Cover Story 2: How MMC Corp built Malaysia’s largest port empire
Cover Story 2: How MMC Corp built Malaysia’s largest port empire
MMC Port Holdings, under Tan Sri Syed Mokhtar Al-Bukhary's MMC Corp, grew into Malaysia's largest port operator over two decades, starting with PTP in 2001 and expanding into Johor Port, Northport, Penang Port and Tanjung Bruas Port. Together these five ports handled 18.5 million TEUs in 2024, with PTP alone contributing 12.3 million. MMC Port posted FY2024 net profit of RM761.12 million, down 5.5%, even as revenue grew 10% to RM4.36 billion. It became a public company in 2025 ahead of a planned Bursa Main Market listing.
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