Tuesday, September 25, 2012

Naza TTDI awards RM556m expo centre job to Daewoo


By Sharen Kaur
sharen@nstp.com.my
Published in NST on September 25, 2012

The Naza Group has awarded a RM555.9 million contract to Daewoo Engineering and Construction Co Ltd to help develop the new Matrade Exhibition Centre in Kuala Lumpur.

TTDI KL Metropolis Sdn Bhd, a wholly-owned unit of Naza TTDI Sdn Bhd, the property arm of Naza Group is developing the exhibition centre.

Naza TTDI deputy executive chairman and group managing director, SM Faliq SM Nasimuddin, said Daewoo Engineering was awarded the contract due to its commanding track record of undertaking similar projects here and Korea.Daewoo Engineering has completed, among others, Menara Telekom, Jeju Convention Center, Incheon International Airport Passenger Terminal, Korean International Exhibition Centre and Menara KLCC 3.

In a statement issued yesterday, he said the superstructure works will commence next month and is slated to complete by mid-2015.

The foundation for the exhibition centre was completed last month.He said the exhibition centre would be the nucleus for Naza TTDI’s flagship KL Metropolis development, which is estimated to rake in some RM15 billion in gross development value.

With a gross floor area of one million sq ft, the centre would be the country’s largest exhibition area, placing Malaysia on the map as a preferred meetings, incentives, conferences and exhibitions) destination in the region.

He said more positive developments are expected at KL Metropolis, transforming the area into Kuala Lumpur’s international trade and exhibition district.

KL Metropolis will comprise residential and office towers and a regional retail centre.



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