SHAH ALAM, 25 Jan: The Selangor State Development Corporation (PKNS) today signed a memorandum of understanding (MoU) with Raudhah City Sdn Bhd to develop the Raudhah City with a gross development value (GDV) of RM12.3 million.
The Chief Minister, Mohamed Azmin Ali, said that the development at the Selangor Science Park 2 will have a positive impact on the economy and the well-being of the people.
He said that construction on the 533 acre land will also be able to strengthen the role of PKNS as a leader in real estate in Malaysia.
“The state government is also emphasising on holistic development that covers the interests of the people of different races and religions.
“The development of Raudhah City needs to ensure that being Islamic will have nothing to do racism, extremism and terrorism,” he said.
He said this during the MoU signing ceremony at the Shah Alam Convention Centre (SACC) today.
He then, together with the representative of Saudi Binladin Group, Yehia Jawad Yehia, witnessed the signing ceremony between PKNS and Raudhah City Sdn Bhd.
PKNS was represented by the General Manager, Azlan Md Alifiah, and his deputy, Noraida Mohd Yusof, while Raudhah City Sdn Bhd was represented by its Chairman, Datuk Seri Syed Zainal Abidin Syed Mohd Tahir, and the Chief Executive Officer, Mohd Fadzli Hashim.
Raudhah city will be developed in 25 countries around the world and Malaysia was chosen as the first country and Selangor is the first site for the development.
The development project will focus on several clusters of economy which are the early education cluster, higher education, medical tourism, creative multimedia, commercial and residential.
The city concept is also recognised by the World Islamic Economic Forum (WIEF) in 2013 in London as the first modern Islamic city in the world.
The project is expected to take 15 years to be fully completed, while the first phase, which starts next year, is expected to be completed by 2020.