UEM Sunrise, KLK in RM20bil joint Iskandar venture

Lee (left) and Izzaddin exchanging the MoU agreement.

KUALA LUMPUR: UEM Sunrise Bhd and Kuala Lumpur Kepong Bhd (KLK) are pooling their resources to develop 3,000 acres of each other’s landbank in Johor’s Iskandar Malaysia with a total gross development value (GDV) of RM20bil.

This marks plantation giant KLK’s maiden foray as a property developer in Iskandar Malaysia, but it is the second such project for the company’s chief executive officer, Tan Sri Lee Oi Hian.