Will it be the similar Iskandar? Certainly not. Melaka will continue to be tourism states. With Melaka Gateway, they have bigger and better vision.
Melaka Gateway is a project with 12 mixed precincts including residential, commercial, cultural, entertainment and lifestyle elements. The full completion is expected b y 2025.
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.
If the planned materialised, the chances for Melaka Gateway looks better.
The master developer had signed memorandums of understanding with five international companies, namely, TRE Development Pte Ltd from Singapore, Skyye Group Pte Ltd from Italy, Rinani International Aero Marine which is a Korean-Malaysian joint venture (JV), Kasen International from China and Royal Caribbean Cruise from the US.
Kasen International is the project's first international investor and will be developing hotels and condominiums with a projected gross development value (GDV) of RM1.9 billion while TRE Development has acquired six acres of land for RM88 million.
Meanwhile, Skyye Group will bring in 200 branded goods and Royal Caribbean Cruise will jointly develop the cruise jetty with KAJD.(source The Sundaily)
ORDOS