UEM Sunrise to invest RM215mil in JV with WCT

It’s a deal: Anwar (2nd from left ) exchanging documents with WCT Holdings MD Taing Kin Hwa to mark the collaboration to develop 608 acres in Hulu Selangor. Looking on are (from left): UEM Sunrise commercial chief operating officer Raymond Cheah, UEM Sunrise chairman Tan Sri Dr Ahmad Tajuddin Ali, WCT chairman Datuk Ahmad Sufian and WCT executive director Choe Kai Keong.

KUALA LUMPUR: Property developer UEM Sunrise Bhd is investing RM215mil in a joint venture (JV) with WCT Holdings Bhd to develop a new RM3bil township outside Kuala Lumpur.

The project will be launched in 2017.