View Full Version : KUALA LUMPUR | MATRADE Exhibition and Convention Centre Developments News
November 18th, 2009, 04:02 AM
MICE industry boost
By Rupa DamodaranPublished: 2009/11/18
The government, through a private financing initiative, is partnering Naza TTDI KL Metropolis Bhd to build the country's largest exhibition and convention centre in Kuala Lumpur.
The RM628 million premier convention centre, which will take the shape of a rubber seed, will be known as Matrade Centre, as it will be sited next to the existing Menara Matrade on Jalan Khidmat Usaha, off Jalan Duta.
Slated for completion in 2014, the groundbreaking ceremony is expected to take place in the first quarter of next year.
A privatisation agreement was signed between the government and Naza TTDI yesterday, witnessed by International Trade and Industry Minister Datuk Mustapa Mohamed.
Mustapa said the government is providing a land swap in the project for the centre.
"It has been estimated that in 10 years, the whole project would create a GDV (gross development value) of RM15 billion," he told a media briefing after the signing ceremony in Kuala Lumpur yesterday.
He said Malaysia currently lags behind neighbouring countries in developing its meeting, incentive, convention and exhibition (MICE) industry, but as a trading nation it needs to enhance export promotion activities.
"We have been promoting MICE in the past but we were constrainted from going for large-scale conferences of 5,000 to 10,000 participants due to space limitation."
Located along Jalan Duta, the proposed 1 million sq ft centre will be linked to Menara Matrade, and will offer a suitable venue to host major heavy industries and advanced technology exhibitions.
It will fulfil demand for ongoing events such as the Defence Services Asia Exhibition and Conference, the Malaysian International Furniture Fair, the Malaysia International Halal Showcase and the International Trade Fair Malaysia.
"Built to international standards and specifications with state-of-the-art facilities, it will further strengthen Kuala Lumpur as the choice MICE destination in the region," said Mustapa.
Naza TTDI Sdn Bhd chairman SM Nasarudin SM Nasimuddin said several architects, including international ones, are currently bidding for the masterplan to develop the 5.24ha site, which will include hotels and shopping malls.
Its three floors of exhibition hall will have a column free space of 30m to 60m wide.
On financing, he said, it will be internally sourced and tapped from domestic banks.
Malaysia External Trade Development Corporation (MATRADE)
Vision: Positioning Malaysia As A Globally Competitive Trading Nation
Mission: Promoting Malaysia's Enterprises To The World
Malaysia External Trade Development Corporation (MATRADE), was established in March 1993 as a statutory agency under the Ministry of International Trade Industry (MITI).
As Malaysia’s national export promotion agency, MATRADE is responsible for assisting Malaysian companies succeed in the international market. MATRADE’s vision of making Malaysia the premier exporting nation is paired with its mission to develop and promote Malaysia’s exports to the world.
MATRADE serves to promote Malaysia’s external trade with particular emphasis on the export of manufactured and semi-manufactured products and services. In addition, MATRADE formulates and implements export marketing strategies and trade promotion activities to increase Malaysia’s exports, undertake market research, and create a comprehensive database of information for the development and improvement of Malaysia’s trade. MATRADE also organizes training programs to enhance the international marketing skills of Malaysian exporters, promote and assist in services related to trade, and protect Malaysia’s international trade interest abroad.
Official Website: http://www.matrade.gov.my/
November 18th, 2009, 04:05 AM
Matrade Centre Set To Boost Malaysia's MICE Industry
November 17, 2009 18:10 PM
From left: S.M. Nasarudin S.M. Nasimuddin, Datuk Mustapa Mohamed and
Deputy International Trade and Industry Minister Datuk Mukhriz Mahathir
viewing a miniture model of the Matrade expo centre.
KUALA LUMPUR, Nov 17 (Bernama) -- The RM628 million Matrade Centre in Jalan Duta here, is expected to place Malaysia as one of the fastest growing Meetings, Incentives, Conventions, Exhibitions (MICE) destinations in the region.
The Minister of International Trade and Industry Datuk Mustapa Mohamed said upon completion, it will become the largest exhibition centre in Malaysia.
The project is being undertaken by Naza TTDI Sdn Bhd.
"The Matrade Centre will boost our presence in the MICE industry, which is currently lagging behind a bit, compared to some countries," Mustapa said at the signing of an agreement between the Malaysian government and Naza TTDI here today.
He said the Matrade Centre definitely had vast potential to draw more world-class players from the international convention industry to Malaysia.
He said the centre with a total gross floor area of one million square feet is able to cater to large exhibitions in a single location.
"The Matrade Centre will create a new iconic development for the country," he stated.
The Matrade Centre is expected to be completed within the next three years and will comprise three floors of exhibition space to cater to 12 exhibition halls.
Meanwhile, Naza TTDI Sdn Bhd chairman, SM Nasarudin SM Nasimuddin said the Matrade Centre will be conveniently linked to the existing Menara Matrade.
"It will offer the country a suitable venue to host major heavy industries and advanced technology exhibitions, in line with the government's vision to elevate Malaysia to the status of a regional hub for trade fairs, exhibitions and conventions," he added.
He said construction of the centre is expected to start in the first quarter of next year.
Apart from having the three floors of exhibition space, the centre will also house a multi-purpose hall, plenary hall, meeting rooms and display areas.
According to SM Nasarudin,besides building the Matrade Centre, Naza TTDI is also planning to construct a mixed development project surrounding it.
He said the project is on a 65-acre site leased by the goverment for 99 years to the company, in return for constructing the Matrade centre.
The mixed development project comprising hotels, offices, residences and shopping malls has a gross development value (GDV) of RM15 billion, spanning a 10-year period.
November 19th, 2009, 07:12 AM
New Matrade exhibition centre
Naza undertakes RM628m project to be completed in 2014
Ee Ann Nee Wednesday, November 18th, 2009 06:32:00
THE Malaysia External Trade Development Corporation Centre at Jalan Duta is expected to become Malaysia’s largest
exhibition and convention centre when ready in five years time.
Set to be conveniently linked to the existing Menara Matrade, the Centre will offer the country a world-class exhibition venue — thus elevating Malaysia as a regional hub for international trade fairs, exhibitions and conventions.
