KUALA LUMPUR: Export-Import Bank of Malaysia Bhd (Exim Bank) has extended a US$70mil Islamic overseas investment financing facility to Berjaya Land Bhd
’s wholly-owned subsidiary, Berjaya Okinawa Investment (S) Pte Ltd.
The financing facility is to support the development of the Four Seasons Resort & Private Residences Okinawa, Japan (Four Seasons Okinawa).
In a statement yesterday, Berjaya Land said Berjaya Okinawa Invest TMK, a wholly owned subsidiary of Berjaya Okinawa Investment, would serve as the project developer responsible for the overall planning and construction of Four Seasons Okinawa.
“Spanning 32 acres of pristine beachfront, the Four Seasons Okinawa will offer 279 luxurious accommodations, including 127 resort rooms, 124 high-end condominiums, and 28 exclusive private villas.
“Main construction is in progress, and completion is expected in July 2027, followed by a three-month hotel pre-opening phase with a projected gross development value of US$1.12bil,” it said.
The financing agreement was inked by Berjaya Land Group chief executive officer Syed Ali Shahul Hameed on behalf of Berjaya Okinawa Investment.
Meanwhile, Exim Bank said the Four Seasons Okinawa project exemplified the bank’s mission to promote Malaysia’s global footprint and elevate the presence of Malaysian enterprises on the international stage.
“Looking ahead, Exim Bank will continue to leverage its strategic financing programmes to support the growth of Malaysian businesses abroad.
“This includes initiatives such as the RM500mil export leap scheme, aimed at scaling up Malaysian exporters, and the Malaysia global connect go export cover programme, which provides protection for businesses expanding into strategic international markets,” it said. — Bernama
