IPOH: THE developing Meru Raya Township near Jelapang, famous for its rapid commercial and residential development is expected to achieve a gross domestic value (GDV) of RM5.4 billion by year 2020.
Mentri Besar Datuk Seri Dr Zambry Abdul Kadir said he is optimistic with the GDV target as developments that were taking place in the area over the years have begun to be established.
"One by one we can see new developments taking place here, with the latest being the Casuarina Hotel that is due for completion in June," he said.
"Developers, investors and buyers are turning their attention towards this area for both residential and commercial properties," he told reporters after visiting the hotel construction site, here, yesterday.
Zambry said, the township situated between Jelapang and Chemor have both commercial and government agencies who have established their buildings and administrative offices there.
Among the government agencies established there are the National Registration and the Immigration Departments.
The township which has the infrastructure amenities of a modern city was once marked as a state administrative centre, with the emergence of numerous government offices.
On plans to turn Meru Raya into the state's administrative capital, Zambry said there was such an idea before.
"Due to the mixed development in the area, at the moment I don't think we will go into it," he added.
The new Aman Jaya bus terminal -- Terminal Aman Jaya and a Mydin Hypermarket located within the township, has started operations late last year.
The hotel owned by Casuarina Hotel Management Sdn Bhd, a subsidiary of Perak Corporation Bhd (PCB) is currently 75 per cent completed.
PCB development Sdn Bhd chief executive officer Ibrahim Yaacob said the total investment at the township to date stood at RM2.4 billion.
He said development is being carried out in phases, with about 84ha (208 acres) meant for the development of government institutions.