It is shocking to see the Penang Development Corporation and Abad Naluri re-negotiating the deal in which the latter was supposed to acquire 750 acres of land in Batu Kawan from the PDC.

The site of the failed equestrian centre project in Batu Kawan – Photo by Anil
This Batu Kawan land was supposed to have been used for a new equestrian centre among other things around the time the Penang Turf Club entered into an agreement with Abad Naluri to sell its Batu Gantung race-course for the Penang Global City Centre project. Neither project (the PGCC and the new equestrian centre in Batu Kawan) took off.
An Edge report says no money has exchanged hands for the Batu Kawan land even though there was a principal agreement between the PDC and Abad Naluri. If so, hasn’t this agreement, which was entered into in 2004, now lapsed? Shouldn’t the PDC be terminating the deal outright?
