Karambunai resort potential for 50,000 jobs: CM
Published on: Thursday, January 13, 2011

DEVELOPER and resort operator Karambunai Corp Bhd will build a RM6.5 billion integrated eco-nature resort in Karambunai that will help create thousands of employment for the locals.CM Datuk Seri Musa said President of Karambunai Corp, Tan Sri Dr Chen Lip Keong, briefed the Cabinet about the project on Tuesday.

He said the State Government agreed to the proposed billion-ringgit project.

"However, the company must fulfil the regulations already set," he said.

Given Sabah as a tourism destination State, he said the project over 3,339 acres in a single location is certainly huge and that over a period of 10 years, would create between 20,000 and 50,000 jobs.

He said the Cabinet has requested that the developer give priority to the people in Sabah with regards to the employment. The project also showed the Federal Government commitment to assist Sabah as a key eco-nature destination.

The government is also hoping to attract foreign direct investment (FDIs) with the establishment of the billion-ringgit integrated eco-nature resort.

"It is nature based and (would probably become) the best resort in Sabah controlled by a single owner," he said.

The principal contractor to build the integrated eco-nature resort is Beijing-based CCAG (China).

To a question, Musa said the project is also part of the Tenth Malaysia Plan (10MP).

"It is one of the 133 entry points project that was also announced by the Prime Miinster in the Federal Budget 2011 recently," he said.

It was learnt that the project may look like Singapore Marina Bay Sands that may include waterfront properties and an entertainment centre including a museum, cultural villages, a cable car and a theme park similar to the famed Disneyland.

Sabah-based Karambunai Corp is linked to NagaCorp Ltd, which is listed in Hong Kong and operates a casino in Cambodia.


Other News
Top Stories Today


Follow Us  

Follow us on            

Sabah Top Stories