Mitsui Fudosan incorporated its first subsidiary, MFMA Development Sdn. Bhd., through a joint venture with Malaysia Airports Holdings Berhad (MAHB) to develop the first Mitsui Outlet Park in Southeast Asia, located in Malaysia. We have signed a basic agreement with MAHB, the land leaseholder and operator of 39 airports in Malaysia. This marks our first outlet in Southeast Asia, and we aim to leverage our expertise in commercial development to seize opportunities in Malaysia’s growing market.
