• Home
  • Attractions
  • Hotels
  • Map & Misc
  • News
  • MM2H

Malacca Malaysia

All you need to know to enjoy your stay in Malacca Malaysia.

Naim, CMS and BDA to develop RM1.5bil new township

KUCHING: Naim Holdings Bhd, Cahya Mata Sarawak Bhd (CMS) and Bintulu Development Authority (BDA) have formed a joint ventuKUCHING: Naim Holdings Bhd, Cahya Mata Sarawak Bhd (CMS) and Bintulu Development Authority (BDA) have formed a joint venture (JV) to develop the proposed Samalaju new township, which is estimated to cost at least RM1.5bil.

Located within Sarawak Corridor of Renewable Energy, the project will comprise residential developments, schools, clinics, commercial centres and recreational facilities for about 50,000 people.

 Naim has a 60% stake in the JV while CMS and BDA hold 30% and 10% respectively. BDA is the state agency tasked with the planning and development of Bintulu. Naim executive director Datuk William Wei said the proposed new township, which would span more than 2,200ha, would be located about 15km north of the proposed Samalaju Industrial Park where energy-intensive industries would be sited.

He said at least 5,000 units of houses would be built in the new township. “The JV (vehicle) will also develop and operate world class facilities for executives employed by the various industries,” he told reporters after the signing of a memorandum of understanding for the JV yesterday.

The houses and facilities are expected to be completed by the first quarter of next year.

BDA general manager Datuk Mohidin Ishak said construction work for the proposed plants for some of the energy-intensive industries in Samalaju Industrial Park would start next year.

 Sarawak Aluminium Company Sdn Bhd’ aluminium smelter and Japan’s Tokuyama Corp polycrystalline silicon plant will be located at Samalaju Industrial Park. Hong Kong-based Asia Minerals Ltd has also proposed to build a manganese smelting factory at the industrial park. By The Star re (JV) to develop the proposed Samalaju new township, which is estimated to cost at least RM1.5bil.

Located within Sarawak Corridor of Renewable Energy, the project will comprise residential developments, schools, clinics, commercial centres and recreational facilities for about 50,000 people.

 Naim has a 60% stake in the JV while CMS and BDA hold 30% and 10% respectively. BDA is the state agency tasked with the planning and development of Bintulu. Naim executive director Datuk William Wei said the proposed new township, which would span more than 2,200ha, would be located about 15km north of the proposed Samalaju Industrial Park where energy-intensive industries would be sited.

He said at least 5,000 units of houses would be built in the new township. “The JV (vehicle) will also develop and operate world class facilities for executives employed by the various industries,” he told reporters after the signing of a memorandum of understanding for the JV yesterday.

 The houses and facilities are expected to be completed by the first quarter of next year. BDA general manager Datuk Mohidin Ishak said construction work for the proposed plants for some of the energy-intensive industries in Samalaju Industrial Park would start next year. Sarawak Aluminium Company Sdn Bhd’ aluminium smelter and Japan’s Tokuyama Corp polycrystalline silicon plant will be located at Samalaju Industrial Park. Hong Kong-based Asia Minerals Ltd has also proposed to build a manganese smelting factory at the industrial park. By The Star


Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Travel & Property Posts

  • Travel to Malaysia
  • Bayu Ferringhi Condominiums
  • Oasis Serviced Suites, Ara Damansara
  • Ritze Perdana 2
  • Malaysia property cycle and how to mitigate its risk?
  • Buyers complain of prime units being taken up before launch
  • Glut dampens market value and rental of condos
  • Makings of a choice location
  • Property players concerned over new housing loan criteria proposal
  • TO BUY OR NOT TO BUY, THAT IS THE QUESTION

Index : Travel & Real Estate in Malaysia

  • Accommodation
  • Attractions
  • Featured
  • For Rent
  • For Sale
  • Hotels
  • Malacca News
  • Map & Misc
  • MM2H
  • News
  • Property
  • Real Estate Jokes

3 more pages…

  • About
  • Friends
  • Wallpapers

Search

Pages

  • Privacy Policy
  • Sitemap

Property Pages

  • All You Need to Know about Property Forums
  • Bombshell from Bank Negara – LTV of 70% for Third Residential Property and above
  • Property Agents/Negotiators – A Blessing and a Pain?
  • Pros and cons of selling a tenanted property
  • Real Estate Appraisal
  • Real Estate Bird Dogs
  • Robert Allen Multiple Streams of Income
  • The Role of Real Estate Agents
  • What to do with bad tenants

About

Malacca Malaysia Summarized

This site shows you Melaka Malaysia seen through the eyes of a retiree - Hantu Putih in Malay... - staying in Malaysia under the MM2H program: a 10 year multiple entry visa to Malaysia.

Malaysian are very friendly, Malaysia has no winter and you can stretch your European dollars even more in Melaka than in the capital Kuala Lumpur or in the MM2H town of preference: Penang.

Malaysia My 2nd Home

Malaysia My 2nd Home (MM2H) is a 10 year multiple entry tourist visa for retirees, planning to retire and buy property in Malaysia.

Read the latest news and updates about the Malaysia My 2nd Home Programme.

Travel to Penang

  • Destination Batu Ferringhi
  • Bayu Ferringhi Condominiums

© 2021 · Malacca Malaysia · Listed at : Local Business Directory - BTS Local Travel Travel & Leisure - Top Blogs Philippines

7ads6x98y