A consortium consisting of Prism Crystal Enterprises Ltd and Tan Sri Dr. Chen Lip Keong and group of companies together with the landowners, Karambunai Corp Bhd and Petaling Tin Berhad, will develop the Karambunai Integrated Resort City (KIRC) as a premier world-class ecotourism destination.
The KIRC will leverage on Malaysia’s competitive advantages in ecotourism and biodiversity, and feature tourism, health and eco-nature edutainment recreation facilities (e.g. water theme park, water spectacles and fountain, cable car, mangrove research centre, harbour cruise, aqua and spa village).
Investment: RM9.6 billion
GNI Impact: RM9.319 billion by 2020
Jobs Created: 11,002 by 2020
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The Board of Directors of Karambunai Corp Bhd (“KCB” or “Company”) is pleased to announce that on 17 March 2011, its wholly-owned subsidiary, Karambunai Resorts Sdn Bhd (“KRSB”) has signed a Joint Venture Agreement (“JVA”) with China Central Asia Group Co. Ltd (“CCAG”) to undertake the proposed development known as “Karambunai Beachfront Mixed Development” (“KBMD” or “Project”) which is the first phase of the Karambunai Integrated Resort City (“KIRC”) development. The KBMD measures approximately 75.0 acres of land (“the Land”) being a portion of the land held under Country Lease No. 045091174 measuring approximately 1,500 acres situated at Menggatal, District of Kota Kinabalu,