The RM628 million project, undertaken by Naza TTDI Sdn Bhd, is scheduled for construction in the second quarter of next year and it’s completion is due in 2014.
Minister of International Trade and Industry Datuk Mustapa Mohamed said the development of the Matrade Centre fulfills Matrade’s needs for bigger facilities to host international and local events.
He said Malaysia is lagging behind many countries in terms of hosting meetings, incentives, conventions
and exhibitions (MICE) and the city is in need of excitement and buzz to spur economic growth.
“This will contribute to Malaysia becoming an epicentre for MICE activities in Southeast Asia. The Matrade Centre, with its stateof- the-art facilities, would further strengthen Malaysia’s position as the choice MICE destination in the region,” he said at the Matrade Centre signing ceremony (privatisation agreement) between the Government and Syarikat Tanah dan Harta Sdn Bhd with TTDI KL Metropolis Sdn Bhd yesterday. Mustapa added that the Matrade Centre is an iconic development for the MICE industry, following the establishment of exhibition centres such as the Putra World Trade Centre, the Kuala Lumpur Convention Centre and the Sime
Darby Convention Centre.
The Government was supportive of the MICE industry and will continue to give priority to the industry as it contributes substantially to the Malaysian economy, particularly in the tourism and trade sector.
“The development of the Matrade Centre will be one of the benchmarks for the public-private partnership initiatives. This is one way to drive the nation towards a high-income economy.”
The one million sq ft Matrade Centre will contain three floors of exhibition space with 12 exhibition halls.
Sitting on an 5.3ha land, the Matrade Centre caters to large space exhibitors and the heavy industries. The centre’s exhibition hall will have a large clear columnfree span, a clear ceiling height between nine to 12 metres, and a floor loading of maximum five tons per sq metre.
The Matrade Centre will also house an auditorium with a capacity of 1,230 persons, a multi-purpose hall, several meeting rooms and display areas. There will also be VIP rooms, restaurants, a central kitchen and ticket counters.
Naza TTDI Sdn Bhd chairman, SM Nasarudin SM Nasimuddin said green buiding initiatives will also be a key element in the construction of the centre.
“The centre will incorporate a variety of mixed innovations to create a natural setting in harmony with the tropical natural environment of the country,” he said.
Nasarudin added that a mixed development project for shopping malls, offices, hotels and residences to be built around the Matrade Centre is among the plans. The project is to be carried out with a 26.3ha land swap with the government for 99 years.
A gross development value of RM15 billion is expected over 10 years.
November 19th, 2009, 01:12 PM
November 20th, 2009, 10:38 PM
Jetson: UMA could be linked to Naza-Matrade project
by Joseph Chin TheEdgeDaily 13 November 2009
KUALA LUMPUR: Kumpulan Jetson Bhd believes the recent unusual market activity (UMA) involving its securities could be due to public speculation over the privatisation of a project by the Malaysia External Trade Development (Matrade) to the Naza Group.
"... whereby the market may had linked the Naza Group to Jetson Group by way of common shareholders," said Jetson, in reply to the Bursa Malaysia Securities query at midday on Friday, Nov 13.
The company said after making due enquiry with the board of directors and major shareholders (except Sheikh Mohd Faliq Sheikh Mohamad Nasimuddin Kamal who was not contactable at the moment), there is "no material corporate development not previously disclosed".
November 25th, 2009, 08:22 AM
November 25th, 2009, 10:08 PM
From Malaysian forum
November 26th, 2009, 12:10 AM
November 26th, 2009, 04:06 AM
MATRADE CENTRE PROJECT SET TO BE NEW METROPOLIS, DEWAN RAKYAT TOLD
Bernama - Thursday, November 26
KUALA LUMPUR, Nov 25 (Bernama) -- The construction of the Matrade Centre in Jalan Duta here can help boost the price of land in the area as well as create employment opportunities, the Dewan Rakyat was told today.
International Trade and Industry Minister Datuk Mustapa Mohamed said the project, being developed by Naza TTDI Sdn Bhd, would establish a new metropolis similar to the development of the Petronas Twin Towers in the heart of the city.
"Opposition allegation that the project was unprofitable was unfounded because the government has been monitoring it closely since it was proposed in March 2007," he said when winding up debate on the 2010 Supply Bill at committee stage for his ministry.
During the debate, several MPs including Tony Pua (DAP-Petaling Jaya Utara) said the centre was a wasteful project because the country had many under-utilised exhibition and convention centres.
The project, located on 65 hectares, is expected to be completed in the next three years and will have a three-level exhibition area offering 12 exhibition halls.
PARLIAMENT-WINDUP (MITI) 2 KUALA LUMPUR
The centre will also have a multipurpose hall, a plenary hall, meeting rooms and display areas.
Mustapa said one other benefit of the project was that the area would become a tourist draw whereby the Matrade Centre would become an icon or brand which could be promoted worldwide.
On another matter, the minister said that from next year the government would conduct audit twice annually on all AP (Approved Permit) holders to ensure that the individuals or companies fulfilled conditions such as having showrooms and engaging in the business of selling cars.
"The audit will be carried out until the government totally abolished the issuing of APs in 2015," he said.
He also explained that the abolition of APs would not be in December next year as earlier proposed by the government so as to enable all holders to prepare to be self-reliant.
PARLIAMENT-WINDUP (MITI) 3 (LAST) KUALA LUMPUR
"We should give time to those who have invested tens of millions of ringgit hoping that APs would be issued indefinitely. We have to be fair to them," he said.
The Dewan Rakyat will sit again on Monday.
HAZ MOK MGN
November 26th, 2009, 11:36 AM
November 29th, 2009, 05:53 PM
Malaysia External Trade Development Corporation (MATRADE)
MATRADE’s mission is to develop and promote Malaysia’s export to the world and its functions are:
- To promote, assist and develop Malaysia’s external trade with particular emphasis on the export of manufactured and semi-manufactured products and, on a selective basis, imports;
- To formulate and implement a national export marketing strategy to promote the export of manufactured and semi-manufactured products;
- To undertake commercial intelligence and market research and create a comprehensive database of information for the improvement and development of trade;
- To organise training programmes to improve the international marketing skills of the Malaysian exporters;
- To enhance and protect Malaysia’s international trade interests abroad;
- To represent Malaysia in any international forum in respect of any matter relating to trade;
- To develop, promote, facilitate and assist in service areas related to trade; and
- To advise the Government on matters affecting or in any way connected with trade and to act as the agent of the Government or for any person, body or organisation on such matters.
