MELAKA: KAJ Development Sdn Bhd (KAJD) has announced that the RM43 billion Melaka Gateway mega project will be revived.
Executive chairman Datuk Daing A Malek Daing A Rahaman said the project is being revitalised following the approval of guidelines and regulations, with the support of the Federal and Melaka state governments.
"The revival of Melaka Gateway gains track as a result of the participation of new shareholders and investors as well as the formation of a dynamic leadership team.
"The rebranding campaign will be launched in line with its initiative to transform Melaka into a thriving tourist destination by leveraging its historical importance as a famous trading port," he said in a statement here today.
Daing A Malek said the infrastructure development of Melaka Gateway would resume with the construction of the Melaka International Cruise Terminal (MICT) as the only international cruise pier in the state with exclusive operating rights from the Melaka state government.
He said under KAJD's management, MICT will be the only entry point for international cruise ships and ferries to Melaka.
Additionally, he said the terminal will be able to accommodate the arrival of cruise ships and is expected to bring about 3.5 million tourists to Melaka Gateway every year.
"The arrival of cruise ships will have a big impact on the development of Melaka and will increase tourism activities, making Melaka one of the most famous tourist destinations in the world while also benefiting the local economy.
"Through collective efforts, we have succeeded in re-instilling confidence among shareholders and we hope to establish close relations with all parties involved," he added.