Bursa Alert
Global Market
NewsIskandar lands RM1.8b deal from Qingdao
Page 1 of 1
Iskandar lands RM1.8b deal from Qingdao
by hlk Thu 03 Nov 2011, 17:50
Iskandar Investment Bhd, the catalytic project developer of Iskandar Malaysia, has secured a RM1.8 billion real estate investment from China-based company, Qingdao Zhouyuan Investment Holdings.
Qingdao Zhouyuan is a subsidiary of Hebei-based real estate developer, Zhouda Real Estate Group.
President and Chief Executive Officer Datuk Syed Mohamed Ibrahim said the investment project, over two phases, will commence next year and be over a period of about 10-15 years.
"This is the first real estate investment by a foreign company in Medini Iskandar Malaysia and the biggest project investment in the area, to date," he added.
He was speaking to reporters after signing two framework agreements with Qingdao Zhuoyuan for the development of mixed residential and commercial projects in Medini Iskandar here, today. - Bernama
Qingdao Zhouyuan is a subsidiary of Hebei-based real estate developer, Zhouda Real Estate Group.
President and Chief Executive Officer Datuk Syed Mohamed Ibrahim said the investment project, over two phases, will commence next year and be over a period of about 10-15 years.
"This is the first real estate investment by a foreign company in Medini Iskandar Malaysia and the biggest project investment in the area, to date," he added.
He was speaking to reporters after signing two framework agreements with Qingdao Zhuoyuan for the development of mixed residential and commercial projects in Medini Iskandar here, today. - Bernama
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» CI Holdings lands sweet deal
» Darul Tinggi, Iskandar arm in RM600m condo deal
» Hot Stock Iskandar Waterfront falls 6% on profit-taking after RM2.4b land deal
» Boustead lands RM220mil job
» Ivory lands Bayan Mutiara
» Darul Tinggi, Iskandar arm in RM600m condo deal
» Hot Stock Iskandar Waterfront falls 6% on profit-taking after RM2.4b land deal
» Boustead lands RM220mil job
» Ivory lands Bayan Mutiara
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum