Kuala Lumpur:Selangor State Development Corporation (PKNS) and PETRONAS Dagangan Berhad (PDB) have entered into a Memorandum of Understanding (MoU) to explore the potential development of petrol stations and supporting service facilities on PKNS land.

According to BERNAMA News Agency, the strategic collaboration involves PKNS's Land Management Division and PDB's Retail Network and Property Division under its Fuel Retail Department, aiming to optimize the use of PKNS's land assets.

Under the terms of the collaboration, both entities will conduct feasibility studies and detailed evaluations to assess the suitability and viability of potential locations before making final decisions on developments. The partnership is expected to open new business ventures that could yield long-term benefits for both organizations.

PKNS noted that this initiative will provide opportunities for its subsidiaries in various sectors, including petrol station operations, supporting services, property development, and more. The collaboration is anticipated to leverage existing expertise within the PKNS Group to support these ventures.

The MoU was signed by PKNS Land Management Manager Dr. Mohd Hilmi Muda and PDB Fuel Retail Department General Manager Mohd Feiruz Mohd Ghazali. The signing ceremony was witnessed by PKNS Group Deputy Chief Executive Officer (Strategic Joint Ventures) Ir. Md Kamarzan Md Rais and PDB Retail Network and Property Division Senior Manager Mohamed Rafik Rahmat.