MRCB, Kwasa Land firm up JV to build a town centre in RRI land

From left: Samsudin, Kwasa Land managing director Mohd Lotfy Mohd Noh, MRCB group managing director Tan Sri Mohamad Salim Fateh Din and MRCB chairman Tan Sri Azlan Zainol.

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) and Kwasa Land Sdn Bhd, the master developer of the Rubber Research Institute (RRI) land in Sungai Buloh, firmed up a joint venture to develop 26ha that would be the town centre for the massive development.

MRCB and Kwasa Land, which is wholly owned by the Employees Provident Fund (EPF), established a joint-venture company, Kwasa Development Sdn Bhd (KDSB), which would undertake the project that is estimated to have RM8bil in gross development value.