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KUALA LUMPUR, 16 March 2016:

The first phase of the Warisan Merdeka project is poised to generate primary and secondary economic multiplier effects of about RM11 billion, Permodalan Nasional Bhd (PNB) chairman Tun Ahmad Sarji Abdul Hamid said.

He said the first phase of the 118-storey tower project, with a development cost of RM5 billion, would help stimulate economic activities, add value and create more than 10,000 jobs.

Scheduled for completion in 2020, it will also have a seven-level shopping mall, he said, adding that the construction would be closely monitored to avoid cost overruns.

Warisan Merdeka will have four components, firstly, an 82-storey office floors with a total net rental space of approximately 1.7 million sq ft.

“Sixty floors or 73% of Warisan Merdeka will be occupied by PNB and PNB Group of companies, while 22 floors will be opened for rental to local and international companies,” he said at the launch of the project here today.

Prime Minister Datuk Seri Najib Razak, who officiated the project, named the iconic tower as Merdeka PNB118.

Ahmad Sarji said the second component of the tower would be 18 floors of a six-star luxury hotel offering 236 rooms, while (thirdly) the remaining 18 floors would accommodate a Sky Lobby and an observation deck, as well as mechanical and electricity facility floors.

The shopping mall is the fourth component of the project.

Ahmad Sarji said the tower would be the first Malaysian building to satisfy the triple green building platinum accreditations locally and internationally including Green Building Index.

He said government projects around Warisan Merdeka would ensure sustainability of the project.

The Warisan Merdeka project undertaken by PNB on a 19-acre site is expected to be fully completed by 2024.

The 118-storey tower is designed by Australian architecture firm Fender Katsalidis Architects.

The iconic tower is set to become the tallest tower in Malaysia, the second tallest in Asia and the world’s fifth tallest in the ‘Mega-Tall’ category buildings.

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