Maharani Freeport, Malaysia’s first duty-exempted energy freeport, was officially launched by Sultan Ibrahim, King of Malaysia. Developed by Maharani Energy Gateway Sdn. Bhd. (MEG), this deepwater freeport is a private-sector initiative supported by the Federal and Johor State Governments. It is strategically located within the Muar Port limits along the Strait of Malacca, the world’s largest oil shipping route.
The freeport is expected to attract RM144b in global investments, significantly boosting the local and national economy. Dato’ Dr. Daing A. Malek Bin Daing A. Rahaman, Executive Chairman of MEG, described the project as “bold and transformative,” aiming to create at least 45,000 direct and indirect jobs and uplift local businesses in logistics, ship repair, and services.
Maharani Freeport is already operational, engaging in oil trading, storage, and other maritime services. The launch event was attended by over 1,500 guests, including the Regent of Johor, Prime Minister Anwar bin Ibrahim, and international dignitaries.
The development spans 3,200 acres across three man-made islands, featuring an energy hub, deep seaport, industrial park, and financial hub. It offers a comprehensive service ecosystem with competitive tax incentives, including a 3% corporate tax rate for oil trade activities.
