MELAKA: Mydin Mohamed Holdings Bhd will build a RM67 million wholesale hypermarket in March in Bandar Jasin Bistari. This will be the company’s fourth outlet in Melaka.
Managing director, Datuk Ameer Ali Mydin said construction of the project will start in March 2010. Continued confidence in the peoples' purchasing power has prompted the investment, he said, adding that the state government was offering various incentives to lure investors to turn Melaka into a shoppers’ paradise for tourists.
"The hypermarket will be ready for commercial operations in May 2011, providing business opportunities for local retailers," he told reporters here on Dec 30 after a signing ceremony for the purchase of the project land from the Melaka Customary Lands Development Corporation (Pertam).
Melaka Chief Minister Datuk Seri Mohd Ali Rustam witnessed the signing of the agreement between Ameer, who signed on behalf of his company. Pertam was represented by its Deputy Chairman Datuk As'ari Ibrahim.
Ameer said Mydin's biggest hypermarket was now operating at the Melaka International Trade Centre (MITC), generating a monthly turnover of RM18 million. The other two Mydin outlets in Melaka are operating at Melaka Sentral.
Meanwhile, the Bandar Jasin Bistari hypermaket is expected to cater for consumers as far as Muar and Tangkak and will be Mydin's 48th outlet in the country. It will provide employment for about 280 people.--Bernama
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