Ibi Group Holdings Ltd. has entered into a memorandum of understanding (MOU) with Waterfront Manila Premier Development Incorporated and Global Talent Management Limited for a potential investment in developing a new central business district in Manila, Philippines. The project involves reclaiming two islands in Manila Bay, covering approximately 318 hectares. Ibi Group, leveraging its expertise in construction and project management, will serve as a project advisor to potential investors seeking a majority stake in the project. The MOU, effective for four months, outlines Ibi Group's role in overseeing the project, providing construction expertise, and advising on procurement and progress. The agreement aligns with Ibi Group's strategy to explore new opportunities in property development and investment.