China's Dalian Wanda Group shows interest in Bandar Malaysia

China's Dalian Wanda Group shows interest in Bandar Malaysia

BEIJING: Dalian Wanda Group, owned by China's richest man, has expressed interest in investing some USD10bil (S$14 billion) in the Bandar Malaysia project.

In a brief press conference held at Sofitel Wanda Beijing Hotel Saturday, its chairman Wang Jianlin (pix) said he has confidence in Malaysia's investment environment and future.

"Wanda is interested in developing cultural and tourism infrastructure projects.

"While we are not signing an agreement today, I am here expressing our stand," Wang said.

Present was Prime Minister Datuk Seri Najib Tun Razak who said the Government envisioned that Bandar Malaysia would be an iconic development, "something special" and not the run of the mill property development.

"It will have great content with cultural values and tremendous entertainment attractions," he said.

Najib, who is on a five-day working visit to China, said he looked forward to discussing with Wanda to reach a successful conclusion by both parties.

The original master developer of Bandar Malaysia - a consortium of China Rail Engineering Corporation and Iskandar Waterfront Holdings - was dropped by the Finance Ministry, citing unfulfilled payments despite deadline extensions.

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