Pknp Group

Name

Pknp Group

Legal name

Kumpulan Perbadanan Kemajuan Negeri Perak

Website

https://pknpgroup.com.my

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

State Development Corporation / Government-Linked Holding Company

NAICS

Utilities (221), Utility System Construction (2371), Water and Sewer Line and Related Structures Construction (23711), Support Activities for Transportation (488)

SIC

Non-Operating Establishments (9995), General Bldg Contractors - Nonresidential Bldgs (1540), Water Supply (4941), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Sustainable Cities, Urban Development & Green Infrastructure (BPADALAL)

akta.pro secondary industries

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG), Infrastructure Planning, Capital Programs & Project Delivery Offices (PMOs) (BPAIALAJ), Permitting, Environmental & Stakeholder Engagement (EIA/ESIA, Community Relations) (EUAMAAAB), State/Provincial Transportation, Roads & Public Works Administration (BPAIABAK)

Keywords

• State development corporation
• Property development services
• Industrial park management
• Port and logistics operations
• Hospitality and tourism assets

Headquarters

HQ city

Ipoh

HQ country

Malaysia

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Property Development & Asset Management: Revenue generated from property development projects including residential (Taman Tasik Ardea), industrial parks (Silver Valley Technology Park, SVTP), and management of 150+ buildings and strategic assets across multiple states.
2. Port & Logistics Operations: Revenue from Lumut Maritime Terminal operations including LMT1 and LMT2, cargo handling services, and the LuMIC maritime industrial city development attracting international investors.
3. Hospitality & Tourism: Revenue from Hotel Casuarina@Meru, Hotel Casuarina@Kuala Kangsar, Casuarina Houseboat@Temengor, and eco-tourism assets including Tasik Cermin.
4. Digital Economy Services: Revenue from Digital Perak Corporation Holdings providing digital infrastructure, services, and initiatives across Smart Connectivity, Smart People, Smart Economy, and Smart Government.
5. Utility Corridor Management (KUDR): Revenue from utility infrastructure coordination services as a one-stop agency for development entry applications, maintenance and utility diversion works.
6. Mineral-Based Industries: Revenue from mineral-based industrial operations and downstream industry development in Perak.
7. Green Technology & Renewable Energy: Revenue from solar energy projects (via MHB-Shizen partnership), Hydro Life Extension Programme (HELP), and other renewable energy initiatives.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels8 records

Core offering

PKNPk Group is the Perak State Development Corporation operating six core business segments: Property Development & Asset Management (150+ buildings, affordable housing, industrial parks), Mineral-Based Industries, Green Technology (HLEP hydro upgrades with 650 MW capacity, solar projects), Digital Economy (through Digital Perak Corporation Holdings), Port & Logistics (Lumut Port, LMT2, LuMIC maritime industrial city), and Hospitality & Tourism (Hotel Casuarina properties, Tasik Cermin eco-tourism, BSAS recreational area). The group manages major infrastructure projects including Silver Valley Technology Park (RM1.03 billion GDV), Lumut Maritime Industrial City (targeting RM72 billion investments), and Taman Tasik Ardea affordable housing (RM141 million GDV).

Product overview

PKNPk Group (Kumpulan Perbadanan Kemajuan Negeri Perak) is the Perak State Development Corporation established in 1967, operating as a multi-segment government-linked company. The organization functions as a platform with six core business segments: Property Development & Asset Management, Mineral-Based Industries, Green Technology (including HLEP hydro upgrades and solar initiatives), Digital Economy (through Digital Perak with APiT/TDS/HiM/CMS units), Port & Logistics (Lumut Port/LMT2/LuMIC), and Hospitality & Tourism (Hotel Casuarina chain, Tasik Cermin, BSAS). Key subsidiaries include Perak Corporation Berhad, Majuperak Holdings Berhad, PIRSB, KUDR, and Digital Perak Corporation Holdings. Major projects include Silver Valley Technology Park (SVTP), Lumut Maritime Industrial City (LuMIC), Taman Tasik Ardea housing, and Hydro Life Extension Programme (HLEP). Digital platforms include ePerolehan for procurement and KUDRAT for utility management.