December 11th, 2009, 07:18 AM
Naza TTDI to build iconic tower
By Vasantha Ganesan and Presenna Nambiar
The iconic tower on a 25ha site near the proposed Matrade Centre could even be higher than 100 storeys b
Naza TTDI Sdn Bhd, property arm of the Naza group, will build an iconic tower on a 25ha site near the proposed Matrade Centre in Kuala Lumpur, but is yet to finalise the height.
Group managing director SM Faliq SM Nasimuddin suggested that the building could even be higher than 100 storeys.
However, much will depend on the amount of investments it can secure.
Buildings of such height could cost up to 50 per cent more than an average high-rise.
SM Faliq was confirming a recent New Straits Times report that it was one of three developments expected to house iconic structures in Kuala Lumpur.
The other developments slotted for the iconic structures are believed to be Permodalan Nasional Bhd's (PNB) 7.2ha project surrounding Stadium Merdeka and Pelaburan Hartanah Bumiputera Bhd's (PHBB) site at Dataran Perdana.
Currently, the country's highest building is the 88-storey Petronas Twin Towers.
"The master plan (for the 25ha area) is yet to be finalised. It should be completed by early next year," SM Faliq said after the launch of Naza Talyya's newly refurbished hotels in Kuala Lumpur yesterday.
"No matter what the height, the structure will be a green building," he added.
The company is expected to hold a press conference on its developments sometime next week.
Four international firms are working on the master plan for the 25ha development near Jalan Kuching, which includes the RM628 million Matrade Centre, deemed to be the largest exhibition and convention centre in in the country.
PNB did not respond to queries sent to its communications team.
However, a source said PNB had managed to secure the approval of Prime Minister Datuk Seri Najib Razak for its proposed iconic development.
Sources said the third site, to be developed by PHBB, was expected to house a 50-storey building although a much taller one had been planned initially.
Meanwhile, news of the proposed iconic structures have triggered a backlash from some property players in the country.
Property tycoon Datuk Tan Chin Nam said building 100-storey office structures could cause a glut in office space and leaving the buildings empty subsequently would mean non-income producing space.
"Why do we need to go for high-rise when we have land? The money could be put to better use," said Tan, patriarch of the Tan family which controls IGB Corp Bhd.
He suggested that a forum or discussion be held before the developers went ahead with such large-scale projects.
December 13th, 2009, 06:04 PM
Building-for-land deal with a slightly different model
12 December 2009
ABOUT three weeks ago, Naza TTDI Sdn Bhd surprised the market when it announced it was going to build a RM628mil expo centre for the Government in exchange for 65 acres of state land in Jalan Duta, Kuala Lumpur, in the vicinity of the Malaysia External Trade Development Corp (Matrade).
The total gross development value (GDV) of all the projects on that piece of land comes up to RM15bil. The announcement set tongues wagging among politicians, developers, analysts and property consultants. How did the Naza group land the deal? Did they get the 65 acres for a song? Shouldn’t there be an open tender for the project? Is the timing right, even amid the soft property market?
There are many questions and Naza TTDI group managing director SM Faliq SM Nasimuddin will attempt to answer them when he calls for a press conference, likely to be next week.
The Naza group is headed by Faliq and his brother, SM Nasarudin SM Nasimuddin. They have some very prominent projects, the KLCC Platinum Park being one of them.
They have other developments, residential and commercial, in Ampang, Shah Alam, Kajang and Taman Tun Dr Ismail. The group, however, is best known for its automotive business.
The Government has said that the Naza project is a public-private partnership (PPP). But what exactly constitutes a PPP?
A check on the Internet brings up this example – a PPP is a contract between a public sector authority and a private party where both parties enter into an agreement in which the private party provides public service and assumes substantial financial, technical and operational risks.
A PPP can be between the government and one or more private sector companies, which come together to form a consortium, according to Wikipedia. The consortium may have different functions, but they have one single objective.
In the case of the Naza project, that single objective should be to develop this 65 acres into the form, shape and function that will meet the criteria of the government, with the benefits to be accrued to the community at large.
A PPP takes into consideration the larger community and how a project can benefit them. It is not to the profit of a single entity or company.
Kumar Tharmalingam, chairman of Hall Chadwick Asia Sdn Bhd, says Naza’s building-for-land deal is a PPP, but with a slightly different model.
“The Government is not providing any financial undertaking other than that piece of land. All the expertise and financing is from the private sector,” he says.
“Instead, the Government acts as a facilitator or enabler by giving a list of approvals – from the master plan, to the building approvals to re-zoning.
“Naza will have to find people to develop and build the different components. They will have to sell the place, or find people to occupy all those projects around the convention centre. So in that context, all the Government does is give them planning approvals.”
As Matrade will get the expo centre, the Government will have to maintain it. Kumar says in some ways, the Government is turning away from the old style of doing things.
“It is not giving any guarantees,” he says. He cites the North-South Expressway concession, in which the Government had to provide a guarantee to Projek Lebuhraya Utara-Selatan (PLUS) on traffic volume in return for PLUS taking on the job.
“The Government does not need to guarantee that the buildings on that 65 acres will be filled, or how these buildings will come into existence. That is Naza’s responsibility. So in this sense, we are moving one big step forward,” says Kumar.
On the Government being handed a convention centre, Kumar says that should not be an issue as Matrade can give it to someone else to run and operate.
He does not share the view that such a development may be unnecessary. “There is something about convention centres. People will use it after it is built. The Kuala Lumpur Convention Centre is very popular because it is well located, managed and marketed,” he argues.
He says an important point that most observers have missed thus far is that the components that make up the master plan has to feed the expo centre. “All the components on that 65 acres have to complement the expo centre. So the onus is on Naza,” he adds.
A source, who declined to be named, says it will be a challenge for Naza to make a success of the huge project. “It will have to get the master plan right. If it pulls this one off, it will elevate the group to another level as a developer,” he says.
