Belt and Road Summit 2025- Deal-making

10–16 Sept 2025 | China (Hong Kong)

ProjectUpdated on 27 August 2025

Lumut Maritime Industrial City (LuMIC)

Alexander Staring

Chief Business Development at LuMIC Development Corporation

Perak, Malaysia

About

Lumut Maritime Industrial City (LuMIC) is a landmark development in Perak, Malaysia, launched in December 2023 through a strategic partnership between the Perak State Development Corporation (PKNPk) and Port of Antwerp-Bruges International (PoABI). Recognised by the European Union with a €1.9 million grant for feasibility studies, LuMIC is set to become one of Southeast Asia’s leading maritime and logistics hubs.

Strategically located near the Straits of Malacca, LuMIC is Malaysia’s Global Gateway Flagship Project, designed to drive sustainable growth in Perak and the northern region. Over the next 25–30 years, it is expected to attract substantial foreign and domestic investment, generate over 55,000 jobs, and accelerate industrial and social development.

Guided by the successful landlord port model of Antwerp-Bruges, LuMIC offers exceptional business opportunities specifically for integrated logistics solutions and green circular economy. The development spans 23,000 acres of river delta land, divided into seven zones (LuMIC 1–7). While some maritime service companies are already active in the region, the masterplan envisions new industries, advanced logistics facilities, and modern infrastructure.

LuMIC will feature a multipurpose terminal that supports container handling, cold storage, edible oils, fertilisers, and project cargo, complemented by an innovation hub, marine support services, and value-added industries. It will also include a dry bulk terminal for grain and animal feed, alongside a large shipyard for marine engineering, shipbuilding, and dismantling. With deepwater access, LuMIC offers strong potential for space-intensive industries and LNG facilities. In addition, dedicated natural compensation zones will safeguard the environment, reinforcing LuMIC’s vision as a balanced and sustainable development.

With its strategic location, advanced facilities, and strong government support, LuMIC is positioned to transform Perak into a premier hub for maritime trade, logistics, and sustainable industry in Southeast Asia.

Project Location

  • Malaysia

Project Format

  • Public-Private Partnership Project

ESG (Environmental, Social, and Governance)

  • Yes

Project Stage

  • Feasibility Study Completed

Government approval on

14/11/2024

Target completion by

2050

Main Project Sector

  • Transport and Logistics Infrastructure

Energy and Natural Resources

  • Energy Storage
  • Oil & Gas
  • Solar Energy

Manufacturing

Edible oils, fertilisers, grain and animal feed

Public Utilities

  • ICT And Data Center

Technology

  • E-Business
  • Supply Chain Technology

Transport and Logistics

  • Bridges
  • Ports And Waterways
  • Roads And Highways

Urban Development

  • Education
  • Hospitality & Tourism
  • Free Trade Zone

Other Sector(s)

Green Ship Recycling

Total Project Value

  • 50,000,001 USD or above

Investment Capital Required

  • 50,000,001 USD or above

Interested Format of Cooperation

  • Joint Venture
  • Open for Negotiation
  • Public–private partnership / Concession
  • Seeking for Tenant

Preferred Financing Model

  • Open for negotiation

Previous Funding Stage

  • None

Return on Investment

10%

Main Service(s) Required

  • Infrastructure Services
  • Professional Services

Environmental Services

  • Green Building Solutions & Services
  • Risk Management & Resilience

Information Technology Services

  • Data Centre
  • Digital Marketing
  • E-logistics and Supply Chain Management
  • Import & Export Solutions
  • Industry Solutions

Infrastructure Services

  • Port, Terminal & Airport

Professional Services

  • Market Entry Strategic Analysis

Transportation Services

  • Marine Insurance
  • Freight Forwarder / Logistics Service Provider

Organisation

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