Differentiator

Problem solved

Functional benefit

Brands

• LuMIC (Lumut Maritime Industrial City): Flagship maritime and industrial city development project at Lumut
• Silver Valley Technology Park (SVTP)
• Tasik Cermin
• Hotel Casuarina
• Digital Perak
• KUDR (Koridor Utiliti Darul Ridzuan)
• Lumut Port
• Bulatan Sultan Azlan Shah (BSAS)

Products and services

• Property Development & Asset Management
• Silver Valley Technology Park (SVTP)
• Taman Tasik Ardea
• Lumut Maritime Industrial City (LuMIC)
• Lumut Maritime Terminal 2 (LMT2)
• Hydro Life Extension Programme (HLEP)
• KUDRAT Online Utility Management System
• ePerolehan System
• Hotel Casuarina@Meru

Quantifiable outcome

• RM14 billion in private investment targeted from SVTP project
• +6 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

16 partnerships are on record, tiered strategic, core and flagship.

• Majlis Daerah Kampar (MDK)strategicStrategic or Co-development Partner · 28 January 202621-year concession agreement with Majuperak Holdings Berhad for development and operation of Gua Tempurung eco-tourism site, one of Perak's iconic tourism assets.
• Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP)strategicStrategic or Co-development Partner · 6 November 2025MoU for bulk treated water supply terms between PKNPk-Gamuda JV and PBAPP, addressing critical water supply to Penang.
• Majlis Daerah Hulu Perak (MDPH)coreStrategic or Co-development Partner · 25 September 2025Strategic collaboration for digital utility management transformation in Pengkalan Hulu through KUDR platform implementation.
• Malaysia Digital Economy Corporation (MDEC)strategicStrategic or Co-development Partner · 4 June 2025Collaboration for Global Business Services (GBS) development in Ipoh as part of digital economy initiatives under Perak Digital Economy Action Plan 2030.
• CHEC Construction (M) Sdn BhdflagshipStrategic or Co-development Partner · 28 May 2025MoU for development of Bagan Datuk International Sea-Hub Multipurpose Terminal (BDI-SMT) as trade gateway linking China, ASEAN, and GCC nations; and establishment of Halal and AI Industrial Hub in Perak.
• Government of United Arab EmiratesflagshipStrategic or Co-development Partner · 28 May 2025MoU for cooperation in food security and strategic investment opportunities related to BDI-SMT project, marking significant milestone in Malaysia-UAE development partnership.
• SIRIM QAS International Sdn Bhd & SIRIM AcademystrategicStrategic or Co-development Partner · 30 April 2025Partnership for certification and training services supporting PKNPk's quality standards and workforce development initiatives.
• Tenaga Nasional Berhad (TNB)strategicStrategic or Co-development Partner · 1 March 2025EV charging infrastructure partnership at Hotel Casuarina@Meru and CSR collaboration (TNB Genco) supporting Hulu Perak communities, contributing to green technology and ESG agenda.
• Kinergy Advancement Berhad (KAB)strategicStrategic or Co-development Partner · 13 February 2025Strategic collaboration supporting Perak's plan for 29 potential renewable energy projects for state energy and infrastructure development.
• Gamuda BerhadcoreStrategic or Co-development Partner · 15 June 2024Joint venture for water infrastructure development addressing critical water shortages in Northern Perak, with exclusive partnership for infrastructure development.
• Port of Antwerp-Bruges International (PoABI)flagshipStrategic or Co-development Partner · 15 May 2024Joint feasibility study for Lumut Maritime Industrial City (LuMIC) funded by EUR 1.9 million EU grant. Collaboration includes methodology development, connectivity analysis, FDI assessment, trade and cargo analysis, governance benchmarking, and roadmap mapping. Established LuMIC Development Sdn Bhd (LuMIC DevCo) as joint entity for integrated development and management.
• Majlis Daerah Selama (MDS)coreStrategic or Co-development Partner · 2 May 2024MoU for strategic collaboration in district utility infrastructure development and planning coordination through KUDR's one-stop agency services.
• Shizen International Inc.strategicStrategic or Co-development Partner · 25 April 2024MoU for solar energy development including land-based photovoltaic projects and evaluation of floating solar potential on water bodies in Perak. Shizen Energy has developed 1,321.7 MW renewable energy capacity internationally. Partnership aims to advance renewable energy under NETR and Perak Sejahtera 2030.
• Majlis Daerah Kerian (MDK)coreStrategic or Co-development Partner · 13 February 2024MoU for utility infrastructure governance strengthening and coordinated development entry applications, maintenance, and utility diversion works in Kerian district.
• Advancecon Holdings BerhadcoreStrategic or Co-development Partner · 8 January 2023Joint venture for Silver Valley Technology Park development (GDV RM1.03 billion) with Advancecon as development partner. Also JV for Centralized Labour Quarters (CLQ Silvervalley Sdn Bhd) with Perak Equity holding 30% stake. SVTP targeted to attract RM14 billion investment and create 13,000 jobs.
• STG World Sdn Bhd (Sabah Tea Garden)coreStrategic or Co-development Partner · 1 January 2022Joint venture with Majuperak Holdings Berhad for Tasik Cermin development and operations, delivering unique visitor experiences and achieving over 600,000 annual visitors and international recognition.

