SUTL Enterprise Ltd and UEM Sunrise Bhd to develop Puteri Habour Marinas

SUTL Enterprise Ltd and UEM Sunrise Bhd to develop Puteri Habour Marinas

SINGAPORE, Feb 22 — UEM Sunrise Bhd is partnering SUTL Enterprise Ltd to develop Puteri Harbour marinas with a total investment of about S$66.6 million (about RM199.18 million).

The project, which comprises the development of a private marina, a mega yacht marina and a public marina, will be developed under the ONE15 brand.

For this purpose, SUTL Enterprise’s wholly-owned subsidiary, SUTL Marina Holdings Pte Ltd (SMHPL), has entered into an agreement with UEM Sunrise via its wholly-owned subsidiary UEM Land Bhd to form a joint venture company.

— BERNAMA

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