UEM Land’s profit catalyst

UEM Land Sdn Bhd expects record sales and profit by 2012 when development of its Bandar Nusajaya in the Iskandar Development Region (IDR) picks up momentum.

Managing director Wan Abdullah Wan Ibrahim said the development of Nusajaya should reach its “tipping” point by 2011 as new activities and projects were being launched.

Targeted for completion in 30 years, Nusajaya is expected to incur a total gross development cost of RM55bil.