Lim Kang Hoo
| Lim Kang Hoo | |
|---|---|
| Born | 1955 |
| Occupation | Chairman, Ekovest Berhad & Iskandar Waterfront Holdings |
| Net worth |
 US$1.1 billion |
Tan Sri Dato' Lim Kang Hoo (born 1956) is a Malaysian businessman and investor. He is the founder, chairman and chief executive of Iskandar Waterfront Holdings and Ekovest Berhad. Both corporations manage infrastructure construction projects, as well as mega property development. Tan Sri Lim is also linked to other public listed companies in directorial roles; PLS plantations, holding 40,000 acres in palm oil plantations and Knusford Berhad and Tebrau Teguh Berhad.
In 2014, Forbes estimates his stake in Ekovest - a construction firm for mid-sized infrastructure projects in the Klang Valley, and the construction vehicle for its Iskandar region developments - at $1.1 billion (USD) ranking him on the Malaysian Forbes Richest List. Later, in 2015, Forbes further estimated an additional stake in Iskandar Waterfront Holdings to be worth $925 million (USD).
In January 2016, Tan Sri Lim succeeded on a bid on the Bandar Malaysia project worth $1.7 billion (RM 7.41 billion) The Joint Venture partners are dedicated to developing an underground city project spanning over 15 years with a gross development value of USD $53 billion.
Tan Sri Lim is referred as 'helicopter-man' by the locals as he frequently commutes between his office in Kuala Lumpur and his project birthchild, Iskandar Malaysia privately via his rotorcrafts. Tan Sri Lim's Ekovest Berhad is also the 2016 sponsor for the Kuala Lumpur National Football Association.
A company that Lim co-founded, Ekovest, is known for its involvement of the construction of the Petronas Twin Towers, Kuala Lumpur International Airport, and main buildings within Putrajaya, the country's federal administrative centre. Other projects include highway construction projects e.g. DUKE highway, and its successive phases.
Iskandar Waterfront Holdings has a Gross Development Value of RM 125 billion ($44 billion) in projects on the 4,000+ acres of land in the Iskandar region. Past collaborative investors in the Iskandar region include billionaires Robert Kwok, Peter Lim, Jeffery Cheah, as well as few of the largest real estate development companies from China (Country Garden Holdings, Greenland) and Australia.
On the west side of Iskandar, Tan Sri Lim has plans to convert Johor Bahru into a waterfront destination with cruise terminals, marina, residences, offices, hotels and convention centers. Here he has sold land to one of the top developers in China, Country Garden. Most of the current projects are being developed in a joint venture with his company, Iskandar WaterFront Holdings, in which he holds 60%, and has been scheduled for its initial public offering (IPO).
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Wikipedia