Construction jobs for Harrods Hotel in KL awarded in H2 this year

The construction contracts for the Harrods Hotel here are expected to be awarded in the third or fourth quarter of 2013.

Estimated cost for hotel for the hotel and the integrated development is expected to be RM2bil.

In July 2012, StarBiz reported Malaysia could be home to the world's first Harrods Hotel under a RM2bil collaboration between Qatar Holding LLCand Jerantas Sdn Bhd.

The project, located on a 5.48-acre land between Jalan Raja Chulan and Jalan Conlay, would be one of the world's first three Harrods Hotel chain to be built. The other two on the drawing board would be in London and Italy.

The development would be a one-structure building housing the seven-star hotel, serviced apartments and some retail space. The hotel is designed to have 250 to 300 rooms but the capacity of the serviced apartment has not been decided.

Both Qatar Holding and Jerantas will fund the project evenly, with construction work slated to commence a year from now. Jerantas would be the sole developer.

Source