PETALING JAYA: Limitless LLC, the global master development arm of Dubai World, has secured its second project in Malaysia: a 1,115 ha mixed-use development that is set to be the world’s first fully integrated halal centre.
Limitless said in a statement yesterday that the Malaysia International Halal Park (Mihap), a 80-20 joint venture between Limitless and a Malaysian investment company comprising Mihap Holdings and Perbadanan Kemajuan Pertanian Selangor, will turn Malaysia into a global gateway for the industry’s trading, services and knowledge.
Mihap will be located between Kuala Lumpur International Airport and Port Klang. The project will include more than 800 ha of residential units. There will also be food-manufacturing plants of international standard, logistics ports, and training and research centres, as well as offices, entertainment and retail facilities, all of which will comply with halal principles. A significant proportion of the master plan is dedicated to open spaces, with more than 170 ha of parks and water features.
Limitless CEO Saeed Ahmed Saeed said: “It is an honour for Limitless to be playing such a key role in establishing Malaysia as the world’s centre of excellence for the halal industry.” Construction of Mihap is due to begin towards to the end of 2008, with phased completion over eight years.
By theSun
Thursday, February 21, 2008
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