DPS in Melaka agro-tourism joint venture

KUALA LUMPUR: DPS Resources Bhd’s wholly-owned subsidiary DPS Energy Sdn Bhd has entered into a joint-venture agreement with Mutiara Mahajuta Sdn Bhd for the development of a 170-acre land in Alor Gajah, Melaka.

In a filing with Bursa Malaysia, DPS said the collaboration will spearhead innovative projects in agro-tourism, crops, bio-farming, renewable energy, solar farms and aquaponics.

Mutiara has secured collaborative agreements with individual landowners for a comprehensive, long-term development of the land in three phases over an initial tenure of 30 years, with an option for a 15-year extension.