Qhazanah Sabah Teams Up With Bina Indah To Develop The Hill @ Damai Project
KOTA KINABALU, June 16 (Bernama) -- Qhazanah Sabah Bhd (QSB) today signed a joint development agreement (JDA) with Bina Indah Development Sdn Bhd for the development of The Hill @ Damai here.
QSB chairman Datuk Dr Yusof Yacob said the JDA outlines the development of a mixed-use urban revitalisation project on 5.26 hectares located adjacent to Hospital Queen Elizabeth II.
He said The Hill @ Damai will be Sabah's first development integrating a medical ecosystem with a high-end modern commercial precinct, with an estimated gross development value exceeding RM500 million.
“This groundbreaking development will be a modern commercial hub that combines medical ecosystem development with contemporary lifestyle offerings. Among other features, the project will provide more than 1,500 parking bays,” he said in his speech at the signing ceremony at Menara Kinabalu here today.
Yusof said the state government believes the project will generate significant economic benefits at a macro level and provide substantial revenue for both QSB and the state government.
Signing on behalf of QSB were Yusof and deputy group chief executive officer Rudy Jaglul, while Bina Indah Development was represented by director Kenyo Chu and executive director Allison Tey Phing Phing.
Sabah Minister of Industrial Development and Entrepreneurship Datuk Phoong Jin Zhe witnessed the ceremony.
When completed, The Hill @ Damai is expected to offer over 500,000 square feet of commercial space.
The project, slated for completion within five years, is projected to create over 1,000 jobs and attract substantial economic activities.
At the same event, Sabah's first mid-scale halal-certified industrial hub, the Q-SME Halal Industrial Park, was launched.
Yusof said the facility is located within the Halal Malaysia (Halmas)-certified zone in Kota Kinabalu Industrial Park (KKIP). As of May, construction is 77 per cent complete, with full completion expected by year-end.
He said the Q-SME Halal Industrial Park, which began construction in early 2023, consists of 17 ready-built warehouse units, with each unit designed to become a launch pad for high-quality, halal-certified products from Sabah.
Yusof said the park features a centralised one-stop halal centre to streamline certification, production, marketing, and export processes, enhancing ease of doing business for halal-focused small and medium-sized enterprises.
“Strategically situated near Sabah Ports and backed by agencies such as the Department of Islamic Development Malaysia (JAKIM), Sabah Islamic Religious Council (MUIS), and the Halal Development Corporation, the park is poised to position Sabah as a rising player in the regional halal export ecosystem,” he added.
-- BERNAMA