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Thursday, November 25, 2010

JV to develop RM700m township

KUALA LUMPUR: Syarikat Majuperak Bhd, a wholly-owned unit of Majuperak Holdings Bhd, has teamed up with Xtreme New Sdn Bhd to develop a mixed township worth RM700mil in Batu Gajah, Perak.

Its chairman, Datuk Seri Raja Ahmad Zainuddin Raja Omar, said the project, involving about 240 ha, was expected to be completed within 10-15 years.

For a start, the company plans to develop a theme park with foreign companies, he said at the joint-venture signing ceremony between both companies here yesterday.

He said currently, the company was in talks with several foreign companies from Australia and China to develop the theme park.

The talks are expected to be concluded in a couple of weeks, he said.

Raja Ahmad Zainuddin said the ground-breaking ceremony was expected to be held early next year.

By Bernama

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