Oriental Holdings Bhd’s unit, Melaka Straits Medical Centre Sdn Bhd (MSMC), has entered into a joint venture with Ideal Hasrat Bumiraya Sdn Bhd, a company under Ideal Property Group, to develop a tertiary medical centre known as the Ideal Oriental Medical Centre.
In a statement on Friday, MSMC said the collaboration formalised on Thursday marks a step towards strengthening healthcare delivery in northern Peninsular Malaysia through an integrated medical ecosystem combining advanced tertiary care, technology-driven services, and urban connectivity.
The proposed medical centre will be developed on a 0.7689-hectare site within the Queens Waterfront master plan in Penang and is expected to be completed by end-2030.
The facility is intended to serve residents in areas such as Gelugor, Bayan Baru, and Bayan Lepas, as well as the wider industrial workforce in the Bayan Lepas manufacturing corridor.
MSMC said the project is also positioned to support Penang’s medical tourism sector, catering to both local and international patients seeking specialised healthcare services.
The development is expected to further strengthen Penang’s position as a regional healthcare hub, while contributing to the state’s long-term goals in healthcare excellence, medical tourism, and sustainable urban growth.
