The $12 billion project in Malacca known as Melaka Gateway was launched yesterday and will open to visitors in 2018. Melaka Gateway is a project with 12 precincts including residential, commercial, cultural, entertainment and lifestyle elements. It is scheduled for completion by 2025. The 609-acre project which is b
The $12 billion project in Malacca known as Melaka Gateway was launched yesterday and will open to visitors in 2018.
Melaka Gateway is a project with 12 precincts including residential, commercial, cultural, entertainment and lifestyle elements. It is scheduled for completion by 2025. The 609-acre project which is being developed by KAJ Development Sdn Bhd (KAJD) will see the 1st phase attracting some 900,000 visitors during the first year of operations, said KAJD CEO Datuk Michelle Ong.
Ong said the 1st phase, which will be built on Pulau Melaka, will include Malaysia Eye, two hotels, several resorts, a heritage walk, a fashion district and a marina terminal. Its marina terminal will be the largest in Asia, tapping into the growing number of cruise ships plying the route which currently do not stop at Malacca due to lack of facilities.
According to Ong, the company obtained the concession for the project in September 2010 and received all approvals for the project last September.
KAJD will be the master developer of the project and it is currently in negotiations with various potential partners and investors for the project.
KAJD which is predominantly a construction company, currently manages Malacca Zoo and Bird Park. It was also the company that undertook the revamp of Malacca River.