KAJ DEVELOPMENT SDN BHD SIGNS RM30 BILLION AGREEMENT WITH POWERCHINA INTERNATIONAL FOR INVESTMENT, DEVELOPMENT AND CONSTRUCTION OF MELAKA GATEWAY
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KUALA LUMPUR, Sept 1 (Bernama) -- The master developer of Melaka Gateway, KAJ Development Sdn Bhd ("KAJD"), today signed a Memorandum of Agreement ("MOA") with one of China's biggest corporations, Powerchina International Group Limited ("Powerchina International"). The agreement inked by both parties is valued at RM30.0 billion.

On hand to witness this historic and landmark signing ceremony for both corporations was YB Dato' Sri Mustapa Mohamed, Minister of the Ministry of International Trade and Industry (MITI), Malaysia; YB Dato' Sri Liow Tiong Lai, Minister of Transport, Malaysia; YAB Datuk Seri Ir. Haji Idris bin Haji Haron, Chief Minister of Melaka; and YBhg Dato' Azman Mahmud, CEO of Malaysian Investment Development Authority (MIDA).

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