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 > Skyscrapers > Proposed Skyscrapers

Global Announcement

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


Thread Tools
Old August 18th, 2013, 10:52 AM   #1
Registered User
davidwsk's Avatar
Join Date: Feb 2006
Location: Kuala Lumpur
Posts: 11,827
Likes (Received): 3246

JOHOR BAHRU | Medini Empire | Pro

Iskandar, Mammoth to build Medini Empire

July 8, 2013

8 Jul 2013

Iskandar Investment Bhd (IIB) is partnering with Mammoth Empire Holdings Sdn Bhd to build an integrated commercial development, known as Medini Empire, on 9.62 hectares in Medini Iskandar with a gross development value of RM4 billion.

IIB president and chief executive officer, Datuk Syed Mohamed Syed Ibrahim, said the company, through its wholly-owned unit, Medini Land Sdn Bhd, and Mammoth Empire’s wholly-owned subsidiary, Mammoth East West Sdn Bhd, will invest over RM2 billion in the project, which was scheduled to start construction in 2015.

“Medini Empire will consist of office towers, hotels, serviced apartments, loft offices, retail space, convention centre, concert hall, lifestyle cinema and specialist retail shops,” he told reporters at the signing ceremony of subscription shareholders’ and lease purchase agreements between both parties
and Cosmolane Development Sdn Bhd today.

Cosmolane Development, which will later be known as Empire Iskandar Sdn Bhd, is 40 per cent-owned by Medini Land and 60 per cent-owned by Mammoth Empire.

Syed Mohamed signed for IIB and Mammoth Empire was represented by its group managing director Datuk Sean Ng and group executive director Datuk Danny Cheah Joi Yong.

Cheah said the joint-venture would further enhance Mammoth Empire’s strategic position and allow it to cooperate with Iskandar Investment on the areas of relative competence while diversifying into other business areas.

Besides that, he said, Iskandar Malaysia was estimated to have a population of 1.35 million people by 2025 with 66 per cent of them being of working age.

The population was also projected to grow rapidly over the next 20 years.

“Therefore, we see growth opportunities and are committed to further invest in this region (Iskandar Malaysia) to realise our vision of creating property developments that gratify the lifestyle demands of today.

“We believe this joint-venture will strengthen our commitment towards achieving our vision and we are very certain that our investment will be rewarded in time to come,” he said.

Medini Empire, expected to be completed in 2018, is one of the investments in Iskandar Malaysia which has to date attracted RM111 billion worth of investment.– Bernama

davidwsk no está en línea   Reply With Quote

Sponsored Links


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 03:42 AM.

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