BDBMBI Langkawi Ventures Sdn Bhd, a joint venture company between Bina Darulaman Bhd (BDB) and Menteri Besar Kedah Incorporated, will develop an integrated commercial development project in Langkawi, which will be known as “Premium Outlets”.
A collaboration with the Langkawi Development Authority, the project will be developed on a 16.58ha site in Padang Matsirat, adjacent to Langkawi International Airport.
It will comprise food and beverage outlets, business outlets and recreational facilities aimed at tourists and the local community, according to a report by The Malaysian Reserve (TMR).
“The project is divided into several phases, and BDBMBI will focus on the development of Phases 1 and 2 first with the gross development value amounted to RM817 million while the remaining phases are for future development,” said Faris Najhan Hashim, President and Group Chief Executive Officer of BDB.
The development’s Phase 1 will be known as ‘Malaysia Designer Outlets’, featuring local fashion outlets, a ‘coffee house’ and fusion cuisine restaurants that comes with an exclusive concept or ‘fine dining’.
This phase will also see the construction of 37 business outlets on 1.65ha land.
Development works for Phase 1 will start next month, with completion slated in July 2022.
“In addition, it is estimated that some 100 job opportunities will be created at once to help revitalise the local economy and to this day, almost 90% of entrepreneurs around Langkawi and Peninsular Malaysia have confirmed their involvement for Phase 1,” said Faris Najhan as quoted by TMR.