GEORGE TOWN (May 29): Oriental Holdings Bhd’s (KL:ORIENT) unit Melaka Straits Medical Centre Sdn Bhd (MSMC) has formalised a joint venture (JV) with Ideal Hasrat Bumiraya Sdn Bhd, part of Ideal Property Group, to develop a tertiary medical centre, named Ideal Oriental Medical Centre.
In a statement on Friday, MSMC said the collaboration, formalised on Thursday, signalled a bold step towards redefining healthcare delivery in northern Peninsular Malaysia through a future-ready medical ecosystem that integrates advanced tertiary care, innovative technology, and seamless urban connectivity.
It said the proposed medical centre, planned on a 0.7689-hectare site within the Queens Waterfront master plan, is expected to be completed by the end of 2030.
“The medical centre aims to cater to the healthcare needs of residents in Gelugor, Bayan Baru, Bayan Lepas and surrounding communities, alongside Penang’s growing population of professionals, engineers, and industrial workforce concentrated within the Bayan Lepas manufacturing corridor.
“The development is also strategically positioned to support Penang’s thriving medical tourism sector, particularly international patients seeking advanced healthcare services in the region,” it said.
The proposed development is expected to reinforce Penang’s position as one of Malaysia’s leading healthcare hubs while supporting the state’s long-term aspirations in healthcare excellence, medical tourism, and sustainable urban growth, it added.