Tradewinds Corporation in Malaysia chaired by Mohamed Alabbar and backed by Albukhary Group recently unveiled a masterplan of its flagship project Perdana Quay. The gross development value of the project in Langkawi is priced at AED 4.5 bn (US$1.2 bn).
Perdana Quay is an integrated leisure, retail, residential and commercial development, targeted at luxury travellers. Malaysian prime minister Mohd Najib Tun Razak unveiled the masterplan and also marked the ground-breaking of Burau Langkawi, a luxury deluxe resort, in the presence of Dr Mahathir Mohamad, former prime minister; Mukhriz Mahathir, chief minister of Kedah state; and Mohamed Alabbar.
The Burau Langkawi is expected to be completed by end-2017, and will feature 245 deluxe rooms and 60 luxury villas including 26 ultra-luxury villas on Pulau Anak Burau.
Alabbar said: “Perdana Quay will attract not just tourist but investors as well seeking high-end residences. We hope to create new jobs, support local industries and strengthen the tourism sector through this project.”
Tradewinds Corporation has luxury and ecologically conscious resort properties such as Hilton, Istana, Mutiara and Meritus.