July 05, 2011 16:00 PM
Developer Expects Arab City Melaka To Be Ready By Year-end
KUALA LUMPUR, July 5 (Bernama) -- Golden Corporate Heritage Sdn Bhd, the developer of Arab City Melaka, expects the project with a gross development value of RM75 million to be completed by year-end.
Its director, Dr Salim N. Al Gudhea, said the project, located at Pulau Melaka, Melaka, started in January this year and is currently 68 per cent complete.
"Arab City is an opportunity for business growth and retail positioning. With over 123 retail spaces for lease, the project will certainly provide good business prospect for us," he told reporters after signing an agreement with Benalec Sdn Bhd here, Tuesday.
He added that the soft launch of Arab City would be around January next year while its targeted opening for the public will be in March.
Meanwhile, under the agreement today, Benalec, an integrated marine construction solution provider, will develop the Arabian Oasis, a recreation centre, on a 1.62 hectares reclaimed land at the sea front of Arab City.
The "oasis" is expected to be completed in 16 weeks.