KUALA Lumpur Metro (KL Metro) Group wants to have a presence in the Middle East, to help expand its property development and hotel business.
KL Metro, which set up a branch office in Dubai in 2006, hopes to use it as a launchpad.
Managing director Datuk Low Tak Fatt told Business Times that the company will use it as a base to get buyers from the Middle East, India and Pakistan for its potential water home projects in the Gulf region.
"Majority of our buyers for our water homes in Port Dickson are from Qatar, Kuwait, Dubai, Bahrain, India and Pakistan and they have asked us to build similar properties in the Gulf," Low said.
He added that KL Metro is looking at a few options, which includes the possibility of developing and reclaiming land to carry out water home projects with the Arabs.
The company is looking at similar investments in Vietnam and China. Plans are still preliminary.
"We want to take our brand, 'The Hibiscus' overseas. We are looking to trademark it," Low said.
KL Metro, which started as an infrastructure construction company ventured into property development in 2003, to generate an additional income stream.
Its landmark project is "The Legend International Water Homes" development in Port Dickson, Selangor.
In Penang, KL Metro will launch its flagship water homes project dubbed "The Hibiscus", by mid-2010.
Worth more than RM250 million, it consists of 460 units of five-star water homes, built and lined up in the shape of a hibiscus flower on sea.
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