PNB studying skyscraper project

Posted on | December 15, 2009

By BUSINESS TIMES


PERMODALAN Nasional Bhd (PNB) has said that it will study the viability of building a 100-storey skyscraper in the vicinity of Stadium Merdeka.

“We are still studying the matter,” chief executive officer Tan Sri Hamad Kama Piah Che Othman said when asked about the project.

The New Straits Times had reported that three sites in Kuala Lumpur city had been identified for the development of iconic structures to spur growth in the economy.

One of them is the area surrounding Stadium Merdeka owned by PNB’s subsidiary company.
“We need to bring this to the board to discuss further,” Hamad Kama Piah said after the announcement of Amanah Saham Bumiputera’s income distribution in Kuala Lumpur yesterday.

He did not indicate when the board meeting would take place, but said there would be an announcement as soon as a decision was made.

“We are not sure when the announcement will be made, but it will be soon,” Hamad Kama Piah said, adding that the site concerned was owned by one of its subsidiary companies.

He declined to name the company or share details of the proposed development.

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