KL Metropolis - TTDI Naza

The mega project by TTDI Naza. 

According to a source, 100 storey tower is inside the KL Metropolis plan...
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Our beloved PM will officially unveil on 25 Oct 2011. 

Some background on the KL Metropolis back dated on 12/23/2009. 

KEY DEVELOPMENTS FOR TTDI KL METROPOLIS SDN BHD

TTDI KL Metropolis Sdn Bhd and Kumpulan Jetson Bhd Form Joint Venture Called Kumpulan Jetson Bhd

12/23/2009

NAZA Group has drafted Kumpulan Jetson Bhd as a partner to develop the country's largest exhibition centre on 62.45 acres of prime federal land off Jalan Duta in Kuala Lumpur. Naza, through wholly-owned TTDI KL Metropolis Sdn Bhd and Kumpulan Jetson Bhd sealed a pact to form a 51:49 joint venture called TTDI Jetson Sdn Bhd. Kumpulan Jetson will eventually get a MYR 628 million job to build the proposed Matrade Centre, which will have a one million sq ft of gross floor area. TTDI Jetson will sign a proper development agreement with TTDI KL Metropolis once Kumpulan Jetson has obtained shareholders' nod for the proposed JV at an extraordinary general meeting to be convened soon. TTDI Jetson will then award Kumpulan Jetson the contract to build the Matrade Centre for MYR 628 million. The project will boast of hotels, offices, residences and shopping malls, with a gross development value of MYR 15 billion over 15-20 years.

TTDI KL Metropolis signs agreement with government of Malaysia to develop Matrade centre. The MYR 628 million Matrade centre is to be developed by TTDI KL Metropolis, a unit of the Naza Group, under a privatisation agreement signed with the government of Malaysia and its agency Syarikat Tanah dan Harta Sdn Bhd. Matrade is the national export promotion agency under the trade ministry. Construction of the centre which is to be built on a 13.1 acre piece of land along Jalan Duta and a stone's throw from the popular Mont Kiara suburb is expected to begin in the second quarter of next year and to be completed in 2014. The project could raise eyebrows as to the need for another exhibition and convention centre in the Klang Valley, which already has at least three well-known ones, plus another under-utilised 1.3 million sq ft centre in Putrajaya. Green building initiatives would also be employed in the building which would be designed with a clear ceiling height of nine to 12 metres, a floor loading maximum of 5 tonnes/sq metre and an auditorium that can hold 1,230 people. Besides the Matrade centre, the government is also reportedly planning to put up a hotel and office building in the adjoining area, with the entire development estimated to amount to MYR 1.5 billion in total.

Source: Bloomberg Businessweek