PETALING JAYA: Putrajaya Perdana Bhd, which has signed a memorandum of understanding (MoU) with Abu Dhabi-based Aldar Properties PJSC to undertake the construction, design and consultancy works of node 1 of the Iskandar Development Region (IDR), is set to see its order book rise substantially from March should the development take off then.
Aldar is the master development manager for node 1 of the IDR, where three Middle Eastern consortia – Mubadala Development Co, Kuwait Finance House and Mellenium Development International Co – have committed a total investment of US$1.2bil.