The developer of catalytic projects in Iskandar Malaysia, Iskandar Investment Bhd, has entered into a collaboration agreement with the MCT Group, to discuss the latter's proposed investment into Medini Iskandar, Nusajaya.
Medini Iskandar is a urban development project located within the Nusajaya development zone.
Under the agreement, MCT intends to develop buildings comprising SOHO/studio units, a hotel and a boutique retail gallery.
Iskandar Investment President and Chief Executive Officer, Datuk Syed Mohamed Syed Ibrahim said MCT's presence would complement efforts in the transformation of Medini Iskandar into the central business district of Nusajaya.
"The projects and lifestyle developments proposed by MCT within Nusajaya will play a role in influencing the developments in Iskandar Malaysia," he said in a statement today.
MCT, a major local property developer, is involved in businesses related to power substations, transmission, distribution and engineering services.
By Bernama
Wednesday, April 25, 2012
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