PPPs exist throughout the world in different forms. In some types of PPPs, the cost of using the service is borne exclusively by the users of the service and not by the taxpayer. A mass transport system is one example. In this case, the user may be a taxpayer also.
In other types of PPPs, the capital investment is borne by the private sector on the strength of a contract with the government to provide agreed services, and the cost of providing the service is borne wholly or in part by the government.
The government contributes to the contract by transferring certain existing assets into the partnership. In this particular case, that government asset would be the 65 acres of state land located behind Matrade.
Because the RM628mil expo centre will be turned over to Matrade on completion, this effectively means Matrade will be going into a new business.
December 23rd, 2009, 08:02 AM
Kumpulan Jetson, TTDI KL Metropolis to jointly develop Matrade Centre and Naza KL Metropolis
By Siti Radziah Hamzah of theedgeproperty.com
Tuesday, 22 December 2009 20:18
KUALA LUMPUR: Kumpulan Jetson Bhd (KJB) and TTDI KL Metropolis Sdn Bhd (TKLM) have entered into a shareholders’ agreement to facilitate the joint venture agreement between them to carry out the planning, design, and construction including interior design work for the new Matrade Centre on Jalan Duta, Kuala Lumpur.
The joint venture will also develop a land in Kuala Lumpur, which will be transferred to TKLM in exchange for Matrade Centre. TKLM is a wholly owned subsidiary of Naza TTDI Sdn Bhd.
In a filing to Bursa Malaysia on Dec 22, 2009, KJB said it has expressed interest to participate in the venture jointly with TKLM via a special purpose vehicle to be known as TTDI Jetson Sdn Bhd.
KJB and TKLM will subscribe for 49% and 51% equity interest in TTDI Jetson respectively pursuant to the proposed shareholders’ agreement,” it said.
The total capital and investment outlay by KJB in relation to the ventures is expected to be funded internally via generated sources, proceeds from fund-raising exercises undertaken by the company and/or borrowings.
Upon obtaining the approval from the shareholders of KJB for the proposed shareholders’ agreement, TTDI Jetson and TKLM shall then enter into a development agreement to appoint TTDI Jetson as the developer to plan, design, construct including interior design of the Matrade Centre.
It will also be granted the exclusive right to develop the exchange land into a mixed development provisionally as Naza KL Metropolis Development.
Once completed, the Matrade Centre would be the largest exhibition centre in Malaysia, and is believed to be a new iconic development for the country.
The board expects the proposed shareholders’ agreement to be implemented not later than the first quarter of 2010.
December 24th, 2009, 05:35 AM
Expo centre a start for Naza in iconic projects
By ANGIE NG
The Star Biz Thursday December 24, 2009
An artist's impression of the Matrade Centre in Kuala Lumpur.
PETALING JAYA: Naza TTDI Sdn Bhd is expanding its property business and building its brand image by venturing into more iconic projects in Kuala Lumpur and other parts of the country.
The construction of Malaysian External Trade Development Corp (Matrade) Centre building, located off Jalan Duta, will pave the way for such projects by the company.
The Naza group, well known for its automotive business, has a number of prominent projects including the KLCC Platinum Park and other residential and commercial developments in Ampang, Shah Alam, Kajang and Taman Tun Dr Ismail.
Last November, Naza TTDI signed a privatisation agreement with the Government and Syarikat Tanah dan Harta Sdn Bhd to build the Matrade Centre in exchange for 62.45 acres of prime land in Mukim Batu, off Jalan Duta, Kuala Lumpur.
The exhibition building will have a gross floor area of one million sq ft.
According to a company spokesman, construction of the Matrade Centre is expected to begin in the second quarter next year with completion scheduled for 2014.
He said the centre, with three floors to house 12 exhibition halls, would be linked to the existing Menara Matrade building.
Phase one of the project will comprise a 90,000-sq-m expo centre on 13.1 acres that is set to be the largest exhibition and convention centre in the country.
It will consist of the main exhibition centre, multi-purpose hall, auditorium, meeting rooms and display arena. There will also be a hotel, shopping mall and office tower.
On Tuesday, Kumpulan Jetson Bhd and TTDI KL Metropolis Bhd, a wholly-owned subsidiary of Naza TTDI Sdn Bhd, entered into a shareholders agreement to facilitate a joint-venture arrangement to plan, design and construct the Matrade Centre.
Kumpulan Jetson said in a note to Bursa Malaysia that a special-purpose vehicle – TTDI Jetson Sdn Bhd – would be set up, with Kumpulan Jetson and TTDI KL taking up 49% and 51% stakes respectively.
Besides the Matrade Centre, it will also develop the 62.45 acres which will be transferred from the Government to TTDI Metropolis in exchange for building the expo centre.
The mixed development, provisionally known as Naza KL Metropolis Development, will be developed over 15 to 20 years and will have a gross development value of RM15bil.
Based on a preliminary projection, the total project costs for the Matrade Centre is RM628mil.
It is understood that the company is talking to potential investors in the hotel and retail sectors.
December 25th, 2009, 06:46 PM
when it finish?
doesnt look great,not futuristic,not icon design and not eye catcy
honestly i dont like that design
January 12th, 2010, 09:05 AM
M’sia can bank on its strategic niche in MICE
by Ghaz Ghazali January 12, 2010, Tuesday
KUCHING: Malaysia continues to seek opportunities in capitalising on the growing MICE (meetings, incentives, conferences and exhibitions) segment of the global travel industry, building on its already strong tourism-brand recognition and a new generation of purpose-built facilities.
Economic and market intelligence firm Oxford Business Group (OBG) posted this in its latest online business briefing, adding that Malaysia has already established itself in the international MICE tourism segment.
According to OBG, the country was ranked at number 32 in the world by International Convention and Conference Association (ICCA) in its 2008 report on the meetings market, having drawn more than 80 such events. Kuala Lumpur fared even better on the ICCA’s city ladder, being placed on the 27th place last year as the venue for 61 MICEs.
Nevertheless, OBG observed that Malaysia is gearing up to improve its standing, both by further promoting its MICE potential and increasing several venue options on offer. In the middle of November last year, the government announced it had made a deal with TTDI KL Metropolis Sdn Bhd (TTDI Metropolis), which is a unit of the Naza Group, to develop a new exhibition and convention centre in Kuala Lumpur specifically targeting large-scale MICE events.
