| Karambunai Integrated Resort City | |
|---|---|
| General information | |
| Status | On hold |
| Location | Sabah |
| Town or city | Kota Kinabalu |
| Country | Malaysia |
| Construction started | 2012 |
| Estimated completion | 2019 |
| Cost | MYR9.6 billion [1] [2] |
| Owner | Karambunai Corp Bhd Petaling Tin Berhad |
The Karambunai Integrated Resort City is a mixed development project comprising a water theme park, water spectacles, a fountain, a cable car, a mangrove research centre, a harbour cruise, and a spa village. This resort is part of the Tenth Malaysia Plan (10MP) and Economic Transformation Programme (ETP). [1] [3] It is the largest resort project in Sabah, [4] covering over 3,339 acres and is expected to create between 20,000 and 50,000 jobs for locals. [5]
In 2011, Cambodia's China Central Asia Group (CCAG) teamed up with Karambunai Corp to invest around RM310 million in the project. [6]
References
- ^ a b "RM9.6bil Karambunai Resort City plan". Daily Express. 20 April 2011. Retrieved 27 September 2016.
- ^ Siva Sithraputhran (16 September 2011). "Malaysia's economic masterplan faces battle to win big private investment". Reuters. Retrieved 27 September 2016.
- ^ "Karambunai Integrated Resort City". Suria Group. 19 April 2011. Retrieved 27 September 2016.
- ^ The Report: Malaysia 2012. Oxford Business Group. 2012. pp. 171–. ISBN 978-1-907065-67-5.
- ^ "Karambunai resort potential for 50,000 jobs: CM". Daily Express. 13 January 2011. Retrieved 27 September 2016.
- ^ Joseph Chin (18 March 2011). "Cambodia group to invest RM310m in Karambunai beachfront mixed devt". The Edge (Malaysia). Yahoo! News. Retrieved 27 September 2016.
External links
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