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Ikhmas Jaya to be compensated


Ang: The company is cautiously optimistic given its track record and expertise in infra jobs.

Ang: The company is cautiously optimistic given its track record and expertise in infra jobs.

THE KL Metropolis, a 75.5 acres mixed-development project by Naza TTDI, may see a potential Chinese contractor taking part in its construction and financing, according to a source.

“Naza TTDI is working with a potential contractor from China for the construction of the entire project and this includes financing of the project as well,” the source says.

The project is said to have an estimated gross development value (GDV) of RM20bil, located at a sweet spot in the upmarket of prime residential and commercial centres such as Mont Kiara, Publika, Damansara Heights and Bangsar in Kuala Lumpur.

The potential Chinese partner surfaced after one of the contractors for a development within the project saw its contract terminated.

The action has raised many eyebrows, especially since the work was already 81% completed.

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Corporate News , Ikhmas , KL Metropolis