AME to invest Rm25 mln for two new blocks of I-Stay@Indahpura

KUALA LUMPUR, July 27 -- Real estate services player, AME Elite Consortium Bhd (AME) intends to invest RM25 million in capital expenditure to build two new blocks of i-Stay@Indahpura workers’ dormitories to support the requirements of customers at its i-Park@Indahpura industrial park.

In a statement today, it said the two additional hostel blocks will be able to accommodate almost 2,700 people in total, raising the accommodation capacity at I-Stay@Indahpura by 54 per cent to about 5,900 people including the current dormitories

AME executive director Simon Lee said with the existing dormitories in i-Stay@Indahpura were currently 99 per cent occupied, the new dormitory blocks would expand the capacity to attract more multinational companies (MNCs) and local enterprises to establish their bases in i-Park@Indahpura industrial park.

“Moreover, Johor has been consistently ranked as Malaysia’s top foreign and domestic investment destination, particularly from the manufacturing sector,” he added.

“We endeavour to reinforce this standing by expanding the capacity and features at our i-Park industrial park, so that the state enhances its appeal to attract top-notch investments from all over the world,” he said today.

The company stated, upon completion in 2021, the AME enlarged dormitory capacity in i -Stay@Indahpura and i-Stay@Senai Airport City would increase to more than 8,400 persons.

AME currently is constructing and operating two integrated industrial parks in Johor which are i-Park@Indahpura (Phase 3) and i-Park@Senai Airport City (Phases 1, 2, and 3).

--BERNAMA