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WITH RM350mil investment in, and ownership of, Kuala Lumpur#039;s latest 5-star hotel The Westin, Kuala Lumpur, Ireka Corporation Bhd has taken a firm step into the leisure and hospitality sector and adding to its involvement in construction, property development and e-commerce.
IREKA Corp Bhd#039;s 60%-owned unit Ireka-Charng Sheng Development Sdn Bhd has signed an agreement with the Sandakan Town Council to develop a RM200mil property project in the Sabah town.
Work on the RM240mil Sandakan Harbour Square project formally started Wednesday, less than two years after it was first proposed. An official ceremony at a jetty near the existing central market at the waterfront signalled the start of demolition, site clearance, site reclamation and construction of seawalls.