Tuesday, March 11, 2008

UDA seeking investment opportunities in IDR

Tourism, hotels and transportation are among the sec-tors that UDA Holdings Bhd is eyeing for investment in the Iskandar De-velopment Region.

Entrepreneurial and Cooperative Development Minister Datuk Mo-hamed Khaled Nordin said, being an agent under the ministry, UDA played an important role in ensuring job and business opportunities for bumiputras.

“There are plenty of opportunities, as investments worth RM382bil are expected to pour in, generating 1.5 million job opportunities in the region by 2025,” he said, adding that the population in the region would have increased to three million then, from 1.4 million currently.

Other sectors identified by the Government in the region were education, medicine and logistics, Mo-hamed Khaled told reporters after the handing-over of the RM700,000 Jubli Perak Hall to Yayasan Masjid Jamek Bandar Baru UDA here yesterday.

He added that a double-storey shoplot worth RM450,000 was also given free. And, apart from that, two apartment units in the area worth RM98,000 each were sold by UDA to the mosque at a huge discount of RM40,000 each.

UDA Holdings Bhd managing director Datuk Jaafar Abu Hassan said the multi-purpose hall, which was built in 1999, complemented other infrastructure in the housing area.

Source : STAR
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