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UEM Construction, OPUS to form JV

Tuesday, 20 Apr 2010
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Malaysia's UEM Construction Sdn Bhd and India based OPUS Properties are expected to form a 50-50 JV to carry out the business of infrastructure works and building construction works for various projects across the country.

The JV is likely to launch its project named 'Danat-A-Pearl', a gated community comprising residential, commercial and entertainment facilities in Delhi NCR. The project is to spread over an area of 500 acre.

Other projects on the anvil are a 450-acre logistics park in Navi Mumbai, a 400-acre Entertainment City based on 'Bollywood', a 125-acre amusement destination, a 50-acre wellness city, a 25-acre education hub and a 200-acre high-end residential development in Delhi NCR.

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