KUCHING: The Sarawak government has invited UDA Holdings Berhad to invest in property development at the stateâs petrochemical hub in Bintulu.
Chief Minister Datuk Patinggi Abang Johari Tun Openg said more than 74,000 employees including expatriates would be working and residing at the hub.
âHence, Iâm inviting UDA to see how they could participate and if interested can communicate with us,â he said in his speech at the signing of a property development joint venture agreement between UDA and Sarawak Economic Development Corporation here today.
Meanwhile, he described the joint venture project covering 5.1 hectares near Pending Industrial Estate as timely with the plan to transform Kuching into a smart city by 2030, that will have an Autonomous Rapid Transit (ART) public transport system to boot.
âIt will not only benefit the locals but also foreign visitors as the area to be developed is an access route to the wildlife tourism spots in Semenggoh, Santubong, Pantai Damai and Telok Melano in Sematan,â he said.
Minister of Entrepreneur Development and Cooperatives, Datuk Seri Wan Junaidi Tuanku Jaafar said the mixed development project would boost Sarawakâs economy in line with the governmentâs efforts to expedite the stateâs growth towards developed status by 2030.
âThis initiative also supports UDAâs agenda for ownership of property among the Bumiputera at an affordable price in a strategic location,â he said.
UDA chairman Datuk Jalaluddin Alias told a press conference that UDA would study Abang Johariâs offer while focusing on the joint venture signed today, worth RM480 million.
The project consists of two blocks of 21-storey apartments that will have a gymnasium, swimming pool, playground, shop-offices and a 12- storey hotel with 206 rooms. âBernama
