The company’s executive chairman says revival of the project is on track with the participation of new shareholders and investors.
A model of the proposed Melaka Gateway mega project which includes an international cruise terminal.
Daing A Malek Daing A Rahaman, executive chairman of KAJ Development Sdn Bhd, said infrastructure development would resume with the construction of the Melaka International Cruise Terminal. “The revival of Melaka Gateway is on track as a result of the participation of new shareholders and investors as well as the formation of a dynamic leadership team,” he said.
The largest shareholder is KAJ chief executive Siow Yoke Foong with a 35% stake valued at RM7 million, the report said.
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