COSCO has expressed its intention to operate the Smart AI Container Port upon completion.
MIDPORT is one of the anchor projects within Malaysia Vision Valley 2.0 (MVV2.0) and has been tabled to the National Physical Planning Council (MPFN) as a National Strategic Priority Project, thus enabling streamlined inter-agency coordination and alignment with the National Physical Plan.
Among others, the port’s design incorporates AI-driven automation, smart logistics and green port technologies along with deep-water marine infrastructure to support next-generation container vessels.
MIDPORT is expected to catalyse downstream economic activities including logistics facilities, industrial zones, value-added services and high-skilled job creation.
At 10.05am, Tanco was down 5 sen ot 4.24% to RM1.13 with 10.44 million shares traded, thus valuing the company at RM6.93 bil. – Dec 9, 2025
