KUALA LUMPUR: M101 Holdings Sdn Bhd has appointed China Railway Construction Corporation Malaysia Bhd (CRCC) as the main contractor for the development of M101 Skywheel, which has an estimated gross development value of RM2.2bil.
In a statement today, the company said M101 Skywheel, a project designed by Studio F.A Porsche, is headed for completion by 2021 and well on its way to becoming Malaysia's next iconic landmark.
M101 Chief Executive Officer, Datuk Seth Yap said with CRCC's diverse and close to seven decades of experience, M101 was confident that Skywheel is in good hands.
The 78-storey M101 Skywheel is strategically located in the heart of the Kuala Lumpur City Centre, giving the iconic development an unobscured view of the Kuala Lumpur City skyline.
It claims to be the world's first integrated development designed by Studio F. A Porsche, first in the world with Sky Ferries Wheel on the 53rd floor with the highest vantage point of 220 metres above the ground, world's first highest shopping experience with a SkyMall that extends from 50th to 52nd level with over 200,000 square feet of retail space and first in Asia with Planet Hollywood Hotel.
“M101 is championing property tourism as our core business strategy. Instead of building just another integrated development, we are building a branded development that fits the market's needs, and further elevate Malaysia's tourism industry.
“We have launched the project in Hong Kong, Taiwan, Indonesia, Singapore, China, Japan, South Korea, the Philippines, Brunei, Sri Lanka, and Bangladesh, and pleased to announce that it has been very well-received,” Yap said. - Bernama