Sarawak Consolidated Industries Berhad announced that it has entered into a Memorandum of Understanding with PT MRT Jakarta (Perseroda). The agreement aims to explore potential partnerships with regards to the development of the Transit Oriented Development Area (Assessment of Partnership). The MOU serves as a platform to outline the guidelines for both parties to conduct discussions, correspondence, and data exchange.

The agreement abides by the regulations and laws applicable to this form of partnership. The MOU also lays the groundwork for future cooperation between the parties on key aspects. Among these are conducting studies related to land development in transit-oriented areas in DKI Jakarta, engaging in discussions and coordination regarding development study results and land use plans, and working together to realize investments in the project.

Fee structures for the project will be determined through mutual discussion and agreed upon in good faith.