- PKNS on Sunday signed a MoU with Raudhah City Sdn Bhd to develop a township, with a gross development value of RM12.3 billion, in Cyberjaya
Perbadanan Kemajuan Negeri Selangor (PKNS) on Sunday signed a memorandum of understanding (MoU) with Raudhah City Sdn Bhd to develop a township, with a gross development value of RM12.3 billion, in Taman Sains Selangor 2, Cyberjaya.
PKNS general manager, Azlan Md Alifiah, said the 215.8-hectare mixed development project would be based on an Islamic City concept.
"The corporation is honoured to team up with developer, Raudhah City, to undertake the urban Islamic City development project, which is the first in the world," Azlan said after the signing ceremony.
Azlan signed for PKNS while Raudhah City was represented by its executive chairman, Datuk Sri Syed Zainal Abidin Syed Mohamed Tahir.
Also present was Selangor Menteri Besar, Mohamed Azmin Ali.
Azlan said the project was expected to start in the middle of the year.
"It will be developed in stages and involves four clusters -- early education based on Islamic Montessori method; tertiary education and medical tourism; halal contents and creative multimedia; and, financial and commercial," he said.