Business

Published: Monday September 24, 2012 MYT 4:46:00 PM

Naza Group awards RM555.9m Matrade job to Daewoo


KUALA LUMPUR: The Naza Group has awarded the RM555.90mil contract for the new Matrade Exhibition Centre to Daewoo Engineering and Construction Co Ltd (Daewoo E&C).

It said on Monday work would start in October and expected date of completion would be in mid-2015. The foundation for the exhibition centre was completed in August.

Naza TTDI's deputy executive chairman and group managing director, SM Faliq SM Nasimuddin, said Daewoo E&C was awarded the contract due to the latter's commanding track record of undertaking similar projects.

He said the new Matrade Exhibition Centre would be the nucleus for Naza TTDI's flagship 75.5 acre KL Metropolis development.

With a gross floor area of 1 million sq ft, the centre would be the country's largest exhibition centre, and put the country on the map as a preferred MICE destination in the region.

The centre will contain 11 exhibition halls, a multi-purpose hall, meeting and conference rooms, media and press facilities, VIP lounges, restaurants and food outlets.

SM Faliq expected more positive developments will take course in transforming the area to meet its vision as Kuala Lumpur's international trade and exhibition district.

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