Labuan Corp tenders out three prominent projects


LABUAN: Local authority the Labuan Corporation (LC) has tendered out three prominent development projects as part of efforts to recover its investment and boost its coffers as well as the duty-free-island’s economy as a whole.

The projects are the popular tourism spot of Pulau Papan, the esplanade by the old fisheries jetty on Jalan Merdeka in the downtown area, and the RM86 million Labuan Halal Hub Complex.

The tender for the 8.127-hectare Pulau Papan is to seek investors, property developers and contractors to construct facilities for tourism recreation, hotels, tourism commercial centre and related activities.

The island, which is popular for sea sport activities including snorkelling, currently has four chalets with three rooms each, an administration office with a meeting room and staff quarters, a generator house, a store, an open hall, a jetty, camping sites, toilets and other basic facilities.

The esplanade project is for the construction of facilities for related activities and duty-free shops.

When contacted, an LC spokesman said the esplanade project had long been planned by the LC as part of its long-term tourism development for the island.

The tender for the much-talked-about Labuan Halal Hub Complex at Kiamsam, which he said has not benefited Labuan economically, is for the lease of the entire building to licensed property developers.

He said the three projects are expected to commence next year upon approval by the LC’s tender committee.

The tenders were posted on the Labuan Corporation website and open from June 21 to July 11. - Bernama

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ni Hsin delivers first batch of 43 SURRON electric motorcycles to Chinese partner
Minimum wage exemption in Budget 2027 to help MSMEs adjust recruitment, salaries - SME Corp
Yinson Production achieves first oil at Vietnam’s Lac Da Vang field ahead of schedule
Ringgit ends easier vs US dollar amid AI-related share price concerns
Redtone appoints Robin Tan as executive deputy chairman
U Mobile, MRT Corp ink MoU to provide 5G coverage at RTS Link complex
Propel Global unit inks MoU to explore oil and gas projects in Sabah
CelcomDigi proposes RM10bil sukuk programme
Affin Group appoints Doreen Choo as Affin Pheim CEO
BNM, Bank of Thailand join Singapore’s bloom cross-border digital money initiative

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read