By Sharen Kaur
sharen@nstp.com.my
Published in NST on October 26, 2012
DAEWOO Engineering & Construction Co, South Korea's third-largest builder, has won a US$177 million (RM538 million) contract to build a large-scale commercial complex in Kuala Lumpur.
The contract was awarded by Damansara City Sdn Bhd (DCSB), a subsidiary of GuocoLand (Malaysia) Bhd, which in turn is the property arm of the Hong Leong Group.
This is the second job here for Daewoo E&C in over a month.
Last month, Naza TTDI Sdn Bhd, the property arm of Naza Group, awarded Daewoo E&C a contract worth RM555.9 million to build the new Matrade Exhibition Centre in Kuala Lumpur.
DCSB is developing Damansara City, a flagship integrated development of GuocoLand in Damansara Heights.
Damansara City is one of the key entry point projects under the Economic Transformation Programme to transform Malaysia into a high-income nation by 2020.
The development has been identified by the government as a key catalyst to drive rapid growth in Greater Kuala Lumpur/Klang Valley, which is one of the 12 National Key Economic Areas laid down in the 10th Malaysia Plan.
Damansara City entails the development of two Grade A office towers, two luxury condominium towers, a lifestyle mall and an international-class hotel.
The project, located adjacent to the Damansara Town Centre, will be developed on a prime freehold site of 3.4ha with a total development area of about 2.2 million sq ft.
Daewoo E&C said in a statement it will commence superstructure works next month and complete the entire scope by mid-2015.
sharen@nstp.com.my
Published in NST on October 26, 2012
KL LANDMARK: South Korean giant to begin superstructure works on commercial complex in Damansara next month
DAEWOO Engineering & Construction Co, South Korea's third-largest builder, has won a US$177 million (RM538 million) contract to build a large-scale commercial complex in Kuala Lumpur.
The contract was awarded by Damansara City Sdn Bhd (DCSB), a subsidiary of GuocoLand (Malaysia) Bhd, which in turn is the property arm of the Hong Leong Group.
This is the second job here for Daewoo E&C in over a month.
Last month, Naza TTDI Sdn Bhd, the property arm of Naza Group, awarded Daewoo E&C a contract worth RM555.9 million to build the new Matrade Exhibition Centre in Kuala Lumpur.
Damansara City is one of the key entry point projects under the Economic Transformation Programme to transform Malaysia into a high-income nation by 2020.
The development has been identified by the government as a key catalyst to drive rapid growth in Greater Kuala Lumpur/Klang Valley, which is one of the 12 National Key Economic Areas laid down in the 10th Malaysia Plan.
Damansara City entails the development of two Grade A office towers, two luxury condominium towers, a lifestyle mall and an international-class hotel.
The project, located adjacent to the Damansara Town Centre, will be developed on a prime freehold site of 3.4ha with a total development area of about 2.2 million sq ft.
Daewoo E&C said in a statement it will commence superstructure works next month and complete the entire scope by mid-2015.
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