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Friday, October 1, 2010

Glomac sees RM5bil GDV

PETALING JAYA: Glomac Bhd expects to generate RM5bil in gross development value (GDV) for its 14 to 16 projects in the next five to six years, said chief executive officer Datuk Fateh Iskandar Mohamed Mansor.

“All the projects will be in greater Kuala Lumpur, except one in Johor,” he told reporters after the company’s AGM yesterday.

Of the amount, he said, Glomac’s township project was expected to generate RM1bil in GDV while the rest will come from its commercial buildings.

By Bernama

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