Langkawi's first integrated leisure, retail, residential and commercial project is set to come up in the north-west Pantai Kok-Teluk Burau area of the island in the next decade, while a Movie Animation Park Studios theme park is slated for development in Meru, Perak.
Property and leisure group Tradewinds is pumping in some RM4 billion (US$1.2 billion) into the first project, Perdana Quay, and is targeting luxury travellers, reported Malaysian newspapers yesterday.
The project spans 10 to 12 years and will be built in six construction phases covering a total of 96 hectares of land. Phase one and two will include nature and family-oriented attractions such as butterfly, forest and water-themed adventure parks.
According to a recent report in Malaysian daily The Star, phase three will see the development of retail outlets, hotel and convention facilities aimed at Malaysia’s traditional tourist markets – China, Middle East and the UK.
The report further added that phase four and six will roll out the marina, waterfront, foothills and lakeside-serviced residences while phase five will see the construction of a spa and wellness centre.
Tradewinds’ group chief executive officer, Shaharul Farez Hassan, was quoted as saying: “It is a unique destination providing an enviable mix of luxurious resort hotels, vibrant yet refined shopping and entertainment, unique nature-themed tourist attractions and distinctive residential properties.”
Meanwhile Australia-based multi-national corporation, Sanderson Group, is making its inaugural investment in Malaysia to develop a Movie Animation Park Studios (MAPS) which is scheduled for completion by end-2015.
Located on a 20.8-hectare site in Meru, off the North-south Expressway, the project is a partnership between Sanderson Group and Perak Corporation.
MAPS will feature six zones and will bring to life DreamWorks animated features such as Mr Peabody & Sherman and Casper the Friendly Ghost.