Scale indicators18 records

Recent moves4 records

Expansion highlights7 records

Direct peers

• Sime Darby Property Berhad: One of Malaysia's largest property developers with industrial park and township portfolios, including the Bandar Bukit Raja and Elmina industrial developments. Directly comparable to PKNPk's property development and industrial park (SVTP) mandate and similarly serves as a platform for FDI attraction into Malaysia.
• Gamuda Berhad: Malaysian infrastructure conglomerate with major water, tunneling, and property developments; actively a JV partner of PKNPk on the Perak water infrastructure project. Comparable in scale of state-backed infrastructure delivery and is a key strategic peer for both property and utility-scale project execution.
• Johor Corporation (JCorp): Malaysian state-owned conglomerate for Johor with diversified holdings across property, industrial parks (e.g., Tanjung Langsat), plantations, healthcare, and hotels. Comparable as a state-level diversified economic development platform with similar breadth of subsidiaries.
• Penang Development Corporation (PDC): State development corporation for Penang, Malaysia, with overlapping industrial park, property, and digital economy mandates. Directly comparable as a sibling state economic development agency pursuing FDI, industrial parks, and digital transformation initiatives in Northern Malaysia.
• IJM Corporation Berhad: Malaysian construction, property, and infrastructure conglomerate with industrial park and township developments. Comparable to PKNPk's integrated approach spanning construction of large-scale projects alongside commercial property and asset management.
• Mah Sing Group Berhad: Malaysian property developer with significant industrial and affordable housing portfolios, including recent data center parks in Malaysia. Comparable to PKNPk's affordable housing (Taman Tasik Ardea) and industrial park (SVTP) developments.
• Sarawak Economic Development Corporation (SEDC): State development corporation of Sarawak with diversified holdings in property, industrial estates, agriculture, and energy. Closest direct peer in terms of being a Malaysian state-level economic development platform with similar statutory mandate and diversified portfolio approach.
• East Coast Economic Region Development Council (ECERDC): Malaysian federal-state body driving economic development of the East Coast region with comparable industrial park, tourism, and FDI attraction mandate. Similar to PKNPk as a regional economic development authority pursuing infrastructure-led growth.

Broad incumbents

• Sunway Berhad: Malaysian integrated conglomerate with property development, construction, healthcare, and hospitality. Comparable to PKNPk's diversified operating model across property, hospitality, and industrial development.
• UEM Group Berhad: Malaysian government-linked infrastructure conglomerate (Khazanah-owned) with expressways, property, and engineering businesses. Comparable in scale and government-linked nature to PKNPk, but operates across Malaysia with broader infrastructure focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pknpgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pknp Group