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Port of Antwerp-Bruges International (PoABI) is to develop Malaysian port Lumut into a maritime hub

Port of Antwerp-Bruges International (PoABI) is to develop Malaysian port Lumut into a maritime hub

Port of Antwerp-Bruges International (PoABI) and Perbadanan Kemajuan Negeri Perak (PKNP), a state development agency, have formed a strategic partnership to develop the port of Lumut in Perak state, Malaysia. The European Commission has awarded a €1.9 million grant for feasibility studies, recognizing the port’s potential as a logistics and industrial hub. For PoABI, this is the first major project in Southeast Asia.

Lumut, a port with great potential

Malaysia lies in a major international shipping lane between the Strait of Malacca and the South China Sea. Located in Perak state, Lumut is a smaller port between Kuala Lumpur in the south and Penang in the north. Thanks to this strategic location, the port has great potential as a logistics and industrial hub.

PoABI, a subsidiary of Port of Antwerp-Bruges, supports and strengthens overseas ports and terminals through consultancy, management solutions, investment projects and training. As part of the development of the port of Lumut, PoABI set up a development company together with PKNP. This company combines PKNP's local knowledge and network with PoABI's international expertise in project management, port management and training enabling the development and management of Lumut Maritime Industrial Cluster (LUMIC). The strategic partnership aims to make Lumut a world-class maritime hub and a catalyst for Perak's growth.

Kristof Waterschoot, Managing Director PoABI: "The official establishment of this development company underlines our commitment to the development of LUMIC. Together with our partner PKNP, we are ready to create a sustainable industrial cluster, which will not only boost the local economy, but also contribute to the broader vision of progress and innovation for the state of Perak in Malaysia."

After similar projects in Duqm and Namibia, this is PoABi's first major project in Southeast Asia.

EU grant

Given its strategic location and the strong confidence of foreign investors in Malaysia as the future centre of the logistics chain, the European Union has awarded a grant of EUR 1.9 million. This grant will be used for several feasibility studies. ​ Four studies on Malaysia are currently underway, laying the groundwork for a targeted approach in 2024. In the coming year, efforts will focus on Lumut and whether this port can become the gateway for Europe. This will focus on the draft master plan for LUMIC.

 

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About Port of Antwerp-Bruges

With an overall throughput of 271 million tonnes per year, Port of Antwerp-Bruges is a critical hub in worldwide trade and industry. The port is a crucial link for the handling of containers, breakbulk and for the throughput of vehicles. Port of Antwerp-Bruges is home to 1,400 companies and accommodates the largest integrated chemical cluster in Europe. The port provides, directly and indirectly, a total of around 164,000 jobs and generates an added value of 21 billion euros.
 
The ambition for Port of Antwerp-Bruges is clear - to become the world's first port that reconciles economy, people and climate. As well as growing in a sustainable way, the Port also aims to focus on its unique position as a logistics, maritime and industrial centre and to take the lead in the transition to a circular and low-carbon economy. Together with the port community, customers and other partners, Port of Antwerp-Bruges is actively seeking innovative solutions for a sustainable future. High on the agenda is its responsibility for the environment and the surrounding society. 

The port sites of Antwerp and Zeebrugge are operated by the Antwerp-Bruges Port Authority, a limited liability company of public law with the City of Antwerp and the City of Bruges as its shareholders. The port employs 1,800 people. Vice-Mayor of Antwerp Annick De Ridder is President of the Board of Directors, the Mayor of Bruges Dirk De fauw is the Vice-President. Jacques Vandermeiren is CEO and President of the Executive Committee, which is responsible for the port’s day-to-day management. 

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