Berjaya Assets, Foshan City plan duty free trade city at Berjaya Waterfront, JB
13 Jul 2016 / 13:38 H.
KUALA LUMPUR: Berjaya Assets Bhd has inked a memorandum of understanding (MOU) with China's Foshan City Bureau of Commerce (FCBC) to foster trade and investment from Foshan City to the Southeast Asia Duty Free Trade City (SEADFTC) project at Berjaya Waterfront, Johor Baru.
Berjaya Waterfront director Datuk Zurainah Musa said the company has transferred the area into a duty free trade zone by bringing in new trades.
Currently, the zone has 35,000 sq m of retail space and a hotel.
FCBC will come in as a partner instrumental in providing technical support in terms of bringing corporate investment and trading activities from Foshan enterprises to SEADFTC.