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Friday, April 11, 2008

RM255m property project to boost Tawau's economy

IN PACT: Kong (left) and Abu Bakar exchange documents after the signing ceremony. Looking on are Masidi Manjun (second from left) and SEDCO chairman Datuk Mohd Lan Alani (second from right)

TAWAU in Sabah will get a major economic boost from a new integrated project comprising residential, commercial and hotel developments in one area.

The project, developed by Sabah Urban Development Corp through its wholly-owned subsidiary Perusahaan Pusaka Timur Sdn Bhd, is 1.5km outside the Tawau town centre and is worth RM255 million in gross value.

Pusaka will develop the Kuhara Court condominium, the Eastern Plaza shopping centre and a four- star hotel, to be managed by Promenade Hotel Sdn Bhd.

Promenade Hotel Tawau, which adjoins the shopping plaza, is poised to be the biggest hotel in the area, with 180 rooms over 17 storeys.

According to Promenade's managing director Kong Hock Sian, the highlight of the hotel is its ballroom, the biggest in Sabah, that can accommodate 1300 banquet guests.

"This will be able to facilitate the MICE (meetings, incentives, conferences and exhibitions) need in the east coast," Kong said at the signing ceremony for the hotel management agreement yesterday.

The hotel alone is worth RM60 million. Other facilities include a business centre, a club floor lounge, a gymnasium and a health centre.

The hotel's construction is now 65 per cent completed and is due to open its doors by the end of the year.

Also present were Tourism, Culture and Environment Minister Datuk Masidi Manjun and SUDC managing director Abu Bakar Yahya.

Abu Bakar said that the agency chose Promenade to lead the project because of the success of their current joint ventures in running Promenade Hotel in Kota Kinabalu, and Api-Api Centre.

By New Straits Times (by Julia Chan)

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