Thursday, 13 February 2014

Royal Caribbean a partner in Malaysia project

Royal Caribbean a partner in Malaysia project

By Tom Stieghorst

Royal Caribbean International is one of the companies signing a memorandum of understanding to co-develop a destination called Melaka Gateway said to cost $12 billion over 10 years.

The project will be built on three islands in Malaysia covering 609 acres. It will include a cruise terminal, a 1,000-slip marina and a ferry terminal as well as luxury hotel and condominium components.

The lead developer is KAJ Development. The prime minister of Malaysia officiated at the unveiling last week of a master plan for the project, which is expected to boost tourism to Malaysia by 2.5 million visitors over 12 years.