Berjaya Land Bhd (BLand) is collaborating with Sabapak Eco Sdn Bhd (SESB) to jointly develop a Sustainable Tourism Destination in Sabah.
The two parties inked a Memorandum of Understanding for this purpose on Friday (March 25), under which they will jointly formulate a comprehensive sustainable plan to develop and transform part of Gaya, Sapi and Bohey Dulang Islands into a prime destination for eco-tourism.
SESB is a wholly-owned subsidiary of Sabah Parks’ board of trustees, which was created in 2002 but was only activated in January 2022 to boost the development of new potential tourist destinations as well as to promote sustainable economic growth in Sabah.
In a statement, BLand chief executive officer Syed Ali Shahul Hameed said the partnership is expected to contribute to the economic growth of Sabah, and in particular, Sapi, Gaya and Bohey Dulang Islands.
“Apart from introducing visitors to the natural beauty of the islands and fostering an appreciation of the local culture and heritage, the upgrading of infrastructure and amenities as well as the development of an eco-luxury hotel and residences will create more job and business opportunities for the local community,” he added.
“The BLand group has a wealth of experience with proven track record in hospitality and tourism destination management. As such, we are confident that by leveraging on BLand’s expertise and experience in the property development and hospitality sector, we will be able to design a sustainable eco-tourism project which will vastly add value to the tourism industry of Sabah," he said.
Berjaya Corp Bhd chairman Tan Sri Vincent Tan said Sapi, Gaya and Bohey Dulang islands have enormous potential to become top-rated holiday destinations in Malaysia, alongside international tourists’ favourites such as Langkawi, Redang and Tioman islands.
“We are confident that, together with SESB, we will be able to elevate the beauty and charm of these islands and transform them into a must-visit eco-destination for both domestic and international tourists,” he added.
Shares in Berjaya Land closed unchanged at 21 sen, bringing it a market capitalisation of RM1.05 billion. Berjaya Corp’s shares price also ended Friday’s session unchanged at 24 sen, for a market value of RM1.3 billion.
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