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Tuesday, February 7, 2012

Emkay sees Belum resort as future profit driver

GRIK (PERAK): Emkay Group, controlled by property magnate Tan Sri Mustapha Kamal Abu Bakar, expects its Belum Rainforest Resort (BRR) in Pulau Banding to be a profit churner for the group in the future.

The BRR project, which is currently being developed, is expected to be fully completed within the next 10 to 15 years.

"This place would be the next profit centre for us in the future," said Mustapha Kamal, who is the group chairman.

The overall development of BRR involves four phases on over 600ha in Malaysia's 130 million-year-old Belum-Temengor rainforest and will boast a gross development value (GDV) of RM639 million.

Emkay has so far completed the first phase in June 2009, while the second phase is under progress and expected to be completed in March next year.

Mustapha Kamal, who founded Emkay Group, said the group has invested about RM100 million for the two phases.

The first phase of the BRR project was built specifically to attract foreign visitors, while the second phase is aimed at attracting more local visitors, he told a news conference last Wednesday.

The Emkay group has allocated some RM29 million for the development of the second phase.

Under the second phase of development, the resort will have a total of 113 rooms, including six kampung-style houses, and new facilities like spa rooms and swimming pool to cater to the growing number of visitors.

By Business Times

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