The Malay Chamber of Commerce Malaysia (DPMM) plans to undertake a mixed development project with a gross development value of RM5 billion in Johor Bahru, its President Syed Ali Alattas said.
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"The project will take three years to complete and construction works will start once all relevant authority approvals are secured," Syed Ali told reporters here today.
The project would rejuvenate the area with economic activities and transform Pantai Lido into a vibrant city in the future, he said.
Among the properties in the mixed development project will be commercial, retail and residential units. -- Bernama