Wednesday, January 12, 2011

RM75m resort for Pulau Gaya

Prime Minister Datuk Seri Najib Tun Razak has announced 19 more Entry Point Projects (EPPs) under the Economic Transformation Programme (ETP) which will generate almost RM67 billion in investments, RM36 billion in gross national income and create 35,000 new jobs.

Since the launch of ETP on Oct 25 last year, 18 EPPs have been previously announced.

He said said the 19 EPPs and development projects would come from 10 National Key Economic Areas (NKEAs), led by four EPPs under the oil, gas and energy NKEA.

Under the Tourism NKEA, he announced that the YTL Group would build the Pulau Gaya Resort, Sabah.

"Set amidst a rainforest, on the idyllic island off the coast of Kota Kinabalu, this RM75 million property will be a deluxe family resort that will certainly boost tourist receipts in Sabah," he said.

He also said Malaysia is recognised globally as a leading tourism destination and this sector is the fifth largest contributor to the country's gross national income (GNI) at present.

He said ExxonMobil Exploration and Production Malaysia Inc, together with its production sharing contract partner Petronas Carigali Sdn Bhd, planned to invest over RM10 billion in new oil and gas assets to help ensure reliable and sustainable energy supplies for Malaysia.

This was a follow-through from the announcement of new tax incentives under the Petroleum Income Tax Act in November 2010, said Najib, who is also Finance Minister.

Continue reading at: RM75m resort for Pulau Gaya

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