Sarawak govt invites UDA to invest in Bintulu petrochemical hub

01 Sep 2020

Sarawak Chief Minister Datuk Patinggi Abang Johari Tun Openg today invited UDA Holdings Berhad (UDA) to invest in property development at the petrochemical hub in Bintulu.

He said the hub needs residential homes to accommodate more than 74,000 workers including expatriates who would be working and living there.

“In this regard, I am inviting UDA to see how they can participate and contact us if interested,” he said in his speech at the signing ceremony of a property development joint venture worth RM480 million between UDA and Sarawak Economic Development Corporation (SEDC) here.

The mixed development venture near Pending Heights industrial area here on a 5.1-hectare leased land, will include the construction of two 21-storey apartment blocks equipped with a gymnasium, swimming pool and playground, a 2-storey office shop and a 206-room hotel.

Meanwhile, Entrepreneur Development and Cooperatives Minister Datuk Seri Wan Junaidi Tuanku Jaafar said the mixed development is expected to boost the state’s economy in line with the efforts to accelerate its growth to become a developed state by 2030 as well as to facilitate property ownership among Bumiputeras.

Commenting on the invitation, UDA chairman Datuk Jalaluddin Alias in a press conference after the signing ceremony said, UDA would look into Abang Johari’s offer, but at the same time the focus would be on the property development project sealed today.

Source: Bernama Posted on : 01 September 2020