|MELAKA GATEWAY @ MELAKA|
Like to InvestoVisit?
Melaka Gateway is an off-shore development of Pulau Melaka and artificial islands on the coast of Malacca City, Malaysia. It was launched on 7 February 2014 by Malaysia's Prime Minister, Dato' Seri Najib Bin Tun Abdul Razak, witnessed by Chief Minister of Malacca, Dato Wira Ir. Idris Haron. It is expected to be open on 2018 and finished completely by 2025. Melaka Gateway is projected to generate an additional 2.5 million tourists over the next 12 years.
Certified as a UNESCO World Heritage Site, Malacca is rich in heritage due to myriad of influences from the East and West. It has developed rich cultures and traditions that are unique only to this state. Inspired by its glorious past,the project consist of 12 precincts including residential, commercial, cultural, entertainment and lifestyle elements. The 12 precincts are Gateway Entertainment Precinct, Melaka Marina & Cruise Centre, Melaka Historical Walk, Gateway Maritime Arena & Beacon, Branded Fashion District, International Theme Park, Melaka Cultural Walk, Waterfront Marina Villas & Resorts, Gateway Wellness & Lifestyle Precinct, Melaka Skyline Apartments, Lohas Park & Residences and Eco Isle Resorts. The 609-acre project will see the first phase attracting some 900,000 visitors during the first year of operations, including international cruise passengers. The first phase, which will be built on Malacca Island, will include Malaysia Eye (which will be erected in six months' time), two hotels, several resorts, a heritage walk, a fashion district and a marina terminal. Its marina terminal will be the largest in Asia, tapping into the growing number of cruise ships plying the route which currently do not stop at Malacca due to lack of facilities. The marina terminal alone will cost some RM600 million and able to handle three cruise ships at the same time. The funding for the project will be a combination of internal funds, partnerships and bank borrowings. Some of the land, especially the residential portions, may be sold to other property developers while some parts of the project will be jointly developed with other partners and investors. United Nations Millennium Development Goals (MDG) environmental sustainability guidelines are used as based for the project. This project is projected to create 15,000 jobs. (Wikipedia)
Notable mega projects here are Malacca Gateway's cruise terminal and the Malacca Gateway Deep Sea Port.
Enigma Along the Maritime Silk Road Timeline!