KUALA TERENGGANU, Oct 5 (Bernama) -- The Terengganu State Economic Development Corporation (PMINT) hope to complete the construction of a RM120 million mega complex in the city, by 2012.

PMINT general manager Datuk Zakaria Awang said the complex would comprise a 11-storey 210-room hotel, office space, four-storey commercial building and a three-storey car park.

"The project, temporarily named Paya Bunga Square, is the first of its kind in Terengganu and will be a landmark for PMINT," he told reporters when met at the PMINT Hari Raya event on Tuesday.

He said the complex was under construction behind the PMINT office in Jalan Masjid Abidin and next to the Kuala Terengganu City Council bus terminal here.

Zakaria said PMINT's move to build the complex was timely with the state government's wish to expedite development in the city.

As for the hotel, Zakaria said he hopes to find interested parties to purchase or rent the premises.

In another development, Zakaria said the PMINT would also construct four blocks, comprising 128 units of medium and high-cost housing in the Islamic Civilization Park, here.

He said clearing works on the 8-hectare land near the park would be carried out immediately to enable the project to start early next year.

Besides that, the corporation also plans to develop the old bus terminal located in Jalan Masjid Abidin, here.

-- BERNAMA