To be developed by BriSteel Properties Sdn Bhd, the project covers a 10ha area located not far from the Lahad Datu town centre.
The project involves the construction of a commercial complex with 196 shop and office units as well as 35 detached home units and industrial warehouses.
Launching the project yesterday, Palm Oil Industrial Cluster (POIC) Sabah chief executive officer Datuk Dr Pang Teck Wai said the project would contribute towards enlarging the business opportunities in Lahad Datu.
"The project will make Lahad Datu even more attractive for investors and I would like to encourage the business community to explore business potential generated by the development of the POIC," he said.
Lahad Datu is also famous for its tourist attractions such as the tabin Wildlife Centre and Danum Valley Conservation Centre.
Pang said if the development in POIC is well planned, it could also become a place that attract tourists.
BriSteel Properties managing director William Chee said the PortCity@POIC project which will be developed in three phases is expected to be fully completed within three years.
By Business Times
