21-06-2006, 12:19 PM
Join Date: Jun 2006
Location: Global Citizen
Theme Park venture in Johor Bahru on UEM World list
Report from The STAR dated Wednesday 21 June 2006 :-
Theme park venture in Johor Bahru on UEM World list
By NICK LEONG
KUALA LUMPUR: UEM World Bhd is in talks with “at least four” theme park operators on the development of its leisure and entertainment zone in Bandar Nusajaya, Johor.
Managing director and chief executive officer Datuk Ahmad Pardas Senin said although discussions were still at the exploratory level, there was a general acceptance that Bandar Nusajaya was an excellent location for the operators.
“We are talking to more than four parties, including the big one that we are being speculated with (Disney).
“It will take some time (for the talks to concluded) because we have to talk from the commercial and financial standpoints,” he told reporters after the company AGM yesterday.
Asked if UEM World was in talks with Disney Tokyo or the parent company, Ahmad Pardas said there were talks at various levels.
“You start by talking with the party closest to you and then move to the epicentre,” he added.
He said it was hard to forecast how long the talks would last because it involved more than two parties.
“We have started to create interest and they are looking at the region seriously,” he said.
Bandar Nusajaya was taking shape compared with two years ago, he said, adding that the township would site the Johor government's new administrative centre, a medical city, and an education hub.