Phase-one works on the Malaysian External Trade Development Corporation (Matrade) Centre, which will comprise a 93,000 square-metre expo centre on 13.1 acres of land located off Jalan Duta, is scheduled to begin in the second quarter of this year.
Upon completion, the landmark is slated to become the largest exhibition and convention centre in the country, consisting of a main exhibition centre, a multi-purpose hall, auditorium, meeting rooms and display arena, in addition to a hotel, shopping mall and office tower.
Based on a preliminary projection, the total project costs for Matrade Centre is RM628 million and is due to open its doors in 2014.
Besides the Matrade Centre, the project will also develop the 62.45 acres of land, which will be transferred from the government to TTDI Metropolis in exchange for building the expo centre.
The mixed development, to be provisionally known as Naza KL Metropolis Development, will be developed over the next 15 to 20 years and will have a gross development value of RM15 billion.
The Matrade Centre, due to open its doors in 2014, is estimated to he total project costs for the Matrade Centre is RM628 million.
Moreover, OBG noted that it is not just in Kuala Lumpur that Malaysia is looking to cash in on MICE tourism, as some of the country’s outlying regions such as Sarawak and Melaka have also been promoting their credentials as a business meetings destination, with a good degree of success.
Quoting Chief Minister Pehin Sri Abdul Taib Mahmud, OBG said the state will be hosting 23 conventions this year, with MICE tourism is set to invest substantially in direct delegate expenditure while Sarawak Convention Bureau is expected to generate 136,000 delegate days next year.
Additionally, Taib said Sarawak is in the position to combine more traditional forms of tourism with the business segment of the industry to offer a premium package, allowing the state to fully exploit its assets.
Meanwhile, OBG also mentioned Melaka as another state that is seeing MICE as a noteworthy component of its tourism trade boom. Citing its Chief Minister Datuk Seri Mohd Ali Rustam, it said Melaka could host up to one million MICE tourists this year based on current strong trends.
In the first eight months of last year, the historical state received 635,482 MICE tourists as compared to 565,748 for the same period in 2008.
OBG further commented that with 6.6 million visitors to Melaka in the first 10 months of last year, of whom one million were foreigners, the MICE contribution to the total is significant and rising.
In reference to Ali Rustam’s statement, it said that by promoting tourism sub-sectors such as MICE would not only create more business prospects to develop the industry into becoming a major contributor to the state’s economy but would also generate more employment opportunities.
In this respect, Malaysia’s overall tourism industry has enjoyed a very good year despite the global economic downturn, with arrival numbers well up on 2008 and the month-on-month figures climbing steadily as at last year’s end.
According to data released by the Tourism Ministry last November, arrivals stood at 19.45 million visitors up until last October, a 7.2 per
January 15th, 2010, 04:11 PM
Taken from http://www.rspkl.com/
March 9th, 2010, 06:21 PM
The Minister and Deputy Minister of Ministry of International Trade and Industry
launches the construction of Malaysia's largest convention centre.
June 21st, 2010, 12:49 PM
Big plans for Naza TTDI
By Racheal Lee Sunday, 20 June 2010
The last time City & Country met up with S M Faliq S M Nasimuddin, it was six months after he had taken on his post as managing director of Naza TTDI Sdn Bhd, when the global financial crisis was at its peak.
There have been some interesting developments at Naza TTDI since our last meeting. Faliq has assumed the position of executive vice-chairman at listed construction outfit Kumpulan Jetson Bhd. Faliq and his brother S M Nasarudin S M Nasimuddin, Naza TTDI’s chairman, made headlines in August last year when they took over Kumpulan Jetson. Nasarudin was appointed executive chairman of the board.
Naza TTDI was in the limelight again in November 2009, when it announced that it was undertaking a RM15 billion project on a 65-acre site in Jalan Duta, Kuala Lumpur, under a privatisation deal with the government. The master plan is in the final stage.
The company registered a net profit of about RM70 million on sales of more than RM800 million in 2009. Revenue was about RM500 million in 2008 and the developer is targeting a 10% to 15% increase this year.
While the developer’s numerous projects in the Klang Valley are keeping it busy, the company is also endeavouring to step out of its comfort zone by venturing into Sabah and Sarawak and outside the country, Faliq tells City & Country.
“The Klang Valley remains our core, but it is part of our expansion plan to venture overseas after having been in Malaysia for 37 years. We were developing shop lots in the past and now we are doing mega-projects like Platinum Park in KLCC. But we know that to go overseas, we need stepping stones.
“Getting the right partner is crucial and we are looking at every possibility and opportunity. We came across an opportunity to venture into China and we are looking at partnerships with two companies there but nothing is solid yet. We can’t name them because they are listed companies there. We are also looking at East Malaysia … there are some interesting prospects there,” he explains.
In a recent announcement to Bursa Malaysia, Kumpulan Jetson said it had entered into a joint venture with Chinese construction company China State Construction Engineering (Hong Kong) Ltd to build a 38-storey building with a 10-level podium in Platinum Park. This could be the start of its efforts to make inroads into China.
The project in Jalan Duta is expected to include a 100-storey tower — probably the tallest building in the country. The project will also comprise residential and commercial components, a hotel, a mall as well as the Matrade Centre.
The developer hopes to build the Matrade Centre, the country’s largest exhibition and convention centre, by 3Q2010. “We are still in the planning stage for the remaining components. It will be a very exciting project and we are looking to announce the master plan by 3Q2010 or the end of this year,” Faliq says.
The 13.1-acre Matrade Centre site will be linked to the existing Menara Matrade. It will have three floors to house 12 exhibition halls for large-space exhibitions, such as those for heavy industries and advanced technology.
It will also house a 1,230-seat auditorium, a multi-purpose hall, meeting rooms and display areas.
With projects that can sustain the developer for the next 15 years, Faliq’s vision is to make Naza TTDI one of the top developers in Malaysia.
“So far we are on the right track and hopefully in the future, we will be more exciting. Going forward, things will be more competitive. We would need to be more creative and innovative to develop what people need and want,” he says.
