Arab Today, arab today chinese company to invest billions in malaysia\s diving haven
Last Updated : GMT 08:52:09
Arab Today, arab today
Arab Today, arab today

Chinese company to invest billions in Malaysia\'s diving haven

Arab Today, arab today

Arab Today, arab today Chinese company to invest billions in Malaysia\'s diving haven

Kuala Lumpur - XINHUA

A Chinese company is looking at a massive 2.5 billion RM (about 0.8 billion US dollars) integrated tourism development project in the diving haven of Pulau Sipadan in Malaysia's eastern state of Sabah, according to a Thursday report. The company, Diving Best, is in discussions with the Sabah Economic and Development and Investment Authority (SEDIA) to facilitate its proposed development of the large-scale tourism project in the Semporna area, according to a report of the local English daily the Star. SEDIA chief executive officer Dr Mohd Yaakub Johari said they had met the officials of the company for the second time on Monday as a follow-up to the first meeting in June last year. He said the China group had expressed strong interest in developing a large area in Sipadan into a tourism-based resort, commercial and high-end residential areas with a focus on marine activities. Under the proposal, he said the project would be developed under five zones, a residential area, commercial development, a high-end resort, a diving school and an administrative centre at a total investment cost of 2.5 billion RM. He said the company expected to attract one million tourists annually, provide 4,000 jobs, house a population of 12,000, and have a construction scale of 700,000 square meters with the project. Diving Best is best known for its Sanya Diving Training Center in Sanya City in China's Hainan Province. Sabah is well-known in China as an eco- and marine-based tourism destination, hence raising the interest of Diving Best to venture into the state.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese company to invest billions in malaysia\s diving haven Arab Today, arab today chinese company to invest billions in malaysia\s diving haven

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese company to invest billions in malaysia\s diving haven Arab Today, arab today chinese company to invest billions in malaysia\s diving haven

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday