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NAIM, CAHAYA MATA, BINTULU DA to develop RM1.5 Bil Samalaju

Naim Holdings Bhd (NAIM),  Cahya Mata Sarawak Bhd (CMSB) and Bintulu Development Authority (BDA) have formed a joint venture (JV) to develop the proposed Samalaju new township, which is estimated to cost at least RM1.5bil. Located within Sarawak Corridor of Renewable Energy, the project will comprise residential developments, schools, clinics, commercial centres and recreational facilities for about 50,000 people. Naim has a 60% stake in the JV while CMSB and BDA hold 30% and 10% respectively. BDA is the state agency tasked with the planning and development of Bintulu. (Star)