Project Cost

Gross Development Cost (GDC) @ 273 rooms & suites expandable to 432 rooms : RM330 million

  • Construction – RM 250m
  • Fixtures & Fittings & Equipment – RM50m
  • Land, Conversion, Approvals and Contributions – RM30m

Current Status 

  • Develpment Order (DO) granted from MPKB in Nov 2013, valid till Oct 2016
  • Land cleared and leveled for Ground Breaking Ceremony in June 2014 graced by TM Kelantan

Notes

Proposed development has received full support from the Sultan of Kelantan in June 2013

Ground breaking ceremony took place on 24 June 2014 graced by TM Kelantan

Registered with ECERDC to qualify for benefits such as

  • Tax incentive – 100% tax exemption for 10 yrs starting from when company makes statutory income
  • CAPEX incentives – free import duty
  • GLC support for Bumi companies

MOU signing ceremony witnessed by PM on 16 Dec 2013

UKAS, via Teraju & ECERDC, officially granted a grant worth RM26.224 mil via letter dated 16 Oct 2015

Tourism Infrastructure Loan – Consent given by MOTAC on 28 April 2013 to utilise RM100m of their fund

Investors / Financing – discussion ongoing to be finalised