Megaprojects must incorporate culture, civilisation and new technology—PM
"A Madani nation must always be attentive and close to the people, otherwise Madani is nothing more than a slogan.
"A Madani nation must always be attentive and close to the people, otherwise Madani is nothing more than a slogan.
"What is the point of this development if the local people cannot enjoy it.
The project is expected to generate between 8,000 and 9,000 jobs during construction and over 10,000 jobs upon completion, driving opportunities across construction, services, logistics and commerce.
He said the conditions include proving the funding source, submitting environmental, social and traffic impact assessment reports, and securing approvals from the state government and local councils.
The group on Friday inked an agreement with Ipoh Sentral Sdn Bhd (ISSB), following the memorandum of agreement signed between the parties in January, according to a bourse filing.
The company is exploring local and international project-based sales, potentially through partnerships with developers.
The development features 1,000 units spread across three 26-storey blocks and one 27-storey block, with built-ups ranging from 900 sq ft to 1,959 sq ft.
The transit-oriented development project will add 19% to MRCB’s total remaining gross development value (GDV), for it to reach RM38.
The 18-storey commercial complex comprises 271 hotel rooms, offices, restaurants, cafes, function rooms, banquet halls and swimming pools.
The development will include affordable housing, hotel, commercial, green spaces, and educational institutions.