Ideal to refurbish parts of Penang cruise terminal

February 3rd, 2020 Leave a comment 中文版

Picture for illustration only

Ideal United Bintang International Bhd has signed a memorandum of understanding (MoU) with Penang Port Commission to refurbish parts of Swettenham Pier Cruise Terminal (SPCT) in Penang Island.

In a bourse filing today, Ideal said the project is to redesign and refurbish three buildings, namely Godown 5, Godown 7 and Godown 8, located at the six-century-old seafront between the pier and Tanjung City Marina.

“Ideal would refurbish the three Godowns to be converted into a seafront tourist spot lifestyle destination including duty-free shops, F&B outlets, home-grown brands offerings, local made products and gift shops,” it said.

Ideal said Phase 1 of the refurbishment of the three buildings is expected to be completed by 2021, with Phase 2 and 3 to follow suit by 2022.

The expansion works of SPCT, it said, will allow the terminal to cater to up to 1.7 million passengers a year from over 500,000 in 2019, and accommodate up to 12,000 passengers at any one time.

It added that the MoU was signed by its wholly-owned sub-subsidiary Solaris Consortium Sdn Bhd.

At noon market break, Ideal shares were 3 sen or 1.62% lower at RM1.82, giving the group a market capitalisation of RM845.88 million.

Source: EdgeProp.my


Categories: Property News Tags:
  1. tahusamatahu
    February 4th, 2020 at 12:59 | #1

    Many Penang people just wanting to see how the condo king proves himself when come to building infrastructure other than condos.

  2. Julie Khoo
    February 4th, 2020 at 14:01 | #2

    Good Afternoon,
    Our company is wiring we hope that your company will have the opportunity to cooperate with us, and we also hope that your company can give us the opportunity.

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