LANGKAWI: After keeping a low profile for the last 16 years, developer Tan Sri Ting Pek Khiing will be embarking on a multi-billion ringgit development project in Langkawi.
The Langkawi New City project, expected to cost around RM30bil, will be located on about 81ha of reclaimed land off the west side of the island.
The project, which would be undertaken by his group of companies, would be launched tomorrow, he told a media briefing on the project here yesterday. He did not name the companies.
Ting said the project would involve the construction of about 30,000 high-end condominium units, commercial centres, berthing facilities for ocean liners and yachts and other facilities.
“Several companies in our group will be involved in the development which is expected to be completed in 10 years or even earlier,” he said.
He said the project, which would spur foreign investments in Langkawi, would be the biggest that he ever embarked on since he started his business activities on the island back in 1991.
Ting was reputed to have built a hotel on the island in a record 100 days in preparation for the inaugural Langkawi International Maritime and Aerospace or Lima exposition in 1991.
The Sarawak-born businessman said he had spent over 20 years on the development plan, claiming that he had already won recognition from developers from France, Russia and South Korea. — Bernama