Sarawak are Inaugural Champions - Sime Darby Plantation

KorporatCorporateSime Darby To DevelopNCR Land in SarawakSime DarbyPlantation holds60% equityunder the jointventure whilethe landownershold 30% andLCDA 10%.Pelita Holdings’ Chief Executive Officer, En. Abdullah (left) and En Helmy signing the agreement witnessed by Datuk Sri DrJames Masing (center).Chief Executive Officer / Ketua Eksekutif Pelita Holdings, Encik Abdullah (kiri), dan Encik Helmy menandatangani perjanjian disaksikanoleh Datuk Sri Dr James Masing (tengah).Sime Darby Plantation isspreading its expertisein oil palm plantationdevelopment in Sarawak withthe signing of a joint ventureagreement on July 9, 2009 todevelop 20,000 hectares ofNative Customary Rights(NCR) lands in Julau, Sarikei.The land, currently idle, willbe developed into modern oilpalm plantations withadequate infrastructure suchas roads and housing facilitiesfor the benefit of NCRlandowners from 109longhouses. These are fromthree areas namelyKJD/Lower Julau, SungaiJulau/Sungai Pitoh andMerurun/Meluan/Entabai.The joint venture agreementwas signed between SimeDarby Plantation Sdn. Bhd.and Pelita Holdings Sdn.Bhd., a holding companyunder the State LandCustody and DevelopmentAuthority (LCDA), whichrepresents the landowners.Present at the ceremony wasHead, Plantation UpstreamMalaysia En. Helmy OthmanBasha, State LandDevelopment Minister DatukSri Dr James Jemut Masingand Pelita Holdings ChiefExecutive Officer, AbdullahChek Sahamat.En. Helmy said ground workwould begin soon after theapproval of the Social andEnvironmental ImpactAssessment reports wereobtained from authoritiesconcerned.Seedlink July - October, 20093.