Sunday, December 11, 2011

Genting group invests RM1 bln in new JPO attractions

JOHOR BAHARU, Dec 11 (Bernama) -- Prime Minister Datuk Seri Najib Tun Razak said the Genting Group will invest RM1 billion on new attractions in phase two of the development of Johor Premium Outlets (JPO) in Kulaijaya.

Najib, who launched JPO early Sunday, said the new attractions include a water theme park, convention centre and 2,000-room hotel.

"The Genting Group will also spend RM100 million to build 60 more outlets at JPO, which are expected to be completed in a year," he told reporters at the media conference after Iskandar Malaysia's fifth anniversary celebrations at Puteri Harbour, Nusajaya Sunday.

Also present were Johor Menteri Besar Datuk Abdul Ghani Othman and Khazanah Nasional managing director Tan Seri Azman Mokhtar.

JPO is the 70th Premium Outlets megastore in the world and the first in Southeast Asia.

It features some 80 brand names at discounts of 25 to 65 per cent every day.

JPO is a joint venture between Genting Group and the Simon Property Group of the United States. - Bernama

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