Managing director Datuk David Goh Kieng Ping said the Swan City project, to be developed on a 7ha site, will comprise over 100 residential units and commercial buildings to be completed within three years.
"However, its biggest component will be the construction of the state's first and biggest purpose built hypermall for the Giant International Retail Group which will have a built-up area of 1.2ha.
The hypermall is expected to be ready and operational by end of next year.
"This is going to cost us RM30 million," he told reporters in Sibu after the ground-breaking ceremony for the project by Sarawak Environment and Public Health Minister Datuk Seri Wong Soon Koh and Deputy Transport Minister Datuk Robert Lau Hoi Chew.
The marketing director for Giant Supermarket Ho Mun Hao, said there are currently four Giant supermarkets in the state which were a big boost to local farmers as it helps them to sell their produce.
Meanwhile, Goh said the company is now entering the state central region because of its huge potential, given the location of the Sarawak Corridor of Renewal Energy.
"Sibu is going to be the next city in the state after Kuching and Miri, probably in about 15 years or less from now.
"We want to contribute to its development. This Sun City project is one initiative to Sibu's physical and human resource development," he said.
Goh said due to its central location, Sibu, with a population of one million people, will become the centre for shopping.
The group is also undertaking the multi-million ringgit Taman Tunku Housing project in Miri.
By Bernama
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