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UEM Sunrise, Mulpha undertake RM107m deal
KUALA LUMPUR: Property developers, UEM Sunrise Bhd and Mulpha International Bhd, have joined hands in undertaking a RM107 million project to build three sets of roadworks in Iskandar Malaysia.
"The project may not be significant in value terms but it is a milestone for both companies working together for the first time.
"It will boost the accessibility in Nusajaya," said UEM Sunrise executive director Datuk Izzaddin Idris during a collaboration signing ceremony between the two companies here today.
The roadworks, spanning a total of 8.3 kilometres, will be completed in phases by December 2018.
The project is aimed at creating and upgrading roads in Gelang Patah and Gerbang Nusajaya to jointly serve the growing population there.
The cooperation comes as both companies seek to boost the appeal of their respective developments in Iskandar Malaysia which is close to each other -- UEM
Sunrise's Gerbang Nusajaya and Mulpha's Leisure Farm Resort.
UEM Sunrise said last month it was targeting a 20 per cent increase in revenue growth this year, as demand was encouraging for its flagship developments in Iskandar.
It aimed to make a foray into Indonesia with high-end condominium developments after having a presence in Singapore, Melbourne and Vancouver.
Mulpha, meanwhile, has expanded into Vietnam and Australia. -- Bernama