Oriental Interest unit to jointly develop mixed project with RM2.15bil GDV

KUALA LUMPUR: Oriental Interest Bhd’s wholly-owned subsidiary, OIB Properties (KV) Sdn Bhd (OIBKV) and Kedah State Development Corporation (PKNK) have agreed to jointly develop a 484.11-hectare land in Kuala Muda into a mixed development project comprising commercial and residential buildings with a gross development value (GDV) of RM2.15 billion.

OIBKV and PKNK had entered into an agreement on March 8, 2023 to undertake the joint development, Oriental said in a filing with Bursa Malaysia today.