Ongoing projects include The Valley TTDI Ampang, comprising 66 link villas, 56 bungalows and 12 exclusive bungalows on a 35.5-acre leasehold tract. This will be completed in July. About 90% of the project has been taken up.
Another ongoing project is the 9.1-acre Platinum Park in KLCC. A 50-storey office tower was sold to the Federal Land Development Authority (Felda) for RM640.7 million in January 2008. It is scheduled for completion by 2Q2012. The second block, a 30-storey office building, was sold to a government-linked company. Lembaga Tabung Haji is believed to be the buyer.
“We are looking to secure MSC status for all offices in Platinum Park. We have also appointed Foster & Partners to design the buildings in the remaining phases of Platinum Park. We will be coming up with plans for the residential component, retail component and possibly hotel component soon.
“We may launch one of the apartment blocks, offering small units by the end of this year. The gap in launching each subsequent development is a year,” Faliq says.
The whole project is scheduled for completion in 2016.
Naza TTDI also hopes to develop another township modelled after its very successful Taman Tun Dr Ismail (TTDI) township. And it is looking for more land to add to its current 436-acre landbank located in the KLCC area, Kajang, Shah Alam and Puchong.
October 1st, 2010, 05:47 AM
PM to launch majestic Matrade project in Nov
posted Sep 23, 2010 7:08 AM by CT Print [ updated Sep 23, 2010 8:58 AM ] TnT Exclusive
News that the Naza brothers are to finalize their exit from Jetson soon (Star, Thurs 23 Sept) is poised to set the property-construction industry ablaze with excitement as expectations rise that Naza-TTDI is now able to finally set a date for the launch of the megalith and magical MATRADE project.
Sources have told us at TnT that the Prime Minister himself has consented to a date in November for the launch event of the year.
We are placing a wager that the momentous event will be held on Thursday, the 11th of November.
The MATRADE development will see the Naza-TTDI undertaking the construction, including planning and design, of an RM800 million expo centre off Jalan Duta, which will include world-class infrastructure to take in the biggest and longest exhibitions anyone dares to organize.
The project will also include construction of several mega-towers on an 63 acre land that was swapped with the government under of the largest of PFI (private financed initiative) deals.
This week's Pemandu road show confirms that part of the so-called greater KL redevelopment will include MATRADE, the US$5 billion Sungai Besi redevelopment projects, and the RM10 billion UDA-led Pudu redevelopment. This is in addition to the 1 Malaysia Financial District that is to take shape around the Jalan Imbi-Tun Razak area, which used to house colonial era government quarters. The 1MFD is to complement the Sungai Besi development, and Tnt has been made to understand that it will be the most likely project to launch as early as next year after Matrade.
These projects are the first under the government's RM1.3 trillion or US$444 billion Economic Transformation Program that will see Malaysia achieved developed status by year 2020.
Under our radar for some time now, the next Taikor (look out for our Taikor watch) and his sibling could be our own ‘boys to men’ fairy tale. Having had to take over the reigns of Naza on the premature demise of the family patron Tan Sri Nasimuddin Amin, the brothers are finally carving their own niches.
The MATRADE project is a major addition to the Naza-TTDI's on-going Platinum Park Project along one of KL’s most expensive realty, Jalan Stonor. The ground-breaking ceremony for the Platinum project was also officiated by Prime Minister Mohd Najib Tun Abdul Razak
The two Naza brothers have along the way acquired a 33% stake in Jetson (Kumpulan Jetson Berhad) in a move analysts and market observers saw as a statement of intent by the brothers to start making their mark. They had bought their shares ion Jetson from the company's co-founders - Isnin Rahim (then chairman and executive director) and brothers Teh (group managing director) and Tee Keng Kok (executive director), among others.
According to sources quoted by the Star, the Naza brothers decided to exit Jetson in view of some "unsettled financial issues" facing Jetson. It was learned that the brothers have been approached by suitors hoping to take Jetson's place. Among them are foreign players.
Meanwhile, the industry will also be celebrating UDA's 40th anniversary (next year) with a big bang. The redevelopment of the former Pudu Jail site by UDA will herald the return of the entity that was behind the development of Bukit Bintang and the sprawling Bandar Tun Hussein.
UDA was launched in 1971 by Tun Abdul Razak, and is currently under Chairman Datuk Nur Jazlan Mohamed, son of former Information Minister Tan Sri Mohamed Rahmat, a well supported man in UMNO.
The one thing that stands out in this greater Kl expansion is that it is spearheaded by young capable Malaysians, and the future it brings along with it makes it all the more interesting for us to keep watch on.
World 2 World
December 21st, 2010, 03:50 PM
Matrade Centre + 100 Storey Tower
look at the 100storey tower...dem hot baby!!!!
January 27th, 2011, 12:33 PM
February 25th, 2011, 02:39 PM
As of today:)
March 10th, 2011, 07:29 PM
Naza TTDI targets 18 new launches this year
By Zaidi Isham Ismail Published: 2011/03/11
NAZA TTDI Sdn Bhd, the property development arm of Naza Group, plans to launch 18 new projects this year with a combined gross development value (GDV) of RM1.6 billion.
Naza TTDI chairman SM Nasarudin SM Nasimuddin said the launches are part of its long-term plan to become one of Malaysia's top 10 property companies in the next three years.
"We also plan to launch our projects outside of the Klang Valley and make our maiden venture overseas such as in Singapore, Vietnam, Indonesia and China," Nasarudin said at a briefing on its financial performance in 2010 and outlook this year in Shah Alam, Selangor, yesterday.
Group managing director SM Faliq SM Nasimuddin said the new projects are expected to increase Naza TTDI's net profit in 2011 by 22 per cent to RM100 million from RM82 million in 2010.
Group turnover this year is targeted to hit RM1 billion, up 57.5 per cent from RM635 million in 2010.
Faliq added that the company hopes to rake in a net profit of RM267 million and a turnover of RM2.2 billion by 2015.
"In future, we hope to form joint ventures or embark on merger and acquisition plans with companies that have strategic assets and landbanks as part of our expansion plan at home and abroad," said Nasarudin.
He said the company aims to boost its landbank to over 200ha in the next two years from 161ha currently.
