BIA's Mega Project Begins In KL

Bandar Seri Begawan - The Brunei Investment Agency yesterday announced that its Malaysian subsidiary Bahagia Investment Corporation (M) Sdn Bhd is constructing a 42-storey mixed-use development project in Kuala Lumpur, consisting of a five-star hotel facility with 361 guest rooms, 38 serviced apartments, approximately 18,000 square metres of office space, restaurants and meeting facilities. 

Global Hyatt Corporation will manage the hotel and service apartments under its Grand Hyatt brand, while Bahagia Investment Corporation (M) Sdn Bhd will manage the office space. The development is located along Jalan Pinang in the heart of Kuala Lumpur City Centre (KLCC) and is scheduled for completion by the first quarter of 2012. A foundation laying ceremony was held yesterday to mark the start of the construction of the project. Pehin Orang Kaya Seri Kerna Dato Seri Setia Haji Awang Abu Bakar bin Haji Apong, Minister of

Communications, acting in his capacity as the Chairman of the Board of Directors of the Brunei Investment Agency, was present at the event. Also present were Awang Haji Bahrin bin Hj Abdullah, Permanent Secretary at the Ministry of Finance and a member of the Board of Directors of the Brunei Investment Agency, and Dr Haji Mohd Amin Liew bin Abdullah, Permanent Secretary at the Ministry of Finance and Managing Director of the Brunei Investment Agency. Other attendees included the Directors of Bahagia Investment Corporation (M) Sdn Bhd and representatives of the Brunei High Commission in Malaysia, Dewan Bandaraya Kuala Lumpur, Global Hyatt Corporation, project consultants and the main contractor. Following the foundation laying ceremony, the minister toured an exhibition displaying plans and a building model for the project. One of the more notable design features of the project will be the hotel lobby, which will be at the top level of the building. Guests checking into the hotel will be whisked to the top floor lobby, via dedicated express elevators and upon arrival in the lobby will be greeted by an impressive 360-degree view of downtown Kuala Lumpur.    Source: Courtesy of Borneo Bulletin