Karambunai Integrated Resort City
General information
StatusOn hold
LocationSabah
Town or cityKota Kinabalu
CountryMalaysia
Construction started2012
Estimated completion2019
CostMYR9.6 billion[1][2]
OwnerKarambunai Corp Bhd
Petaling Tin Berhad

The Karambunai Integrated Resort City is a mixed development project comprising a water theme park, water spectacles, a fountain, a cable car, a mangrove research centre, a harbour cruise, and a spa village. This resort is part of the Tenth Malaysia Plan (10MP) and Economic Transformation Programme (ETP).[1][3] It is the largest resort project in Sabah,[4] covering over 3,339 acres and is expected to create between 20,000 and 50,000 jobs for locals.[5]

In 2011, Cambodia's China Central Asia Group (CCAG) teamed up with Karambunai Corp to invest around RM310 million in the project.[6]

References

  1. ^ a b "RM9.6bil Karambunai Resort City plan". Daily Express. 20 April 2011. Retrieved 27 September 2016.
  2. ^ Siva Sithraputhran (16 September 2011). "Malaysia's economic masterplan faces battle to win big private investment". Reuters. Retrieved 27 September 2016.
  3. ^ "Karambunai Integrated Resort City". Suria Group. 19 April 2011. Retrieved 27 September 2016.
  4. ^ The Report: Malaysia 2012. Oxford Business Group. 2012. pp. 171–. ISBN 978-1-907065-67-5.
  5. ^ "Karambunai resort potential for 50,000 jobs: CM". Daily Express. 13 January 2011. Retrieved 27 September 2016.
  6. ^ Joseph Chin (18 March 2011). "Cambodia group to invest RM310m in Karambunai beachfront mixed devt". The Edge (Malaysia). Yahoo! News. Retrieved 27 September 2016.