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Monday, November 14, 2011

Tradewinds may further develop Langkawi

Langkawi Tradewinds Corp Bhd (TCB), controlled by businessman Tan Sri Syed Mokhtar Al-Bukhary, is set to bring more developments to Langkawi, with at least two major projects on the cards.

Business Times has learnt that the company may build a new five-star resort and redevelop Telaga Harbour Park at Pantai Kok.

It is not immediately known if TCB will embark on these developments on its own or on a joint-venture basis.

Speculations are also rife that TCB may have recently bought over the three-star Mutiara Bay Beach Resort in Langkawi, which it manages and operates for the Langkawi Development Authority

“The proposed location of the new resort is likely to be sited on land leased out from Lada, somewhere between The Danna Langkawi and Mutiara Burau Bay Beach Resort,” a source said.

The redevelopment of Telaga Harbour, meanwhile,is said to see the construction of residential and commercial units.

TCB currently owns and manages Perdana Quay, a commercial and retail property made up of some 90,000 sq ft of business space.

In addition to Mutiara Burau Bay, TCB also owns luxury boutique hotel The Danna and the five-star Meritus Pelangi Beach Resort and Spa Langkawi.

By Business Times

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