Naza-SMG pact leads race to operate Mitec


New landmark: An artist’s impression of Mitec. It is projected that the convention centre could deliver RM174mil in economic impact to the country’s gross domestic product per annum.

PETALING JAYA: The Naza group and international venue management company SMG Europe Holdings Ltd are said to be in the running to become the operator of the Malaysia International Trade and Exhibition Centre (Mitec).

Sources said that Naza Corp Holdings Sdn Bhd officially put in a bid in July to run the centre through its subsidiary Prisma Galeri for the concession that could run up to 20 years.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Naza , KL Metropolis , Mitec , Matrade , MICE , SMG

Next In Business News

Ringgit likely to trade cautiously next week ahead of key US data
Watts from water
Singapore’s financial sector a big winner
Up in Arms - or up the value chain?
Asia bonds for diversification
Smart city can’t beat the traffic
Powering a new reinvestment cycle as demand surges
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read