Thursday, April 13, 2006

Malaysia's Nadicorp to invest in Indonesian transportation

Nadicorp Holdings, one of Malaysia's biggest conglomerates, has expressed its interest to invest in Jakarta's transportation system, Tempointeraktif.com quoted governor Sutiyoso after a meeting with Nadicorp executives today.
While no specific commitment made, Sutiyoso mentioned Nadicorp's plan to expand its business in Jakarta's busway and railway system connecting Kota Station in Jakarta and international airport Soekarno Hatta in Tangerang, Banten province.
Nadicorp is an investment holding company with a 23 operating subsidiaries engaged in various activities. Under the leadership of Dato' Mohd. Nadzmi Mohd. Salleh, Nadicorp has grown to become one of the largest private bumiputra (indigenous Malay) conglomerates today. Nadicorp has 5 main business units: Transportation, Manufacturing, Property & Plantation, Defence and other support services.

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