Genting’s Johor resort part of bigger plan

Justin Leong, head of strategic investments at Genting Bhd, speaks on the company’s proposals to build a theme park and hotel in Iskandar, a special economic development region in Johor.

The company, Asia’s largest publicly traded casino operator, is exploring the project through its plantation unit, Genting Plantations Bhd which is already working on a joint venture project to develop a high-end shopping complex in the state, which borders Singapore.

Leong made these comment in an e-mailed statement to Bloomberg News.

“The building of a theme park and hotel in Johor is part of a broader development plan that the Genting Group has for its operations in Iskandar Malaysia.

“The development plan will be subject to a detailed market feasibility study and is contingent to the successful development of the Johor Premium Outlets, the retail shopping project that the Genting Group is developing with US-based Simon Property Group Inc.”

By Bloomberg