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DPMM to develop 'Asean Trade Centre' project with RM5b GDV in JB

KUALA LUMPUR (May 9): The Malay Chamber of Commerce Malaysia (DPMM) plans to undertake a mixed development project with a gross development value of RM5 billion in Johor Bahru, its president Syed Ali Alattas said.

The development of the "Asean Trade Centre" project would be carried out on a 16-hectare piece of land along Pantai Lido which belongs to DPMM.

"The project will take three years to complete and construction works will start once all relevant authority approvals are secured," Syed Ali told reporters here on Wednesday.

The project would rejuvenate the area with economic activities and transform Pantai Lido into a vibrant city in the future, he said.

Among the properties in the mixed development project will be commercial, retail and residential units. — Bernama

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