Tuesday, December 13, 2011

DRB-Hicom mulls turning Pulau Rebak into luxury holiday paradise

KUALA LUMPUR (Dec 13): DRB-HICOM BHD [], via its unit, Rebak Island Marina Bhd, intends to launch a world-class luxury holiday concept property development project on Pulau Rebak in Langkawi for domestic and foreign markets.

DRB-Hicom said on Tuesday Pulau Rebak's strategic location and the government's plan to upgrade the holiday haven on par with the world's top holiday islands would serve as a catalyst to the company's aspirations.

Group managing director Datuk Seri Mohd Khamil Jamil said the launch of the Langkawi Tourism Blueprint by Prime Minister Datuk Seri Najib Tun Razak
recently, entailing an estimated RM5 billion investment over the next five years was a welcome initiative.

"I'm confident with the five-year comprehensive plan, coupled with the cooperation and participation of all parties, the government's estimate to
double tourism revenue to RM3.8 billion via the arrival of three million tourists to Langkawi by 2015 will be realised," he said in a statement.

Mohd Khamil said DRB-Hicom, through its property, asset and CONSTRUCTION [] wing, has identified one of the strategies for Pulau Rebak -- developing
"boutique" luxury holiday residences which would be sold to specific buyers from within and outside the country.

He said the absence of a contemporary ultra luxury world-class concept property development on a holiday island in Malaysia has provided an
opportunity to DRB-Hicom to explore the potential.

"In fact, the DRB-Hicom Group has been discussing the Pulau Rebak Development Plan since 2009 and the feedback received from international
development consultants, residential property owners and world-class holiday companies is very encouraging.

"This is a good sign as Langkawi truly has its unique attraction and distinct natural scenic landscape which have not been brought to the fore at
international stage.

"The time has come for Malaysia to have luxury holiday residences which can woo the rich and the famous from throughout the world to pick Pulau Rebak as their choice holiday destination," he added. - Bernama

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