Karambunai Integrated Resort City

Last updated
Karambunai Integrated Resort City
General information
StatusOn hold
Location Sabah
Town or city Kota Kinabalu
Country Malaysia
Construction started2012
Estimated completion2019
Cost MYR9.6 billion [1] [2]
OwnerKarambunai 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

  1. 1 2 "RM9.6bil Karambunai Resort City plan". Daily Express. 20 April 2011. Retrieved 27 September 2016.
  2. ↑ Siva Sithraputhran (16 September 2011). "Malaysia's economic masterplan faces battle to win big private investment". Reuters. Retrieved 27 September 2016.
  3. ↑ "Karambunai Integrated Resort City". Suria Group. 19 April 2011. Retrieved 27 September 2016.[ permanent dead link ]
  4. ↑ The Report: Malaysia 2012. Oxford Business Group. 2012. pp. 171–. ISBN   978-1-907065-67-5.
  5. ↑ "Karambunai resort potential for 50,000 jobs: CM". Daily Express. 13 January 2011. Retrieved 27 September 2016.
  6. ↑ Joseph Chin (18 March 2011). "Cambodia group to invest RM310m in Karambunai beachfront mixed devt". The Edge (Malaysia). Yahoo! News . Retrieved 27 September 2016.[ permanent dead link ]


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