The project, which is worth RM15.1 billion, is jointly sponsored by Goodland Group and Citrine Capital and is expected to be completed in 10 to 20 years.
Located about 10km from the city centre, T-City will showcase a range of motor racing circuits, including an oval circuit, a drag strip and a dirt track; a water-themed park and a motorsports country club.
It will also feature shop offices, auto-galleries and commercial offices, specialty food and beverage outlets, hotels, serviced apartments and a land transport terminal.
State Menteri Besar Datuk Dr Zambri Abdul Kadir said the project will be a boost for the state's tourism industry.
"This will especially help our promotion efforts globally to draw more visitors. This is also part of our vision to internationalize the state of Perak.
"The first phase of the project, comprising 204 acres, is expected to be completed in 10 years’ time," he said in a press conference after attending the ground-breaking ceremony here today. Also present was Goodland Group Limited executive chairman Tan Chee Beng.
Zambry said T-City has been endorsed by the Malaysian Economic Council as part of the state’s key economic transformation programme.
"This development will better position Perak to capture growth opportunities and meet rising expectations of the tourism market," he added.