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Wednesday, February 20, 2008

Limitless wins deal to build halal park in Selangor

DUBAI-BASED real estate developer Limitless LLC said it has won a project to develop the Malaysia International Halal Park, the world's first Halal centre.

MIHAP, a 1,115 hectare mixed development project, Limitless' second project in Malaysia, will be located in Selangor.

From the total, about 800 hectares will be used to build residential units for about 200,000 people. The rest of the land will be used for food manufacturing plants, training and research centres, offices, entertainment and retail facilities, as well as parks and water features.

Construction will start by the end of this year and it should be done in eight years.

"MIHAP is a major milestone for Limitless and another golden opportunity for us to demonstrate our core skills of master planning and executing distinctive, large-scale projects.

"MIHAP is the result of extensive research and development work by our teams in Southeast Asia, who have worked closely with the Malaysian government from the beginning," said Limitless chief executive officer Saeed Ahmed Saeed.

MIHAP is an 80-20 joint venture between Limitless and a local investment company comprised Mihap Holdings and Perbadanan Kemajuan Pertanian Selangor.

By New Straits Times

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