SINGAPORE (April 17): Astaka Holdings today unveiled show units for its new development in Pengerang, Johor, where over US$7 billion ($9.8 billion) in downstream investments has just been announced by the Saudi state oil company Saudi Aramco.

Astaka is displaying show units of terrace houses for its 363-acre Bukit Pelali strata township, which is a gateway to the mega Pengerang Integrated Petroleum Complex (PIPC).

Saudi Aramco’s US$7 billion investment in a PIPC downstream project known as the Refinery and Petrochemical Integrated Development (RAPID) project is being developed by Malaysian state oil company Petronas.

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