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Land Development

Neguin Investment Company (NIC HOLDING) began its activities with the development and construction of “Ekbatan Entertainment Complex”.

“Ekbatan Entertainment Complex” is one of the largest real estate developments in Tehran, Iran. Designed as an integrated mixed-use development, it will ultimately provide more than 3,500,000 sq. ft. (350,000 sq. meters) of commercial, retail, hotel and entertainment facilities within a beautifully landscaped park setting.

“Ekbatan Entertainment Complex” includes one of the largest shopping centers known as Mega Mall or “Bozorg Bazar” in West of Tehran.

The Joint Venture is a cooperation between Tehran Municipality from Iran (51%) and Neguin Trading Sdn Bhd (49%) from Malaysia.

The project cost estimated at USD 135 million and the development of the project is in 3 phases whereby its phase 1 has started to operate recently.

“Neguin Investment Company” (NIC HOLDING) at the moment already have discussed and communicated with well-known developers such as THP (TABUNG HAJI Property), PKNS (PERBADANAN KEMAJUAN NEGERI SELANGOR), and MK LAND for few new projects in Malaysia. These cooperation acts are about starting new land development projects as co-developer or construction company in the nearest future.