Dr Mohd Afzanizam Abdul Rashid said the higher local participation in the project bodes well for the construction-related sector as the local contractors would stand to benefit.
The ex-Prime Minister has gone to court to face seven charges over the misappropriation of RM42 million from SRC International Sdn Bhd, a former subsidiary of 1MDB.
The news pulled its share price down near 4% from RM1.30 to settle at RM1.25 last Friday.
The 1QFY19 core net income was 163.9% higher year-on-year, mainly due to higher contributions from joint ventures (JVs) and positive ones from associates.
The land in a matured area with established neighbourhoods of Old Klang Road, Sri Petaling, Bukit Jalil and Salak South is just 800m to the Taman Naga Emas mass rapid transit station and 1.1km from the Kajang Dispersal Link Expressway and New Pantai Expressway.