daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > World Development News Forums > General Urban Developments

General Urban Developments Discussions of projects shorter than 100m/300ft. Also, please post all other threads not specified in other Development News subforums here.



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old November 18th, 2009, 05:02 AM   #1
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

KUALA LUMPUR | MATRADE Exhibition and Convention Centre Developments News

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.

Quote:
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/
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!

Last edited by nazrey; December 13th, 2009 at 07:03 PM.
nazrey no está en línea   Reply With Quote

Sponsored Links
Old November 18th, 2009, 05:05 AM   #2
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

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.

-- BERNAMA
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old November 19th, 2009, 08:12 AM   #3
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

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.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old November 19th, 2009, 02:12 PM   #4
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

[IMG]http://www.**************/show/2009/11/19/02/51/5989075_230x420.JPG[/IMG]
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old November 20th, 2009, 11:38 PM   #5
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

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".
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old November 25th, 2009, 09:22 AM   #6
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

Quote:
LOCATION:

__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old November 25th, 2009, 11:08 PM   #7
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

From Malaysian forum
Quote:
Originally Posted by rizalhakim View Post








__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old November 26th, 2009, 01:10 AM   #8
Imperfect Ending
Or is it?
 
Imperfect Ending's Avatar
 
Join Date: Apr 2003
Location: Portland, Oregon
Posts: 10,759
Likes (Received): 452

awesome!
__________________

Imperfect Ending no está en línea   Reply With Quote
Old November 26th, 2009, 05:06 AM   #9
hetfield85
Metallica Band Member
 
hetfield85's Avatar
 
Join Date: Jun 2005
Location: Kuantan | Kuala Lumpur
Posts: 642
Likes (Received): 19

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.

-- MORE

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.

-- MORE

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.

-- BERNAMA

HAZ MOK MGN
hetfield85 no está en línea   Reply With Quote
Old November 26th, 2009, 12:36 PM   #10
simcard
BANNED
 
Join Date: Feb 2009
Location: London
Posts: 459
Likes (Received): 2

wow,
simcard no está en línea   Reply With Quote
Old November 29th, 2009, 06:53 PM   #11
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

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.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!

Last edited by nazrey; November 30th, 2009 at 05:23 AM.
nazrey no está en línea   Reply With Quote
Old December 11th, 2009, 08:18 AM   #12
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

Naza TTDI to build iconic tower
By Vasantha Ganesan and Presenna Nambiar
Published: 2009/12/11

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.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old December 13th, 2009, 07:04 PM   #13
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

Building-for-land deal with a slightly different model
TheStar BizWeek
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.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old December 23rd, 2009, 09:02 AM   #14
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

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.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old December 24th, 2009, 06:35 AM   #15
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

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.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old December 25th, 2009, 07:46 PM   #16
guy4versa4
BANNED
 
Join Date: Oct 2009
Location: alor star
Posts: 2,859
Likes (Received): 52

when it finish?
doesnt look great,not futuristic,not icon design and not eye catcy
honestly i dont like that design
guy4versa4 no está en línea   Reply With Quote
Old January 12th, 2010, 10:05 AM   #17
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

M’sia can bank on its strategic niche in MICE
by Ghaz Ghazali January 12, 2010, Tuesday
http://www.theborneopost.com/?p=4079

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
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 15th, 2010, 05:11 PM   #18
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

Taken from http://www.rspkl.com/

__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old March 9th, 2010, 07:21 PM   #19
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

The Minister and Deputy Minister of Ministry of International Trade and Industry
launches the construction of Malaysia's largest convention centre.

__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old June 21st, 2010, 01:49 PM   #20
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 90,838
Likes (Received): 10720

Big plans for Naza TTDI
By Racheal Lee Sunday, 20 June 2010
http://www.theedgeproperty.com/news-...naza-ttdi.html

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.

Overseas venture
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.

Matrade Centre
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.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote


Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 03:48 PM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu