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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

Khazanah’s RM5bln project set to transform Desaru

Posted on 02 November 2012

Destination Resorts and Hotels (DRH), an entity set up by Khazanah Nasional Bhd, got the cogwheels churning to change the face of Desaru, starting with its Desaru Coast Phase 1 carrying a gross development value of RM5bil.
DRH managing director Nadziruddin Basri said the first phase, covering 1,800 acres, was targeted to be completed in 2015 but its various components would be opened as and when they were ready. “It is important to have Phase 1 come together at the same time. The idea is to stagger the project launches but have all ready in 2015………………………………………..Full Article: Source


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