Khazanah
Nasional Bhd’s resorts and hotels investment with Destination Resorts and
Hotels Sdn Bhd (DRH) estimated that the first phase of Desaru Coast GDV in
Johore to generate gross value of RM5 billion.
This
project is located in 728.43ha site is develop by Desaru Holdings One Sdn Bhd
(DH1) and now 10 per cent is already complete. The first phase willcomplete the
four components which are Datai Langkawi, Sheraton Resort and Plantation Hotel,
the Riverwalk and hospitality, tourism and culinary school.
The
joint-venture between Bagan Cerah Sdn Bhd and Perbadanan Darul takzim with
ratio on share is 70:30 per cent. Desaru Coast is built along 17km beach that
located in strategic east coast of Johor and also provide facilities to other
countries such as Singapore and Indonesia through air, land and sea.
The
luxury destination resorts will be built in second and third phase. Muhd
firdaus said that the first luxury destinations in our region not only
completed other development in Johore but also will boost other development
trades and domestic businesses and new townships.
Mohd
Nadziruddin said that RM 600 million was gained from Malayan Banking Bhd for
the first phase. Khazanah Nasional Bhd also will be put in a seed capital for
the development.
Analysis
Nowadays,
the rate of unemployment is increasing in Malaysia. One of the methods to cater
this issue is the development in the country. So, the benefits of development of
Desaru Coast GDV and the most important things in the development are the job
opportunities will increase. For this Desaru coast GDV will create over 3,500 job
opportunities to the Malaysian.
As we
know, the development in the country gives the positive impressions to the
country. One of the criteria of the developing countries is based on their
facilities, public transportations and development of buildings. Due to the
fact, Malaysian can attract investors from outside to invest in Malaysia. The
increment Foreign Domestic Investment (FDI) is important that shows to the
world that Malaysia is a safe to invest because of positive impressions from
foreign investors.
In
addition, the Desaru Coast GDV can contribute to strengthen our neighbourhood
country such as Singapore and Indonesia because it is built on the east coast
of Johor. The connectivity between these countries can accelerate the economics
on those countries. As developing countries, we need to depend on each other to
develop our economy.
Last
but not least, with the development of Desaru Coast GDV, it can attract
tourists from inside but also outside of Malaysia to come and visit Malaysia.
We need to promote our attractive spots in Malaysia to gains belief of
foreigners to come and it shows we need development that can boost our tourism.