The project launches this year will comprise both residential and commercial developments such as TTDI Grove in Kajang, TTDI Alam Impian in Shah Alam, TTDI Dualis in Puchong, as well as a 35-storey tower in Jalan Tun Razak, Kuala Lumpur.
The company has also formed an associate construction company, Naza TTDI Construction, as it feels it is the right time to start diversifying and entering the construction business.
Naza TTDI Construction will complement Naza TTDI's business, offering complete construction services in the fields of building, civil engineering and infrastructure works.
On its RM650 million Matrade International Exhibition Centre, Nasarudin said piling works are ongoing and it will call the media for an update in June.
He added the company has no plans to go for a listing yet but may do so in the future, should the need to raise funds arise, coupled with right stock market conditions.
Established 37 years ago, the Naza Group, which also has operations in automotive, hotels and food, has completed more than 14,000 residential and commercial units, including in Taman Tun Dr Ismail, Petaling Jaya, Section 13 Shah Alam and the Platinum Park in Kuala Lumpur City Centre (http://www.skyscrapercity.com/showthread.php?t=756326).
April 13th, 2011, 11:03 AM
Naza ropes in Jetson for Matrade Centre project
NAZA Group has drafted Kumpulan Jetson Bhd as a partner to develop the country's largest exhibition centre on 62.45 acres of prime federal land off Jalan Duta in Kuala Lumpur.
Naza, through wholly-owned TTDI KL Metropolis Sdn Bhd, and Kumpulan Jetson yesterday sealed a pact to form a 51:49 joint venture (JV) called TTDI Jetson Sdn Bhd.
Kumpulan Jetson will eventually get a RM628 million job to build the proposed Matrade Centre, which will have a one million sq ft of gross floor area.
TTDI Jetson will sign a proper development agreement with TTDI KL Metropolis once Kumpulan Jetson has obtained shareholders' nod for the proposed JV at an extraordinary general meeting to be convened soon.
TTDI Jetson will then award Kumpulan Jetson the contract to build the Matrade Centre for RM628 million, the latter said in a statement to Bursa Malaysia yesterday.
"The company will carry out the planning, design, construction and complete the Matrade Centre," Kumpulan Jetson said.
Naza Group joint executive chairman SM Nasarudin SM Nasimuddin and director SM Faliq SM Nasimuddin are major shareholders of Kumpulan Jetson, with a combined 29.79 per cent stake.
The brothers recently made an unsuccessful bid to buy the remaining Kumpulan Jetson shares not already owned by them.
TTDI KL Metropolis was previously awarded the privatisation of the 62.45-acre land by the government via a deal signed on December 21 this year.
The company will build the Matrade Centre for the government at its own cost.
In return for the exhibition centre, TTDI KL Metropolis has the exclusive rights to develop the land into a mixed project tentatively dubbed the "Naza KL Metropolis Development".
The project will boast of hotels, offices, residences and shopping malls, with a gross development value of RM15 billion over 15-20 years.
Naza and Kumpulan Jetson have estimated that they would have to fork out some RM800 million to render Matrade Centre functional plus the land premium for conversion of the 25ha into commercial status.
Given its 49 per cent shareholding in TTDI Jetson, Kumpulan Jetson said its portion would amount to at least RM392 million.
Naza KL Metropolis Development
August 25th, 2011, 06:00 PM
September 2nd, 2011, 05:24 AM
September 21st, 2011, 05:51 AM
September 21st, 2011, 09:22 PM
those birds were the perfect way to emphasize on how awesome this iconic building will be
October 25th, 2011, 01:13 PM
October 26th, 2011, 10:59 AM
October 26th, 2011, 11:00 AM
October 26th, 2011, 11:07 AM
LOCATION (old pic)
October 26th, 2011, 11:12 AM
November 1st, 2011, 08:03 AM
KL Metropolis expected to woo RM3.5b foreign investments
Foreign companies may invest that amount to build properties, either on their own or in partnership with Naza TTDI
By Sharen KaurPublished: 2011/10/27
KUALA LUMPUR: The Naza Group's KL Metropolis project is expected to lure foreign investments of some RM3.5 billion over its 15-year development period.
Foreign companies may invest that amount to build properties, either on their own or in partnership with Naza TTDI Sdn Bhd, the property arm of Naza Group.
"While we can build the structures on our own, we want to give opportunities to others for transfer of technology and expertise," Naza TTDI group managing director SM Faliq SM Nasimuddin said af-ter the project's launch on Tuesday.
The RM15 billion project is located next to the existing Matrade building off Jalan Duta and is touted as a new business district.
It will feature 22 office and residential towers, which include a 100-storey building and three hotels, as well as the new one million sq ft Matrade centre and two retail centres with more than two million sq ft of space on 30 hectares.
Launched by Datuk Seri Mustapa Mohamed, the Minister of International Trade and Industry (Miti), the project will be developed in three phases.
Phase 1 will comprise the exhibition centre, two residential towers, two hotels, two office towers and a retail centre, worth a combined RM6 billion.
Faliq said tenders to cons-truct the buildings will be called next month. It has appointed a local contractor to do the piling work.
Naza TTDI will borrow from banks and use internal funds for the initial stages of development, after which it may raise more money from a bond sale. The company is expected to invest RM500 million on infrastructure alone.
"We aim to complete Phase 1 by 2014/2015," he said.
Naza TTDI is already in talks with several foreign investors to build the retail and com-mercial properties in a joint venture.
It is also in discussions with a few five-star international hotels and mall operators to manage some of its properties.
"We are seeking five-star hotel operators and good retail partners for the project. We want to make this a world-class business and tourist destination," Faliq said.
Naza TTDI will announce several deals before the end of this year or early next year.
Faliq said Phase 2, which will start in 2015, will have five residential towers, three office blocks, a boutique hotel, a healthcare centre and the 100-storey building, worth RM4 billion.
Phase 3, worth RM5 billion, will start in 2019, consisting of three residential towers, three office buildings and a retail centre, he added.
“We have attracted a lot of local and foreign interest for this project, repositioning Malaysia on the world map. We expect several en bloc deals coming in,” Faliq said.
