Bina Puri, CCCC Dredging Ink Kuantan Agreement

Bina Puri Holdings Bhd and China Communications Construction Dredging Group Co., Ltd. (CCCC Dredging) signed an agreement yesterday to form a consortium which will build the Kuantan Waterfront Resort City (KWRC).

The KWRC project, worth RM15 billion (around $3.6 billion), will be developed entirely on reclaimed land and is designed to be the capital city’s first integrated resort, leisure and entertainment destination.

Tan Sri Wong Foon Meng, the Bina Puri chairman, said that this consortium will see both companies holding a 50% stake each.

“Bina Puri will undertake the development of the waterfront while the reclamation work will be carried out by CCCC Dredging,” said the chairman.

“The project will be developed in four phases starting with the construction of two serviced apartment blocks and a waterfront food and beverages complex.”

Land reclamation operations are set to begin next year and should be completed within three years.

Following the reclamation works, the project would take up to 10 years to be finished.

Share this article

Follow Dredging Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Eastern Chapter WEDA Fall 2019 Conference

Wednesday (10/16/19) afternoon will start the program with an opportunity to take the Dredging 101 course.

read more >

IADC SEMINAR ON DREDGING AND RECLAMATION IN DELFT

This five-day course strives to provide an understanding through lectures by experts in the field and workshops…

read more >

10th Dredging & Land Reclamation Summit 2019

The 10th Dredging & Land Reclamation World between 15-18 July 2019 in London is aimed at resolving…

read more >

Australasian Coasts and Ports 2019

Conference Theme “Future directions from 40°S and beyond” reflects the increasing awareness about the need to find suitable…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply