Malaysian starts RM9.25bil project in Jinan

Working hard: Lim (sitting under the Farlim letters on the right) at a briefing on Asean International Eco-City.

JINAN (China): Malaysian tycoon Tan Sri Lim Gait Tong has started construction work on a planned 15bil yuan (RM9.25bil) integrated property project in Qihe, a north-west satellite town of Jinan, the capital city of Shandong province.

The first phase of this cultural and touristic project, which has been named Asean International Eco-City, was launched in March. This phase of development is ex­­pected to cost 2.5bil yuan (RM1.5mil).