Home English News Business BDB-MBI Kedah JV to develop Langkawi Premium Outlets

BDB-MBI Kedah JV to develop Langkawi Premium Outlets

BDB-MBI Kedah JV to develop Langkawi Premium Outlets

KUALA LUMPUR (Bernama) — Bina Darulaman Bhd’s (BDB) joint venture (JV) company with Menteri Besar Kedah Incorporated (MBI Kedah), BDBMBI Langkawi Ventures Sdn Bhd, will be developing an integrated commercial development consisting of premium and business outlets, food and beverage shops as well as recreational facilities in Langkawi.

BDB president and group chief executive officer Faris Najhan Hashim said the project, in collaboration with the Langkawi Development Authority (LADA), would be developed on 16.58 hectares of land in Padang Matsirat, next to Langkawi International Airport.

“The project is divided into several phases and BDBMBI will be focusing on the development of Phase 1 and 2 first, involving a gross development value of RM817 million, while the rest of the phases are for future development.

“The Phase 1 development is known as ‘Malaysia Designer Outlet’ where local fashion outlets, fusion restaurants with exclusive concepts or fine-dining and coffee houses will be developed beginning from October 2021 and fully completed in July 2022, involving the construction of 37 business outlets in 4.07 acres of land (1.65 hectares),” he said in a statement today.

He said almost 100 job opportunities would be created to help boost the local economy and to date, almost 90 per cent of the entrepreneurs in Langkawi and Peninsular Malaysia have confirmed their involvement in Phase 1.

Faris Najhan said Phase 2 would involve the development of 11.74 hectares of land to build “premium outlets” beginning from January 2022 and is expected to be fully completed in March 2024.

“Phase 2 will see offerings of more premium international brands at competitive prices and thus becoming the newest tourist destination and attraction on the resort island.

“BDBMBI is also confident that the development of Phase 2 will further boost the economy in Langkawi by offering almost 1,400 job opportunities to the people of Langkawi in particular and the people of Kedah in general as well as help to overcome the problem of unemployment in the Kedah,” he added.

Source link