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RM9.6bil Karambunai Resort City plan
Published on: Wednesday, April 20, 2011

In Sabah, a consortium comprising Prism Crystal Enterprises Ltd, Tan Sri Dr Chen Lip Keong and group of companies together with landowners, Karambunai Corp Bhd and Petaling Tin Bhd, will develop the Karambunai Integrated Resort City (KIRC) with an investment of RM 9.6 billion.

Contributing a GNI of about RM9.319 billion by 2020 and creating about 11,002 jobs by then, this premier world-class ecotourism destination will leverage on Malaysia's competitive advantages in ecotourism and biodiversity, and feature tourism, health and eco-nature edutainment recreation facilities, he said.

This will also include a water theme park, water spectacles and fountain, cable car, mangrove research centre, harbour cruise, aqua and spa village amongst others.

Led by the Federal Agriculture Marketing Authority (FAMA), the "Pasar Komuniti" initiative (PAKAR) is a concerted effort to co-ordinate and amalgamate them in location with better facilities.

"With an investment of RM50 million, PAKAR will not only benefit the entrepreneurs but also the consumers, who will experience convenience and comfortable shopping within a solid and fixed structure," Najib said.


This project will contribute RM3.52 billion in GNI annually by 2020 and create 56,400 jobs. - Bernama

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