AN AMBITIOUS master plan has been unveiled for an iconic waterfront development in what is said to be South-east Asia’s largest cluster of islands, which will feature an international cruise terminal, a theme park, seven-star hotel and the Malaysia Eye.
The 246-hectare Melaka Gateway project by KAJ Development will comprise one natural and two man-made islands with an estimated gross development value of RM40 billion (US$12 billion).
Said Malaysian prime minister Mohd Najib Tun Abdul Razak, who unveiled the plan: “Melaka Gateway is a ground-breaking and innovative tourism product that complements the government’s tourism ambitions. This development is projected to attract an additional 2.5 million tourists over the next 12 years with high-yield consumers expected to contribute substantially to the tourism earnings of Malaysia.”
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