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Wed 9 Apr 2014 01:49 PM

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Alabbar firm launches $1.2bn Malaysia island project

Perdana Quay is a leisure, retail, residential and commercial development; will target luxury travellers

Alabbar firm launches $1.2bn Malaysia island project

Tradewinds Corporation, a leisure and hospitality owner-operator in Malaysia chaired by Emaar chief Mohamed Alabbar, on Wednesday unveiled the masterplan of its flagship $1.2 billion project Perdana Quay in Langkawi.

Perdana Quay is the island's first integrated leisure, retail, residential and commercial development, targeted at luxury travellers seeking an ecological and nature-oriented option to more conventional destinations like Phuket and Bali.

Malaysian Prime Minister Mohd Najib Tun Razak unveiled the masterplan and also marked the ground-breaking of The Burau Langkawi, a luxury deluxe resort that marks the first phase of Perdana Quay, in the presence of Dr Mahathir Mohamad, former Prime Minister, Mukhriz Mahathir, the Chief Minister of Kedah state; and Alabbar.

The Burau Langkawi is expected to be completed by end-2017, and will feature 245 deluxe rooms and 60 luxury villas including 26 ultra-luxury villas on Pulau Anak Burau.

Overall, Perdana Quay will echo of some of the most famous resort destinations in the world, including Malibu, the Maldives and Monaco.

Alabbar said: "Perdana Quay will energise the economy of Langkawi by creating a world-class leisure and lifestyle destination. It will be a magnet for tourists, as well as for investors seeking high-end residences in a spectacular beachfront location.

"We are thankful to the authorities for their support and encouragement to the project. Tradewinds Corporation will bring world-class design and construction competencies to Perdana Quay, which will create new jobs, support local industries and strengthen the tourism sector."

Nestled in a sheltered bay on the island's north-western corner facing the Andaman Sea, Perdana Quay will be developed over 10 years in six phases and is aimed at tourists from fast-growing Asian countries like China, Singapore and the Middle East.

Spread over 240 acres of land at Pantai Kok-Teluk Burau on the northwest of the island, the project will be developed into five distinct components, including waterfront holiday villas, lake homes and other luxury residential properties.

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