The initiative saw the upgrading of existing facilities including eight commercial lots, enhanced washroom and surau facilities, and the allocation of more than 70 parking bays for cars, motorcycles and bicycles, to cater for the needs of travellers and visitors and in support of Langkawi’s tourism segment.
According to SCIB, the memorandum of understanding (MOU) signed between the two parties lays the groundwork for future cooperation between the parties on key aspects.
The 99-year leasehold property is on industrial land that measures some 4,868 square metres (sq m).
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Sarawak tourism, creative industry and performing arts minister Abdul Karim Rahman said this is “probably because our conditions are more attractive [compared to the national MM2H]”.
Abang Abdillah Izzarim Abang Abdul Rahman Zohari, 45, is the son of Sarawak Premier Tan Sri Abang Abdul Rahman Zohari Abang Openg, more popularly known as Abang Johari or Abang Jo.
Based on the illustrative gross proceeds, the company in a filing with Bursa on Thursday (Aug 10) said almost all of it or RM53.
The company stands to incur a gain of approximately RM7.
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