GAMING group Genting Bhd is working on a deal to bring Premium Outlet Centres to Malaysia, a project that would become another attraction in the Iskandar Development Region. It signed an exclusive memorandum of understanding (MOU) with Chelsea Property Group, a subsidiary of US retail giant Simon Property Group Inc, to jointly study the establishment of Premium Outlets branded centres in Malaysia. Chelsea is the world's largest developer, owner and operator of outlet shopping centres, with interests in 46 Premium Outlet Centres located in the US, Japan, South Korea and Mexico.
(23-1-2008 New Straits Times)
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