Melaka Gateway on track


KUALA LUMPUR: The RM43bil Melaka Gateway project is on track with its project status report waiting to be presented to the Ministry of Transport and Port Klang Authority (PKA), said Concessionaire of Melaka Gateway KAJ Development Sdn Bhd (KAJD).

The project consists of three man-made islands and a natural island that will include the Melaka International Cruise Terminal, developed in partnership with US-based Royal Caribbean Cruises Ltd (RCL) on its first island.

“The work on the Cruise Terminal reclamation and jetty is also halfway done and is currently earmarked for completion by the third quarter, 2019,” KAJD said in a statement today.

Chief Executive Officer and Founder of Melaka Gateway Datuk Michelle Ong said the company was continuing its engagements with key stakeholders such as meeting Melaka Chief Minister Adly Zahari and the Council of Eminent Persons (CEP).

At a meeting on June 29, KAJD impressed upon the CEP on Melaka Gateway’s positive generational impact on the state and the country, noting on the company’s viable domestic and regional business plan embraced collaboration between the federal and state governments, along with the private sector and the people.

“Melaka Gateway’s unique ecosystem also differs from other real estate-driven projects by using an industry-led strategy, combining the best aspects of tourism, industrial and commercial elements into one location to drive the project’s viability, long-term sustainability and socio-economic benefits.

“The project is estimated to create between 40,000 and 45,000 jobs over 10 years with a projected economic multiplier that is anticipated to generate RM1.188 trillion for the local economy once it is fully completed, as well as draw further local and regional investment,” she said. - Bernama
 
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Melaka Gateway

   

Did you find this article insightful?

Yes
No

Next In Business News

Unisem's FY20 net profit rises to RM142.79mil
Mah Sing sets higher sales target of RM1.6bil for 2021
Kerjaya Prospek net profit lower at RM90.59mil in FY20
Airline industry expected to remain cash negative in 2021, says IATA
Sime Darby Property sets higher 2021 sales target of RM2.4bil
Maybank posts net profit of RM6.48b in FY20, div 38.5 sen
Sime Darby's 2Q net profit leaps on Tesco stake sale, motors division
Public Bank posts net profit of RM4.87bil in FY20, declares 13 sen payout
Axiata posts RM256mil loss in 4Q, declares 5 sen dividend
Banks, commodity plays shore up KLCI

Stories You'll Enjoy


Vouchers