Malaysian firm bets on the future
China Daily | Updated: 2009-05-26 08:15
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Shahril Ridza Ridzuan, managing director of Malaysian Resources, stands by a model of the Kuala Lumpur Sentral transportation hub. The company will build two office projects this year after the global recession pushed steel prices lower. Bloomberg News |
KUALA LUMPUR: Malaysian Resources Corp, developer of the nation's biggest transport hub, will build two office projects valued at 1.8 billion ringgit ($517 million), gauging that property markets will revive as the global recession eases.
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