Home › Business › Business News
Wednesday, 9 April 2014
By: THEAN LEE CHENG
“The new attraction – Nickelodeon Explorer’s Oasis – will occupy 10 acres of the theme park and is expected to be completed in March 2015,” said Sunway Group founder and chairman Tan Sri Dr Jeffrey Cheah.
PETALING JAYA: The Sunway Group has expanded its collaboration with content provider Viacom International Media Networks Asia to develop a RM100mil Nickelodeon-themed attraction – the first in Asia – on its 88-acre Sunway Lagoon theme park.
“The new attraction – Nickelodeon Explorer’s Oasis – will occupy 10 acres of the theme park and is expected to be completed in March 2015,” said Sunway Group founder and chairman Tan Sri Dr Jeffrey Cheah at a press conference.
He, however, declined to say how much the new investment would add to the theme park’s revenue.
Nickelodeon is a top global entertainment brand focused on kids and families.
Although the theme park’s contribution to group revenue is in the single-digit range, it is an important component of Bandar Sunway’s success.
Cheah said the theme park would have between 30 and 40 acres left after developing Nickelodeon Explorer’s Oasis, which comes with various water attractions.
The development will have its own retail shops, games as well as food and beverage outlets.
This is Sunway’s second collaboration with Nasdaq-listed Viacom after MTV World Stage, a three-year tie-up which started last year.
The group will sign a five-year collaboration with Viacom for the Nickelodeon partnership.
The Sunway Group has two theme parks currently, Sunway Lagoon and The Lost World of Tambun in Perak.
It is expected to build a third theme park in Iskandar Malaysia in Johor, where it has two parcels of land with a combined acreage of about 728ha.
Sunway plans to inject RM2bil worth of projects over the next three years
Brent drops below US$87 as Fed optimism lifts dollar
TM research arm wins Witsa award for LED connectivity tech
Thailand cuts 2014 GDP and export forecasts
Shell beats Q3 earnings expectations, appoints new chairman
Nintendo to develop "quality of life" device to track sleep, fatigue: CEO
Apple in talks to sell iPhone in Iran: report
Microsoft launches wearable fitness device for US$199
Political crisis in Kosovo thwarts president's historic Serbia visit
M. Night Shyamalan brings the scares to TV
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)