KL Metropolis is designed to Malaysia’s Green Building Index requirement and is also the first registered LEED for Neighbourhood project in Malaysia.
The LEED certification is an internationally-recognised green rating system that incorporates the principles of smart growth, urbanism and green building.
Exhibition Centre - Matrade Centre
November 9th, 2011, 08:20 AM
November 13th, 2011, 09:27 AM
November 23rd, 2011, 10:32 AM
Nice exciting design overall.
I like it, its design reflect its time.
But will they fill it all?
November 26th, 2011, 11:21 AM
November 26th, 2011, 04:03 PM
awesome development, sleek designs!
November 27th, 2011, 04:04 AM
At least KL is trying to build in its time. Well done. As I know KL, I hope the roads follow.
November 27th, 2011, 05:31 AM
huh? as far as I kow KL has one of the most comprehensive highway network in the region, public transportation tho a lot needs to be improved but a lot of improvements and new lines are underway..
December 8th, 2011, 05:52 AM
April 14th, 2012, 04:31 AM
Kuala Lumpur suburbs (http://www.flickr.com/photos/varlamov/7074016749/) by varlamov (http://www.flickr.com/people/varlamov/), on Flickr
July 13th, 2012, 01:13 PM
As of today!
July 29th, 2012, 04:07 PM
September 24th, 2012, 10:52 AM
Published: Monday September 24, 2012 MYT 4:46:00 PM
Naza Group awards RM555.9m Matrade job to Daewoo
KUALA LUMPUR: The Naza Group has awarded the RM555.90mil contract for the new Matrade Exhibition Centre to Daewoo Engineering and Construction Co Ltd (Daewoo E&C).
It said on Monday work would start in October and expected date of completion would be in mid-2015. The foundation for the exhibition centre was completed in August.
Naza TTDI's deputy executive chairman and group managing director, SM Faliq SM Nasimuddin, said Daewoo E&C was awarded the contract due to the latter's commanding track record of undertaking similar projects.
He said the new Matrade Exhibition Centre would be the nucleus for Naza TTDI's flagship 75.5 acre KL Metropolis development.
With a gross floor area of 1 million sq ft, the centre would be the country's largest exhibition centre, and put the country on the map as a preferred MICE destination in the region.
The centre will contain 11 exhibition halls, a multi-purpose hall, meeting and conference rooms, media and press facilities, VIP lounges, restaurants and food outlets.
SM Faliq expected more positive developments will take course in transforming the area to meet its vision as Kuala Lumpur's international trade and exhibition district.
September 25th, 2012, 04:51 PM
Naza TTDI awards RM556m expo centre job to Daewoo
September 27th, 2012, 12:41 PM
Sep 27, 2012
Over RM500mil for new Matrade centre superstructure works
SM Faliq SM Nasimuddin (left) awarding the contract to Han Sang Hyun.
Naza TTDI’s KL Metropolis development takes a step closer to fruition with the award of the superstructure construction contract worth RM555.9mil for the new Matrade Exhibition Centre in Kuala Lumpur.
Touted as Naza TTDI’s flagship project in Kuala Lumpur with a gross development value of RM15 billion, KL Metropolis incorporates the new Matrade Exhibition Centre which is regarded as the nucleus of the mega development.
Naza TTDI’s subsidiary, TTDI KL Metropolis Sdn Bhd, has awarded the superstructure contract to Daewoo Engineering and Construction Co Ltd (Daewoo E&C).
Expected to be completed by mid-2015, the superstructure works will commence next month. This phase of construction follows the recent completion of foundation works for the exhibition centre in August.
Naza TTDI deputy executive chairman and group managing director SM Faliq SM Nasimuddin said Daewoo E&C was awarded the contract due to the company’s track record.
He was confident that with the start of the new Matrade Exhibition Centre - the nucleus of Naza TTDI’s flagship 30.5ha (75.5 acres) KL Metropolis development - more positive developments will take place in transforming the area to meet the vision of Kuala Lumpur’s international trade and exhibition district.
Daewoo E&C Kuala Lumpur representative Han Sang Hyun said it was an honour for the company to contribute to the country’s iconic exhibition centre.
With a gross floor area of one million square feet, the Matrade Exhibition Centre will be the country’s largest exhibition centre. It is envisaged to enhance the country’s attraction as a preferred MICE destination in the region.
Designed to provide year-round exhibition space for international-class events and meetings, the exhibition centre will comprise:
■11 exhibition halls
■meeting and conference rooms
■media and press facilities
The Matrade Exhibition Centre will have the capacity to meet the demands of a wide range of events from heavy industries to concerts. Additionally, the centre is targeted to receive the Green Building Index certification.
Besides the exhibition centre, the development will also house other high-profile, mixed development components such as residential units as well as office towers and a regional retail centre.
More : http://www.starproperty.my/PropertyScene/PropertyScene/25299/0/0
October 2nd, 2012, 07:34 AM
The project will be started soon !!
Published: Tuesday October 2, 2012 MYT 11:29:00 AM
Naza TTDI, Australia's Lend Lease ink deal for RM4b project
KUALA LUMPUR: Naza TTDI and Australia's Lend Lease plan to undertake a mixed-use development project in the former's KL Metropolis flagship development with a potential gross development value (GDV) of RM4bil.
Both companies signed a heads of agreement to formalise a joint venture to develop 10.94 acres of land at the site.
In a joint statement released on Tuesday, they said the agreement sets the scope and commercial principles for a mixed-use development including a regional retail centre, office, hotel and residences.
The agreement was executed by Naza TTDI's deputy executive chairman and group managing director, SM Faliq SM Nasimuddin and Lend Lease's CEO for Asia, Rod Leaver.
Australia's Lend Lease is a fully integrated international property and infrastructure group.
KL Metropolis is Naza TTDI's 75.5-acre high-impact project with a GDV of RM15bil which it envisages would thrust the country as a preferred MICE destination in the region.
CIMB Investment Bank Bhd is the financial adviser to Naza TTDI for the KL Metropolis project.
October 27th, 2012, 03:22 PM
MATRADE Exhibition and Convention Centre
Oct 18, 2012
March 3rd, 2013, 03:15 PM
As of friday 1/3/13
May 10th, 2013, 04:56 PM
May 10, 2013