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Saturday, October 1, 2011

UDA, Pasdec to develop Bukit Tinggi land

KUALA LUMPUR: UDA Holdings Bhd and Pasdec Corp Sdn Bhd have signed a memorandum of understanding (MoU) to jointly undertake a commercial development on 60ha in Bukit Tinggi, Pahang.

Pasdec Corp is a wholly-owned subsidiary of Pasdec Holdings Bhd.

UDA Holdings chairman Datuk Nur Jazlan Mohamed said the land would be developed on a commercial basis. However, the form of the development was still being studied, he said.

Nur Jazlan: The timing is right and the land can be developed.

“We have an idea what to do. The project may not be fully commercial in the short term (but) there's potential. The timing is right and the land can be developed.

“We may also look into building something like a training centre,” he said after the MoU signing.

Nur Jazlan said details of the project would be disclosed later.

He said both parties would share their expertise, experience and information as well as contribute to the socio-economic improvement of the local people when the project was implemented.

“This cooperation is deemed as a prelude for a joint venture between UDA and Pasdec. Hopefully, after this, UDA will be given the trust to be involved directly in other development projects in Pahang,” he said.

By Bernama