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Monday, December 19, 2011

DRB-Hicom: Rebak developers shortlisted

DRB-Hicom Bhd has short-listed several leading developers from Asia and Europe for the development of Rebak Island in Langkawi.

In a statement here today, it said the development of the island would push up Rebak Island's name to be on par with other famous island resorts in the world.

It will directly position Langkawi as not only an attractive destination in terms of its natural beauty but also its offer of a unique luxury holiday resort catering to the elites of the world, it said.

DRB-Hicom Head of Property, Asset and Construction, Zamri Yusof, said in order to ensure that there is extensive marketing for the development of the island to both domestic and foreign investors, the existing land title status would have to be changed from the Malay reserve status.

He said the company's collaboration with leading property developers will provide DRB-Hicom the opportunity to work with them and share their expertise and experience.

"In fact, DRB-Hicom is in the final stages of getting approval for the conversion of the land status prior to presenting it to the Kedah state government for approval," he said.

By Bernama

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